KB Financial Group said Monday that its wine collection using its character design won the Red Dot Award for Brands and Communication Design. The character design, which the firm created to boost its image as a friendly bank open to ordinary Koreans, is aimed at raising domestic wine sales amid the pandemic when small business owners face greater economic challenges, the firm added. “We are gra...

... customers to reevaluate their credit scores to cut the interest rates they pay on their loans, Financial Supervisory Service data released by a lawmaker here showed. Last year’s acceptance rate was ...profit for the first half of the year, backed by a sharp increase in interest income. For example, KB Kookmin’s holding entity KB Financial Group’s net profit came to 2.77 trillion won in the cited pe...

...hike in the benchmark interest rate. "The US economy contracted in the second quarter, but the financial market interpreted it as a sign that the Fed may soften its monetary tightening. US advances b...percent to 97,900 won. Bio heavyweight Samsung Biologics grew 0.23 percent to 865,000 won, and financial heavyweight KB Financial Group increased 1.68 percent to 48,450 won. Battery giant LG Energy S...

Major financial groups in South Korea have seen their assets almost double over the past decade on the back of their push for business expansion, data showed Wednesday. The country's eight financial...21, up 95 percent from 2012, according to the data from corporate tracker CEO Score. The eight financial groups are KB, Shinhan, Hana, Woori, NH Nonghyup, Mirae Asset, Meritz and Korea Investment Hol...

South Korea’s KB Financial Group on Thursday released its annual sustainability report for 2021 sharing its achievements in and insights on environmental, social and corporate governance. The report...o ESG is about humanity’s existence in the future and it must be sustained for the better future,” KB Financial Group Chairman Yoon Jong-kyoo said in a statement. “KB will continue to make efforts to...

.... Major chemical firm LG Chem added 1.11 percent. Internet portal operator Naver surged 3.05 percent, and platform giant Kakao climbed 1.5 percent. But No. 2 chipmaker SK hynix lost 0.98 percent. KB Financial Group also skidded 1.24 percent, and Shinhan Financial Group decreased 0.7 percent. Carmakers also fell, with leading carmaker Hyundai Motor falling 1.06 percent and its smaller affiliate Kia d...

... Major chipmaker SK hynix jumped 2.0 percent to 102,000 won, and Samsung SDI advanced 2.57 percent to 559,000 won. But market behemoth Samsung Electronics fell 0.66 percent to 60,500 won. No. 1 financial group KB Financial soared 4.75 percent to 48,500 won, and Shinhan Financial Group rose 2.75 percent to 35,550 won. Internet portal operator Naver went up 1.03 percent to 246,000 won, and platform giant...

...r Samsung Electronics rose 0.99 percent, and No. 2 chipmaker SK hynix advanced 2.5 percent. Major chemical firm LG Chem surged 4.41 percent, and battery giant LG Energy Solution grew 1.31 percent. KB Financial Group soared 4.32 percent, and Shinhan Financial Group climbed 3.03 percent. Carmakers also rose. Leading carmaker Hyundai Motor increased 0.80 percent, and its smaller affiliate Kia inched up ...

...filiated Kia added 1.26 percent to 80,100 won. Internet portal operator Naver spiked 6.71 percent to 246,500 won, and platform giant Kakao climbed 3.85 percent to 72,800 won. Financials also rose. KB Financial Group soared 4.77 percent to 46,150 won, and Shinhan Financial Group advanced 3.74 percent to 34,650 won. But leading bio stocks fell, with Samsung Biologics sliding 0.86 percent to 810,000 won...

KB Financial Group Chairman Yoon Jong-kyoo said Friday that he would better serve customers by giving them what they need amid worsening inflation pushing up interest rates, at a biannual meeting with executives held in-person for the first time since January 2020. “The mission of financial institutions like us is to offer protection to clients, like having whatever they have with us stay unharm...

KB Kookmin Bank, South Korea’s top lender said Wednesday that it will join other financial institutions in a $6.6 billion syndicated loan package to finance the John F. Kennedy International Airport’...Kookmin will contribute $300 million of the $6.6 billion loan, alongside Japan’s Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corp. and Dutch financial giant ING Bank. KB said the airport ...

...s trading at a multiple that is equal to 10 times earnings. “Given a downside risk to the 2023 financial year earnings estimation amid macro headwinds including prolonged inflationary pressure, howev...their forecast for Kospi this week, painting a bleaker picture compared with those of global IBs. KB Securities, the brokerage unit under the nation’s No.1 banking group by total assets, now projects...

KB Financial Group Chairman Yoon Jong-kyoo and Tomas Anker Christensen, Denmark’s ambassador for climate change, discussed the role of the financial sector in achieving carbon neutrality, officials said Friday. In the meeting held Thursday, Yoon explained KB’s efforts in promoting awareness of a low-carbon economy and shifting the group’s strategy in line with carbon neutrality. KB is currently ...

...ap Samsung Electronics lost 0.31 percent to 65,300 won, while No. 2 chipmaker SK hynix increased 1.92 percent to 106,000 won. Leading chemical firm LG Chem jumped 4.5 percent to 581,000 won, and financial heavyweight KB Financial Group closed unchanged at 57,400 won. Top automaker Hyundai Motor retreated 0.27 percent to 183,000 won, and internet portal operator Naver finished unchanged at 278,000 won. The local c...

... rose 0.8 percent, on a technical rebound. In Seoul, top cap Samsung Electronics added 0.31 percent, and No. 2 chipmaker SK hynix increased 1.92 percent. Leading chemical firm LG Chem grew 2.16 percent, while financial heavyweight KB Financial Group slipped 0.17 percent. The local currency was trading at 1,253.85 won against the US dollar, up 3.85 won from the previous session's close. (Yonhap)