KakaoBank Corp. (323410) will raise the rate on its Safe Box parking account Thursday. Yonhap reported the change on Wednesday.
The bank will increase the product's interest rate by 0.2 percentage point. Safe Box is a deposit account designed for funds that customers want to separate from their main balance. KakaoBank announced the effective date one day before the change. The report did not state a new absolute rate in the supplied candidate text.
The rate change takes effect on September 10. The company's market capitalisation was ₩10.3 trillion at Wednesday's close.
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| Symbol | Last Price |
|---|---|
| 323410KakaoBank Corp. | ₩21,600 -1.4% |