...has expressed his willingness to enact drastic deregulations and introduce innovations into the financial services sector during the Yoon Suk-yeol administration. Deputy Prime Minister and Finance Mi...(financial) consumers.” Choo’s remarks came during his meeting with chiefs from the five major financial groups -- Hana, KB, NH, Shinhan and Woori -- and Financial Services Commission Vice Chairman K...

Chiefs of South Korea’s KB Financial Group and US’ Jefferies Financial Group discussed strengthening and expanding its existing partnership in the global investment banking market, the Korean banking giant said Tuesday. In a meeting with Jefferies Financial Group President Brian Friedman, KB Financial Group Chairman Yoon Jong-kyoo discussed plans to build a stronger cooperation in investment ban...

..., and artificial intelligence to nuclear energy and space technologies. On Sunday, Hyundai Motor Group Chair Euisun Chung announced an additional $5 billion investment in robotics, urban air mobility...percent. In contrast, platform operator Kakao was down about 0.12 percent, and major banking firm KB Financial slid 0.5 percent. The local currency had been trading at 1,269.30 won against the US do...

SEOUL, South Korea , April 27, 2022 /PRNewswire/ -- On April 27, 2022 , KB Financial Group Inc. filed its Annual Report on Form 20-F for the year ended December 31, 2021 with the U.S. Securiti...rities, KB Insurance, KB Kookmin Card, Prudential Life Insurance, KB Asset Management, KB Capital, KB Life Insurance, KB Real Estate Trust, KB Savings Bank, KB Investment, KB Data Systems and KB Credi...

South Korea’s KB Financial Group outperformed its local rivals, posting a record net profit for the first three months of the year as the banking industry’s overall performance was bolstered by a surge in interest and fee revenue, regulatory filings showed Friday. KB’s net income gained 14.4 percent on-year to 1.45 trillion won ($1.17 billion) in the January-March period. Operating income gained...

...ay losing streak. LG Electronics advanced 2.46 percent to 125,000 won on an upbeat first-quarter earnings forecast. Financials and insurers gathered ground on expectations for high interest rates. KB Financial Group surged 2.41 percent 59,600 won, and Samsung Life advanced 1.86 percent to 65,700 won. Auto shares also grew on bargain hunting. Top automaker Hyundai Motor rose 1.70 percent to 179,500 wo...

...inimum 10,000 won ($8.21) to a maximum 100 million won to start the trust. Hana’s industry rival, KB Kookmin, is a forerunner in the trust fund market, launching the nation’s first pet trust in July ... are 14.48 million out of some 50 million Koreans who have pets, according to a report compiled by KB Financial Group last year. KB Kookmin also has several trust funds focused on inheritance and cat...

...plan for either of the affiliates in the process of the IPOs, each prospectus showed. Instead, financial investors will relish a partial exit opportunity. Macquarie Korea Asset Management, a minorit...A Macquarie subsidiary currently holds a 36.87 percent stake in SK Shieldus. As for One Store, a group of minority shareholders led by Seoul-based SKS Private Equity and Kiwoom Investment looks to fl...

..." said Eugene Investment & Securities analyst Huh Jae-hwan. Top cap Samsung Electronics lost 0.43 percent to 69,600 won, while battery giant LG Energy Solution rose 0.34 percent to 442,000 won. Financial heavyweight KB Financial Group increased 2.17 percent to 61,300 won, and internet bank Kakao Bank gained 2.58 percent to 51,600 won. Internet portal operator Naver climbed 0.44 percent to 340,500 won, while leadi...

...ear in terms of the combined size of the accounts held by five major crypto exchanges, watchdog Financial Supervisory Service data submitted to a lawmaker here showed Thursday. Of the total, investors...services. But they have been nonetheless actively seeking to get a foot in the door. Shinhan Financial Group is currently reviewing investment in Korbit, for which it has been providing real-name a...

South Korean shares opened higher Thursday, buoyed by financial and tech advances, despite overnight falls on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) had increased 9.89 ...p cap Samsung Electronics traded flat, and battery giant LG Energy Solution grew 0.45 percent. Financial heavyweight KB Financial Group increased 1.17 percent, and mobile messenger operator Kakao cli...

Efforts by KB Financial Group union members to get an outside director recommended by them fell through for the fifth time on Friday, with the majority of the banking group’s shareholders voting against the plan. The proposal by the union members and KB’s group of employee shareholders – which owns a combined 1.73 percent stake in the firm – to push former Export-Import Bank of Korea Vice Presid...

...kuk Steel soared 4.93 percent to 18,100 won. Financials also ended in positive terrain amid expectations for higher interest rates and the easing of lending regulations by the incoming government. KB Financial Group jumped 4.27 percent to 61,100 won, and Kakao Bank advanced 2.75 percent to 52,300 won. Tech blue chips ended mixed. Market bellwether Samsung Electronics rose 0.28 percent to 70,500 won, ...

...ound, with steel and financials leading the overall gains. Market bellwether Samsung Electronics advanced 1 percent, and leading carmaker Hyundai Motor jumped 1.44 percent. No. 1 steelmaker Posco Holdings spiked 3.58 percent, and KB Financial Group climbed 2.39 percent. The local currency was trading at 1,214.20 won against the US dollar, down 3.9 won from the previous session's close. (Yonhap)

...d frequent rejections compared to Korean customers. But they have recently started to acknowledge that foreigners here could diversify their revenue sources. At the vanguard of the change is JB Financial Group, a more regional business compared to the four major commercial banking groups here -- KB, Shinhan, Hana and Woori -- but nonetheless has a strong network across the nation and overseas. The grou...