KB Kookmin Bank will accept applications for voluntary retirement until the end of this month. Those born in 1974 or earlier are eligible for the voluntary retirement.
According to the financial sector on the 26th, Kookmin Bank will accept applications for voluntary retirement from today until the 31st. The eligibility has been expanded to include those born in 1974, up from 1972 last year.
The bank will provide special severance pay equivalent to 18 to 31 months of wages, the same as last year. It will also offer educational support of 3.5 million won per semester for one child, up to a maximum of 28 million won for 8 semesters, and a reemployment assistance fund of up to 40 million won.
Kookmin Bank is expected to complete the retirement process by Jan. 18 next year. Last year, 674 employees left the bank under the voluntary retirement program.