KB Securities Supports Low-Income Vulnerable Youth with Overdue Health Insurance Premiums Assistance

On the 21st, at the KB Securities headquarters in Yeouido, Kim Seong-hyun, President of KB Securities (left), and Lee Jae-yeon, Chairman of the Credit Recovery Committee, are posing for a commemorative photo during the signing ceremony of the business agreement for the 'Support for Health Insurance Premiums Arrears of Low-Income Vulnerable Youth' to practice win-win finance.
[Photo by KB Securities]

KB Securities announced on the 25th that it held a business agreement ceremony with the Credit Recovery Committee to support low-income vulnerable youth with overdue health insurance premiums.

The agreement ceremony, held on the 21st at KB Securities headquarters in Yeouido, was organized to prevent young people from facing difficulties in employment due to overdue health insurance premiums and falling into vulnerable groups by being unable to use normal financial transactions. The event was attended by KB Securities President Kim Seong-hyun, Credit Recovery Committee Chairman Lee Jae-yeon, and other officials.

The low-income vulnerable youth overdue health insurance premium support project is a win-win financial initiative jointly conducted by KB Securities and the Credit Recovery Committee to provide practical assistance to vulnerable youth who are burdened with increased debt due to economic downturn, employment instability, high inflation, and high interest rates, and who are unable to receive basic medical services due to overdue livelihood health insurance premiums.

In particular, through this social contribution project, KB Securities and the Credit Recovery Committee will support vulnerable youth under 39 years old, including university students and unemployed youth whose debt adjustment has been confirmed, who have overdue health insurance premiums of 2 million KRW or less for more than three months. For overdue health insurance premiums ▲40 million KRW or less, full support will be provided ▲For amounts exceeding 40 million KRW up to 2 million KRW, support of up to 50% (maximum 490,000 KRW) will be given, and the remaining overdue health insurance premiums can be repaid in installments over up to 24 months in cooperation with the National Health Insurance Service.

KB Securities expects that this overdue health insurance premium support will help vulnerable youth return early to a credit society, support their economic recovery, provide basic health insurance benefits, and enable them to regain hope, focus on job preparation and livelihood, and continue healthy economic activities.

Kim Seong-hyun, President of KB Securities, said, "KB Securities is steadily expanding support projects for vulnerable groups to achieve balanced development of local communities and society." He added, "I hope this project has provided a small help to young people who should be actively engaged in economic activities socially." He emphasized, "We will continue to grow as a securities company that coexists with society along with ESG (Environment, Social, Governance)-centered sustainable management."