KB Kookmin Bank launches homecoming service for overseas Koreans returning to South Korea

KB Kookmin Bank said on the 22nd it has launched the “KB Prime Donghaeng Homecoming Service” to help overseas Koreans settle stably after returning to South Korea.

The bank said the service was created to meet demand for relocation and asset restructuring as global asset-market conditions shift and interest grows in South Korea’s education and living infrastructure.

Reflecting the complex needs of return-migration customers — including moving assets as well as residence — the bank plans to provide an integrated package covering administrative, tax, real estate, legal and wealth-management services.

The KB Prime Donghaeng Homecoming Service is the first offering in the bank’s “Donghaeng” series for WM (wealth management) clients. It provides tailored support across the return process, including help with administrative steps such as restoring nationality, transferring overseas assets and rebuilding financial portfolios, and tax-saving and gift-tax consulting.

With the launch, KB Kookmin Bank opened a dedicated return-migration counter, the “KB Homecoming Desk,” at its Myeong-dong Asset Management Advisory Center. In South Korea, customers can request consultations through nearby branches. In the United States, consultations are available through partner firm Koriny.

The bank said it plans to expand eligible customers and the scope of services by linking the program with its KB WM Star Advisory Group and family office services for managing wealth at the family level.

A KB Kookmin Bank official said, “We hope this service will provide practical help to customers,” adding, “We will continue to expand customer-focused comprehensive financial services based on differentiated WM capabilities.”