KB to offer webinar for foreigners on retirement pension

By Yi Whan-woo

KB Kookmin Bank will host an online seminar at 5 p.m., Thursday, to explain Korea's retirement pension system to foreign workers and introduce relevant products offered by commercial banks, the company announced on Monday.

A promotional image of KB Kookmin Bank's “All About Korean Pension” webinar for foreign workers / Courtesy of KB Kookmin Bank

Titled “All About Korean Pension,” the webinar will run on the bank's YouTube channel. It will begin at 5 p.m. and last for 40 minutes. It will be offered in English.

“Foreign workers are eligible to subscribe to a private retirement pension scheme and we have been receiving many inquiries to help them grasp the general idea of the scheme,” a public relations staffer of the bank said. “We have prepared what we believe to be the most helpful information and hopefully the viewers can benefit from our program.”

Those interested in the seminar can register in advance by using a QR code printed on its promotional poster and also by clicking on a banner on the American Chamber of Commerce in Korea (AMCHAM) website.

They will then receive a link to access the seminar.

The seminar will consist of two parts. The first part will focus on types of retirement pensions in Korea and the subscription rates depending on the plans.

The second part will center on information of interest to foreign workers.

A live Q&A session will be available throughout the seminar.

KB Financial Group headquarters in Seoul / Korea Times file