Lee Bok-hyun, chief of the Financial Supervisory Service, on Thursday emphasized the importance of the financial authority participating in international investor relations events in enhancing the global presence of Korean financial firms. “We will continue to support the Korean financial group’s global expansion (over the next year),” Lee said at a press conference held Thursday to mark his fir...

...r Hyundai Motor advanced 0.98 percent to 206,500 won and its auto parts affiliate Hyundai Mobis went up 2.69 percent to 229,000 won. Banking and retail sectors were also in positive territory, with KB Financial Group rising 1.33 percent to 49,500 won and leading retailer Lotte Shopping climbing 1.36 percent to 82,200 won. But pharmaceutical firms went south as SK Bioscience fell 1.78 percent to 77,400...

KB Financial Group Chairman Yoon Jong-kyoo said the banking group has been preparing for potential insolvency risks in project financing in the Korean real estate market by increasing its reserve hol...Financial Group had the largest exposure among the four at 11 trillion won, followed by Shinhan Financial Group at 8.8 trillion won, Hana Financial Group at 7.9 trillion won, and Woori Financial Group...

...pected to affect the Federal Reserve's next steps. In Seoul, market heavyweights fell as tech giant Samsung Electronics lost 0.91 percent and top automaker Hyundai Motor retreated 1.23 percent. Financial shares also lost ground, with KB Financial Group sinking 0.71 percent and Hana Financial Group sliding 0.71 percent. But refinery and battery sectors trended higher. SK Innovation rose 2.22 percent and leading battery producer LG ...

KB Financial Group hosted its "Cocktail Reception" on Thursday at the Sheraton Grand Incheon with key players in the global financial industry. The event showcased the Korean company's businesses and...arate business meetings with KB Financial Group executives. Prior to the reception, KB Financial Group's Chairman Yoon and key executives of the group met with representatives from six global financi...

KB Financial Group announced Tuesday that it will host an event on Thursday to invite key figures in the global financial industry to present its businesses and growth strategies while looking for co...romote Korea Premium in the financial sector by holding overseas investor relations, KB Financial Group is also striving to enhance the status of Korea's finance," an official from KB Financial Group ...

All four major financial holding companies in Korea have increased their loan loss reserves during the first quarter of this year. Despite this, KB Financial Group, Woori Financial Group, Hana Financial Group and Shinhan Financial Group have managed to report an improvement in net profit during this period. KB's loan loss reserves in the January-March period were 668.2 billion won, surging dram...

SEOUL, South Korea , April 26, 2023 /PRNewswire/ -- On April 26, 2023 , KB Financial Group Inc. filed its Annual Report on Form 20-F for the year ended December 31, 2022 with the U.S. Securiti... KB Securities, KB Insurance, KB Kookmin Card, KB Life Insurance, KB Asset Management, KB Capital, KB Real Estate Trust, KB Savings Bank, KB Investment, KB Data Systems and KB Credit Information. Thro...

Meritz Financial Group on Tuesday completed the process of incorporating its nonlife insurance and brokerage affiliates into the group, making it the third-largest financial conglomerate in Korea. After the consolidation, the group's market capitalization is expected to extend to over 9 trillion won ($6.73 billion). Only KB Financial Group (19.85 trillion won) and Hana Financial Group (12.31 tri...

... Kia advanced 3.26 percent to 85,400 won. Hyundai Mobis, an auto parts affiliate of Hyundai Motor Group, went up 0.89 percent to 227,000 won. Posco Future M, steel giant Posco Holding's components-ma... 8.38 percent to 414,000 won, continuing its recent winning streak on rosy business prospects. Financial stocks also helped support the index, with major banking firm KB Financial adding 2.17 percent...

KB Financial Group said Thursday that it has signed a memorandum of understanding with the nation’s two leading law firms, Sejong and Taepyeongyang, to offer upgraded legal consulting services to cus...KB Securities’ headquarters in Yeouido, western Seoul, on Wednesday, with top executives including KB Financial Group’s senior managing director in wealth management and pension business unit Choi Jae...

...hn said. “In the second half of this year, the BOK will keep its focus on the slow economy and financial instability.” Others are sure of a rate freeze throughout the year, yet remain uncertain abou...tep back in its aggressive monetary tightening policy last month with a 25 basis point raise. CME Group's FedWatch Tool indicated a 69.5 percent chance the Fed will raise rates by a quarter point next...

KB Financial Group has announced on Thursday that it will host a debate competition for university students called the 2023 KB Solveathon in July. The term "solveathon" is a combination of the English words "solve" and "marathon," according to KB Financial Group. Similar to a marathon that requires runners to complete a 42-kilometer route, the debate competition requires participants to engage ...

...ion) will be a tough process, but I want you know that Korea and Busan are ready for it,” said SK Group Chairman Chey Tae-won, who serves as co-chair of the bidding committee and is also the chairman ...World Expo, infrastructure facilities such as sites and transportation, accommodation measures, financial plans and expected number of exhibition participants and visitors. Boston Dynamics' four-legg...

KB Financial Group announced Wednesday that it earned the title of the first and only Korean financial firm to receive the top AAA rating on the 2022 MSCI ESG Index -- an index organized by Morgan Stanley Capital International which evaluates companies based on their environmental, social and governance performance. The MSCI ESG Index measures a company’s management of long-term, financially rel...