KB Financial Group takes big stake of Hyundai Securities

Home > Business > Finance

print dictionary print

KB Financial Group takes big stake of Hyundai Securities

KB Financial Group decided to acquire 22.56 percent of Hyundai Securities for 1.25 trillion won ($1.1 billion), the financier announced in a regulatory filing on Tuesday.

The price may change after the financial holding group carries out a field investigation and screenings on business documents, as existing insolvencies and risks in business projects or assets may reduce the price.

The final price will be determined by the end of May, the group said.



More in Finance

Kospi breaks another record as buying spree continues

Samsung Life warned by the FSS about claim denials

Dollar's weakness pushes won to 30-month high

Kospi hits another high on chipmaker optimism

Eight companies agree to share credit card data

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now