KB Pay Quiz October 29th Answer 'Mobile Phone Loss Compensation' & Star Quiz 'Remodeling' Full Explanation! (ft. 1500-Character Pro Tips)
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Folks! Folks! 😲 October 29th, Wednesday, lunchtime is approaching!
In the languid afternoon, it's time to wake up your brain with some rewarding 'AppTech'! 💰 The answers for KB Financial Group's flagship AppTech, **KB Pay Today's Quiz** and **KB Star Banking Star Quiz**, are out!
Today's quiz questions covered confusing common knowledge about the **'mobile phone care service'** we use every day, and a very hot topic in real estate: **'remodeling'**! 🤯
"Huh? Didn't phone care cover loss too?", "What's the difference between reconstruction and remodeling?" Confused? I bet!
Not just the answers! I'll break down everything in over **1500 characters** of TMI explanations to richly fill your knowledge base! 🚀
October 29th, Wednesday! I'm sharing the answers to today's KB Pay Quiz and Star Quiz 'as fast as possible'.
The fun of solving quizzes and accumulating points every day! Today's quizzes contained really useful information for daily life, too valuable to just get the answer and move on. 🤓
Along with today's quiz answers, I'll delve into the pitfalls of 'phone care services' and everything about 'remodeling'! Let's explore in detail!
1. KB Pay Today's Quiz: "They Don't Cover This Either?" 📱 (October 29th)
First, it's KB Pay Today's Quiz! The question was about phone care services. It's a question that directly points out a common area of confusion for many people.
❓ Today's Question:
Which of the following is NOT a service provided by 'phone care service'?
✅ Answer: Mobile Phone Loss Compensation
💡 [Answer Explanation & 'Real' Pro Tips!]
The answer is indeed **'Mobile Phone Loss Compensation'**!
If you thought, "What? Shouldn't a phone care service naturally compensate for loss too?"... Unfortunately, that's a common trap! 😥 You need to clearly distinguish between 'phone care' and 'mobile phone insurance'.
- What is 'Phone Care Service'? (In most cases)
Typical 'phone care services' provided by KB Pay or other financial/card companies primarily focus on **'damage (repair cost support)'**.
For example, when your smartphone screen is cracked (damage), battery performance declines (battery replacement support), or it gets submerged in water (water damage)... These are 'insurance-type supplementary services' that support the **'repair costs'** incurred due to your own mistake or accidental damage, within a certain limit. The main purpose is to cover the cost of fixing a damaged phone. - How is 'Mobile Phone Loss Compensation' different?
Support for the cost of purchasing a new phone when your phone is **lost or stolen** is a completely different area of coverage.
This 'loss/theft' compensation is a major coverage item of **'mobile phone insurance'** that we subscribe to through telecommunication companies (SKT, KT, LGU+) when activating a smartphone. Telecom mobile phone insurance often includes both damage (repair cost) and loss/theft (replacement cost for a new phone).
Conclusion! The phone care service provided by KB Pay does not cover 'loss' but primarily supports repair costs for 'damage', so the answer is 'Mobile Phone Loss Compensation'. This was really important information that could lead to trouble if not thoroughly understood. When signing up for smartphone supplementary services, always check the terms and conditions to see what is covered! 👍
2. KB Star Banking Star Quiz: "Reconstruction vs. Remodeling" 🏠 (October 29th)
Next up is the KB Star Banking Star Quiz! These are important terms that appear almost daily in real estate news. They are of primary interest, especially to residents of aging apartment complexes.
❓ Today's Question:
What is the method of improving the living environment by expanding the area or increasing the number of floors while retaining the structural frame of an existing apartment, rather than demolishing it and rebuilding anew?
✅ Answer: Remodeling
💡 [Answer Explanation & Real Estate TMI!]
The answer is **'Remodeling'**!
If you thought, "Isn't reconstruction pretty much the same thing?" then today we'll clearly differentiate between the two concepts! 🤓 These two have significant differences in how they improve housing, and they vary in advantages, disadvantages, and the intensity of government regulations.
- 1️⃣ Reconstruction: Demolishing and Completely Rebuilding ANEW! 💥
Reconstruction, as the name suggests, involves **completely demolishing** old apartments or buildings and **constructing entirely new buildings (apartments)** in their place. It's about creating something entirely new.- Pros:
- Latest Living Environment: You can create everything new, including modern designs, spacious and efficient floor plans, ample parking spaces, and splendid community facilities. If there's leftover floor area ratio, additional units can be sold to the public to reduce owner's contributions.
- Asset Value Increase: You can expect a significant increase in asset value due to the value of a new apartment.
- Feasibility: If there's sufficient floor area ratio, owner's additional contributions can be reduced through general sales of new units.
- Cons:
- Long Project Duration: It's a long-term project taking at least 10 years, sometimes over 20 years, from the establishment of a promotion committee to actual move-in.
- Strict Conditions: Passing safety evaluations (for building dilapidation) is very strict, and it can face strong government regulations such as the 'Reconstruction Excess Profit Recapture System' (재건축초과이익환수제, often called "Jae-Cho-Hwan").
- High Initial Costs: Owners may face high contributions due to safety evaluation costs and initial project expenses.
- Pros:
- 2️⃣ Remodeling: Retaining the Frame (Skeleton) and Renovation! 🛠️
Today's quiz answer! Remodeling involves **retaining the basic structural frame** (load-bearing walls, columns, and other main structures) of an existing apartment while renovating and repairing the interior and exterior of the building. It primarily improves the living environment by expanding the area (horizontal expansion) or adding more floors (vertical expansion).- Pros:
- Relatively Faster Project Speed: Compared to reconstruction, safety evaluation criteria (Grades B~C) are relatively lower, making it easier to pass. The project process is simpler, allowing for much faster completion.
- Relaxed Government Regulations: It can avoid strong reconstruction regulations like Jae-Cho-Hwan, and the transfer of owner status (sale) is relatively free.
- Maintenance of Living Convenience: Since the building is not completely demolished like in reconstruction, the relocation period can be shorter or sometimes unnecessary.
- Cons:
- Structural Limitations: Since the existing frame must be maintained, there may be limitations in securing parking spaces or changing floor plans. It's difficult to achieve changes as dramatic as reconstruction.
- Feasibility: It may be harder to increase the number of units for general sale compared to reconstruction, which can lead to higher additional contributions for owners.
- Pros:
Recently, many older apartment complexes in Seoul and in 1st-generation new towns (Bundang, Ilsan, Jungdong, Pyeongchon, Sanbon, etc.) have chosen **'remodeling'** instead of reconstruction. This is because reconstruction regulations are too strong, making projects unprofitable, whereas remodeling faces fewer regulations and proceeds faster, making it easier to gain residents' consensus! This is a significant trend in the real estate market, so remember the word 'remodeling'!
3. 'AppTech', Consistency is Key! (KB Pointli Utilization Tips)
If you answered both quizzes correctly today, valuable KB Pointli should have been accumulated. Participating consistently in 'AppTech' like this every day brings small but certain pleasure, along with smart financial habits!
How to Utilize KB Pay & KB Star Banking AppTech Features:
- Today's Quiz: Earn points by participating in 1-2 quizzes daily on the KB Pay and KB Star Banking apps! You can accumulate points every day with a small time investment.
- Attendance Check: Just by visiting each app daily, you can receive a certain amount of Pointli or points in the form of a random box!
- Payment Rewards: When paying with KB Pay online/offline, utilize promotions that offer additional Pointli accumulation or discount benefits at specific merchants!
- Free Open Banking Transfers: You can transfer money to other bank accounts without fees through KB Pay. Even small fee savings add up to a significant amount in the long run!
- Various Events: Regularly check the 'Events' tab within each app to not miss out on opportunities to earn additional points or prizes!
'KB Pointli', Where Can You Use It? (Equivalent to Cash!)
KB Pointli has a value of **1 Pointli = 1 KRW in cash**, and it can be utilized in various useful ways. You can virtually think of it as cash!
- Shinhan Card Payment Deduction: One of the most common ways to use it, you can use your accumulated Pointli to pay your KB Kookmin Card bill. (Full or partial use available.)
- Conversion to Partner Points: You can expand its use by converting it to points of various affiliated companies such as Naver Pay, SSG Money, L.Point, or airline miles. It can also be converted to Asiana Airlines or Korean Air miles.
- ATM Cash Withdrawal: If you have 10,000 Pointli or more, you can withdraw it directly as cash from any KB Kookmin Bank ATM nationwide without using a physical card! 😲
- Deposit to Your Account: If you have a KB Kookmin Bank account, you can transfer your Pointli as cash to your own account via the app.
- Gifting: You can also gift Pointli to friends or family. This can be a way to send a small gift and show you care.
- Bill Payment and Shopping: You can use Pointli to pay utility bills (like telecom fees, apartment management fees) within the app, or use it to purchase items at KB Pay Shopping, etc.
As such, KB Pointli is a very useful asset that can be used like cash in various aspects of daily life, so accumulate it steadily through consistent AppTech!
Today's KB Pay and KB Star Banking quizzes answers confirmed! 🥳 We got the answers right and gained useful common knowledge about 'phone care services' pitfalls and 'remodeling vs. reconstruction' in real estate! It was truly a rewarding AppTech session. 😊
Have a great day, and I'll be back tomorrow with fast and accurate quiz answers! 👋 Let's turn small earnings into a mountain through consistent AppTech!
Where do you mainly use your accumulated KB Pointli, folks? 🤔 If you have any useful tips, please share them in the comments! 👇
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