KB Financial Group signed a memorandum of understanding (MOU) with the National Police Agency (NPA) and the Credit Counseling and Recovery Service (CCRS) on May 28 to prevent damage from telecommunications financial fraud, and to support victims’ early recovery and return to daily life.
The agreement was established to build an integrated public-private cooperation system to help out victims of telecommunications financial frauds — including voice phishing, smishing, and messenger phishing — through psychological, economic, and legal support to help them recover from damage and return to daily life, and to prevent damage from telecommunications financial frauds through prevention content production and distribution.
Under the agreement, the NPA is responsible for producing and distributing content to prevent telecommunications financial frauds and operating victim support systems, while the CCRS provides credit and psychological counseling and legal counseling referral services for victims.
KB Financial Group will spread prevention content nationwide through branches of its major affiliates and official social media channels and fully fund the operation of specialized psychological counseling programs.
Victims of telecommunications financial fraud tend to suffer complex aftereffects such as guilty feelings, anxiety, depression, and feeling short in addition to financial losses.
Kim Kyung-nam, executive vice president of KB Financial Group’s ESG Division (center), poses for a photo with Oh Chang-bae (left), head of the NPA’s Team against Telecommunications and Financial Frauds and Yoo Song-hwa, head of the Rehabilitation Support Division at the CCRS on May 28.
Accordingly, KB Financial Group has further expanded the scope of support for victims of financial fraud from economic recovery to the realm of emotional recovery by providing systematic and effective recovery support to help victims overcome psychological trauma and stably return to their daily lives.
Integrated support - credit and psychological counseling - will start on June 1.
Victims of telecommunications financial fraud can apply for credit counseling through the CCRS App.
Free customized counseling services regarding credit management, debt adjustment systems, and welfare systems are available through one-on-one credit counseling (telephone counseling) with professional consultants at the CCRS.
Strategic Partnership Deal with Rebellions to Build Next-Generation AI
KB Financial Group inked a strategic business partnership agreement with Rebellions, a leading Korean AI semiconductor company, at the KB Kookmin Bank New Building in Yeouido, Seoul, on May 27.
The Korean neural processing unit (NPU) company and the financial group are collaborating to boost the competitiveness of Korea’s AI infrastructure.
It is expected to become a practical model of productive finance, where finance supports the growth foundation of advanced industries.
On hand at a signing ceremony were key officials from both companies including Yang Jong-hee, chairman of KB Financial Group and Park Sung-hyun, CEO of Rebellions.
They showed their strong commitment to cooperation in building next-generation AI and financial ecosystems.
The MOU was signed to accelerate KB Financial Group’s AI transformation amidst intensifying global competition for AI supremacy and to secure competitiveness in Korean-style AI financial infrastructure suitable for the era of sovereign AI.
Based on mutual trust and respect, both companies will broadly explore the intersection of AI semiconductor technology and finance and jointly lay the foundation for mid-to-long-term cooperation.
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