Lee Dong-geol, Chairman of the Korea Development Bank, is taking a commemorative photo after becoming the first subscriber to the 'KDB Open Banking Fixed Deposit' launched on the 30th.
[Asia Economy Reporter Kangwook Cho] Korea Development Bank (KDB) announced on the 30th that it has launched the 'KDB Open Banking Time Deposit,' offering a maximum annual interest rate of 1.5% for a 1-year term.
The 'KDB Open Banking Time Deposit' allows subscriptions up to 100 million KRW per person and provides a basic interest rate of 1.0% for a 1-year term, with an additional preferential interest rate of up to 0.5% for using open banking services, offering a maximum annual interest rate of 1.5%.
KDB explained that it launched this product to actively participate in the government's efforts to open financial payment infrastructure and to enhance customer convenience through the activation of open banking services. Additionally, KDB plans to hold an event offering various prizes through a lottery for new subscribers.
On the day of the launch, KDB Chairman Donggeol Lee personally subscribed as the first customer to commemorate the release.
Chairman Lee said, "KDB will continue to provide good financial products that help customers and offer convenient financial experiences in this low-interest-rate era. We will also strive to ensure that our customers' valuable deposits are utilized where needed, such as fostering new industries that can drive South Korea's sustainable growth."
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