Risk Disclosure.

This Risk Disclosure explains material risks connected with using KoBank savings tools, wallet features, group savings plans, and investment-access features. It is not exhaustive, and it does not replace the specific terms, offer documents, memoranda, or disclosures shown inside the KoBank app.

You should read this disclosure carefully before saving, joining a group savings plan, or subscribing to an investment offer. If you do not understand a product or its risks, you should not proceed until you have asked questions and, where appropriate, obtained independent professional advice.

KoBank provides financial education, product information, savings tools, and access to selected opportunities. We do not provide personalised financial, investment, tax, accounting, legal, or professional advice unless expressly agreed in writing.

Any content, rate, projection, illustration, lesson, notification, or product summary shown on KoBank is provided for information and education. You remain responsible for deciding whether a product is appropriate for your goals, liquidity needs, risk tolerance, and financial situation.

Savings products may include flexible savings, goal savings, locked savings, group savings, and related tools. Idle wallet balances that are not placed into an eligible savings, group savings, lock, or investment product do not earn returns. Rates, payout timing, withdrawal rules, lock conditions, and penalties may change based on product terms, partner rules, market conditions, or operational requirements.

If you lock funds or opt into a fixed savings term, early withdrawal may be restricted, delayed, or subject to penalties. Interest estimates are not final until credited, and final amounts may depend on deposit timing, withdrawals, penalties, tax treatment, or partner-bank processing.

KoBank group savings plans are fixed-term contribution cohorts. They are not rotating payout schemes. Each plan has rules for contribution amount, debit schedule, maturity date, payout, missed contributions, refunds, and early exit.

If you miss a contribution, disable auto-debit, leave a plan, or attempt to exit before maturity, your expected payout, interest, timing, or continued participation may be affected. Plan projections may change if your actual contributions differ from the plan schedule.

Investment products available through KoBank may include private notes, commercial paper, fixed-tenor instruments, or other opportunities issued or structured by third parties. These products carry risk and may not be suitable for every user.

Capital is at risk. You may lose part or all of the amount invested. Returns are not guaranteed. Past performance does not guarantee future returns. Rates, yields, coupons, and payout dates are subject to the specific offer terms and issuer performance.

Where an investment depends on an issuer, borrower, counterparty, or special-purpose vehicle, repayment depends on that party meeting its obligations. The issuer may delay payment, restructure obligations, default, become insolvent, or fail to repay principal or returns.

KoBank may conduct due diligence and may work with trustees, custodians, issuers, auditors, or partners, but due diligence does not remove credit risk and does not guarantee repayment.

Some investment products are designed to be held until maturity. You may not be able to sell, transfer, redeem, or withdraw before the maturity date. Early exit may be unavailable, delayed, or subject to penalties, discounts, fees, or partner approval.

You should not invest money you may need for emergency expenses, near-term obligations, rent, school fees, medical expenses, business operations, or other commitments before the stated maturity date.

Market conditions, interest rates, inflation, currency movement, economic stress, and regulatory changes may affect product availability, returns, issuer performance, reinvestment opportunities, and the real value of your money.

A fixed return may not keep pace with inflation. A rate that appears attractive today may be less attractive if market rates rise or if inflation reduces purchasing power.

Financial products may be affected by changes in law, regulation, regulator guidance, tax treatment, reporting obligations, partner permissions, licensing requirements, or enforcement actions.

A product may be suspended, delayed, modified, withdrawn, or restricted where required by law, regulators, courts, partners, trustees, payment providers, or risk controls.

KoBank may rely on banks, custodians, trustees, payment processors, identity providers, issuers, and other partners. Delays, outages, errors, insolvency, operational failures, or policy changes affecting those partners may affect account access, funding, withdrawals, settlement, payouts, or product availability.

Funds and assets may be held or administered by third parties under the relevant product structure. You should review product documents to understand who holds funds, who owes repayment, and what protections apply.

KoBank and its partners may experience downtime, cyber incidents, network failures, app bugs, payment failures, delayed notifications, incorrect display values, reconciliation delays, or other operational issues.

We use controls designed to reduce these risks, but no digital platform can eliminate them. Always review confirmations, transaction references, account details, and product documents before acting.

You are responsible for protecting your device, SIM, email, PIN, password, biometrics, OTPs, and account access. Fraudsters may attempt phishing, social engineering, SIM swaps, fake support messages, fake investment offers, or unauthorised access.

KoBank will never ask you to disclose your PIN, password, OTP, or full card credentials through unofficial channels. Losses caused by sharing credentials, authorising fraudulent instructions, or using compromised devices may not be recoverable.

Savings interest, investment returns, fees, withdrawals, payouts, or other transactions may have tax consequences. Tax treatment can change and may depend on your personal circumstances.

KoBank does not provide tax advice. You are responsible for understanding and meeting your tax obligations.

Concentrating a large portion of your money in one product, issuer, sector, tenor, or platform increases risk. Diversification can reduce some risks, but it does not eliminate the possibility of loss.

You should consider your income, emergency savings, debts, dependants, time horizon, financial goals, and risk tolerance before investing. Only invest money you can afford to keep committed for the full tenor and potentially lose.

Unless a product document expressly states otherwise, investment products are not bank deposits, are not guaranteed by KoBank, are not guaranteed by any bank, and are not NDIC-insured.

Any target return, expected return, or projected payout is subject to the product terms and the relevant issuer or counterparty meeting its obligations.

Before using any KoBank product, you should read the applicable terms, risk notes, offer documents, rate information, fees, maturity details, and withdrawal rules. You should ask questions if anything is unclear.

By proceeding with a savings plan, group savings plan, or investment subscription, you confirm that you understand the relevant risks and accept responsibility for your decision.