Gwangju Bank Donates Proceeds from 5·18 Public Interest Account ‘Neoki’ Sales

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced on the 10th that it held a donation ceremony to donate 20 million KRW from the sales proceeds of the 5·18 public savings account ‘Neoki Savings and Installment Savings’ at the 5·18 Memorial Foundation, attended by Song Jong-wook, President of Gwangju Bank, and Jeong Dong-nyeon, Chairman of the 5·18 Memorial Foundation.

Launched in December 2020 to commemorate the 40th anniversary of the May 18 Gwangju Democratization Movement, the ‘Neoki Savings and Installment Savings’ was created to remember the spirit of May and practice sharing with the local community. It has received favorable reviews for reminding people of the era spirit of the May 18 Gwangju Democratization Movement and the meaning of democracy, promoting the fading historical significance to a wider audience, and encouraging interest in the movement. It achieved high sales, surpassing 5,000 accounts within just two months of launch.

Including the recent renewal release as the ‘2022 Neoki Savings and Installment Savings,’ since its initial launch, ‘Neoki Savings’ has sold 6,960 accounts worth 159.1 billion KRW, and ‘Neoki Installment Savings’ has sold 9,776 accounts worth 26.6 billion KRW. Among these, a portion of the proceeds amounting to 20 million KRW was donated once in May last year.

Following that, 20 million KRW from the sales proceeds of ‘Neoki Savings and Installment Savings’ sold from May last year to April this year was donated for the second consecutive year.

Song Jong-wook, President of Gwangju Bank, said, “I sincerely thank the local residents and customers who have shown great support for ‘Neoki Savings and Installment Savings,’ which remembers the historic moments of our region and shares their meaning together. As the representative bank of Gwangju and Jeonnam, Gwangju Bank’s belief is that we must always empathize with local issues for mutual development with the region and take the lead in activities that share hearts with local residents.”