On Mar. 11, Shinhan Bank signed a business agreement with the Chogye Order of Korean Buddhism to strengthen strategic collaboration and partnership.
The signing ceremony was held at Memorial Hall of Korean Buddhist History and Culture in Jongno-gu, Seoul, attended by Shinhan Bank President Jeong Sang-hyeok and Venerable Jin-woo, president of the Chogye Order.
This agreement was promoted to digitize the Chogye Order’s member management system and to expand services for members by linking member ID functions with financial services.
Under the agreement, the two organizations will carry out various projects, including the issuance and promotion of dedicated cards that double as member IDs, the establishment of an integrated digital platform for member management, and the discovery of new businesses and joint promotions connected to religious life.
“We will do our utmost to continuously provide differentiated financial benefits to Buddhists through the signing of this business agreement with the Chogye Order of Korean Buddhism,” Shinhan Bank President Jeong said.
“Going forward, Shinhan Bank will focus its capabilities on providing new value to customers beyond the boundaries of traditional finance and enhancing financial convenience.”
This business agreement aims to enhance the convenience of Buddhism followers through mutual cooperation between Shinhan Bank and the Chogye Order of Korean Buddhism, and to integrate digital financial services with follower management systems.
It is expected that the financial management and follower management will become much more efficient through the introduction of check cards that double as follower IDs and the establishment of a digital platform.
Based on the agreement, both sides will pursue various joint projects and increase follower satisfaction by developing and promoting services connected to religious life.
Specialized Financial Package for Military Officers
Shinhan Bank announced on Mar. 5 that it has introduced a special financial package for military officers to support their stable asset formation and reduce their financial burdens.
This package consists of lower interest rates for military-exclusive loans and the Shinhan Long-Term Installment Leap Savings, designed to help long-serving military officers accumulate lump sums.
Shinhan Bank is lowering interest rates on military-exclusive credit loans by approximately 0.4% in March to reduce the financial burden on full-time soldiers and military personnel.
Additionally, the scope of support has been expanded since last year to include military civil servants and public service workers, allowing more military-related personnel to enjoy benefits.
In addition, Shinhan Bank launched the Shinhan Long-Term Installment Leap Savings on Mar. 3.
This product targets officers and non-commissioned officers serving long term as part of a support program for long-serving officers, organized by the Ministry of National Defense and jointly participated in by the Korea Military Mutual Aid Association and Shinhan Bank.
Preferential interest rates apply at an annual rate of 0.1% if there is a record of regular salary deposits into a Shinhan Bank checking account for 20 or more months and at an annual rate of 0.1% if there is a record of Shinhan Card (credit/debit) payments into a Shinhan Bank checking account for 20 or more months.
The structure involves the Ministry of National Defense adding an equal amount to monthly payments, allowing recipients to receive more than double their principal upon maturity.
Fruit Gifts to All Regional Children’s Centers in Incheon
Shinhan Bank has set out to share fruit with children in the Incheon region to mark the start of the new spring semester.
On Mar. 5, at the Saemmul Regional Children’s Center in Sinhyeon-dong, Seo-gu, Incheon, laughter spread among the children as fruit boxes were placed in a classroom.
Shinhan Bank held a fruit donation ceremony at the Saemmul Regional Children’s Center on the day and announced that it would provide 900 fruit boxes to all 176 regional children’s centers in Incheon.
The fruit boxes are scheduled to be delivered to each center sequentially over the next two weeks.
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