On June 15, the bank announced its collaboration with the gig worker platform 'Ilgaja' to launch the 'Immediate Payment Service for Wage Delays,' designed for gig workers and temporary laborers. The service will target approximately 340,000 temporary workers and over 190,000 job sites nationwide.
The Immediate Payment Service utilizes a firm banking system within the Ilgaja platform, allowing businesses to directly transfer wages to workers' accounts. This service clearly separates the introduction fees for labor brokerage from wages, ensuring transparency.
Previously, businesses would send the total amount to the labor brokerage, which would deduct fees before disbursing wages to workers, creating risks of payment delays or wage theft.
Additionally, the service offers features for online processing of essential labor and tax tasks, including electronic labor contracts, electronic signatures, electronic wage statements, fee settlements, and electronic invoices.
In line with government efforts to eradicate wage delays, KB Kookmin Bank plans to accelerate the development of fintech technologies that integrate job placement platform information with financial infrastructure.
A bank representative stated, "We will continue to expand our inclusive finance practices to protect the rights and improve access to finance for customers who are often in financial blind spots or vulnerable situations."
* This article has been translated by AI.
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