KEB Capital announces new name, refocused business

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KEB Capital announces new name, refocused business

KEB Capital, an affiliate of Korea Exchange Bank (KEB), said yesterday it has changed its name and business focus.

The financial company at its shareholders meeting said the company’s new name is KEB F&I, which stands for finance and investment.

In addition, its business will now involve investing in nonperforming loans (NPL) as well as mortgage-backed securities and asset management.

Lee Sang-sik, who joined KEB in 1982, will succeed CEO Kim Han-jo, who has been appointed KEB president.

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