NH Bank announced on Aug. 11 that it launched the new digital ESG product NH Dokdo Walk Installment Savings Product in honor of the 60th anniversary of its founding, and will hold the Digital Dokdo Walk Event for customers who sign up for the product.

NH Dokdo Walk Installment Savings Product promotes the protection of the environment and leading healthy lives among customers as an ESG-centered product. Customers can purchase this product through the All One Bank app.

 They can save from 1,000 won to 200,000 won per month over a six-month maturity period.

This product provides a maximum interest rate of 1.8 percent by applying a preferential interest rate of 0.10 percentage points to 0.4 percentage points, depending on walk checkpoints; 0.3 percentage points for signing up to the Carbon Reduction Point Program; and 0.6 percentage points for registering as a member of the NH Members Program.

The number of steps can be measured by Google Fitness App for Android OS smartphones, or Health App for the iPhone. These applications will be connected to the installment savings product.
The Digital Dokdo Walk Event will run for 60 days until Oct. 9.

Those who want to take part have to sign up for NH Dokdo Walk Installment Savings Product. NH Point coupons (10,000 won) will be given to all customers who participate in the event.

A travel gift certificate worth one million won will be provided in a draw to one customer who took 600,000 steps.

Five customers who took 500,000 steps will receive a travel gift certificate worth 500,000 won.

The awards ceremony will be held on Dokdo Day, Oct. 25. Meanwhile, NH Bank said that if a person takes 600,000 steps, the walking distance will be about 420km which is the distance between Seoul and Dokdo, an island in the East Sea.

The bank will donate 6,000 won per 600,000 steps taken by event participants to a project to protect the environment of Dokdo.

NH Bank will also have a draw for 67 customers who watched videos of the event on the bank’s SNS. After taking a quiz, one of them will receive Galaxy Buds, six will receive a Galaxy Fit 2 and 60 more will get Kakao Friends Bottles.

“August 15 is both Korea’s National Liberation Day and the founding anniversary of NH Bank,” said Kwon Joon-hak, president of the bank.

“We planned this new product and event to fulfill our social responsibilities as a strong national bank and create a 100-year-old NH Bank that grows with the Republic of Korea. We will continue to strive to become a digital leading bank centered on customers.”

In the meantime, NH Bank will launch NH Smart Farm Loan targeting small and medium-sized smart farms.

This new financial product supports the development of farming areas and the economic growth of farming communities and help young farmers lead the agriculture of Korea in the future.

NH Smart Farm Loan can provide facility funds to farmers who want to open small and medium-sized smart farms in the protected horticulture sector.

Moreover, agricultural corporations can use this loan for building smart farms in the form of plant factories, said NH Bank on Aug. 11.

The loan limit is up to 500 million won for a farmer and up to one billion won for an agricultural corporation.

The loaning period is less than three years for credit loans and less than 15 years for mortgage loans.

This loaning service provides a preferential interest rate and an additional credit loan limit for farmers who have farming experience or received farming education. Farmers will receive know-how for successful farming through the NH Smart Farming School Mentoring Service. Special benefits will be given to young farmers, too.

Meanwhile, President Kwon of NH Bank visited DD Farm, a horticultural smart farm located in Pyeongtaek, Gyeonggi Province, on Aug. 10 to listen to the opinions of those in the field. In particular, Kwon accompanied Kim Sung-che, a young farmer who applied for the NH Smart Farm Loan as its first customer. Kwon took a tour of Kim’s smart farm, and wished him success.