15 Feb '11, 5am

S.Korean banks are now offering special savings plans: the more weight you lose, the higher the interest rate

SEOUL - PARK Keun-jun is determined to fulfill two resolutions this year: bulk up his bank account but slim down himself. Enter South Korean banks, with plans to help with both. 'I'd like to bet my money on a bank's savings plan if the bank gives credits to me for not giving up on my New Year's resolutions,' said Mr Park, a 32-year-old car designer. Hana Bank, the banking arm of Hana Financial Group, sells an installment savings product called 'S-Line', a Korean word that means an hourglass figure - just one reflection of the current Korean obsession with being slim and in shape. The more calories a customer burns, the higher interest rate the bank gives. If a customer loses more than five per cent of their weight within a year, or holds a gym membership, the bank grants special rates. The working-out-for-higher-interest savings account has fetched up 400 billion won (S$45...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

Tweets

Reality TV show "Lose to Win" suspended: SINGAP...

channelnewsasia.com 14 Feb '11, 10am

SINGAPORE: Reality TV show "Lose to Win" - a 12-week weight management challenge by the Health Promotion Board - has been ...

How Can Kids Lose Weight - How to Lose Weight F...

forums.vr-zone.com 22 Feb '11, 12am

Similar Threads Thread Starter Forum Replies Last Post How Do Kids Lose Weight - How Can Obese Kids Lose Extra Weight? VRN...

CPF keeps 2.5% Ordinary Account interest rate

channelnewsasia.com 16 Feb '11, 3am

SINGAPORE: The CPF Board will continue to pay 2.5 per cent annual interest for members' Ordinary Account (OA) savings betw...

Roundabouts, a way to save money, time and fuel

todayonline.com 09 Feb '11, 10pm

TRAFFIC jams are widespread in Singapore. During rush hour, traffic can slow to a crawl at major junctions like the Hollan...

Free Trial Now-Acai Berry & Colon Cleanse Diet ...

forums.vr-zone.com 20 Feb '11, 5pm

Siemens Plunges Into Invisible Hearing Aid Market With New iMini, A 16-Channel Device | Simple and highly effective weight...

LG banks on eye-popping 3D smartphone experience

LG banks on eye-popping 3D smartphone experience

channelnewsasia.com 17 Feb '11, 1pm

BARCELONA, Spain - 3D may finally go mainstream, or so consumer electronics giant LG hopes, when it puts a smartphone in u...

Banks may reap returns from US mortgage reform

straitstimes.com 12 Feb '11, 9am

NEW YORK - ONE group of winners under the government's new mortgage plan: banks, whose income from home loans could jump. ...

China regional banks told to hike reserves via @AddThis

China regional banks told to hike reserves via ...

channelnewsasia.com 11 Feb '11, 5am

SHANGHAI: China's central bank has ordered some small and medium-sized banks to raise their reserves in the latest in a se...

Association Of Banks In Singapore To Absorb Sin...

business.gov.sg 14 Feb '11, 4am

Singapore Investment Banking Association (SIBA) will come under the umbrella of the Association of Banks in Singapore (ABS...