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KB Financial Group on Wednesday said its 2024 net income soared 11 percent from a year earlier, marking the sector's highest of over 5 trillion won, on the back of increased interest income.
KB Kookmin Bank is pulling out from New Zealand, citing a “strategic review” of the country’s financial market condition.
KB Kookmin Bank officials pose for a photo during an opening ceremony at its Pune branch in India on Oct. 16.
KB Kookmin Bank and Hana Bank have increased interest rates on household loans.
Yang Jong-hee, Chairman of KB Financial Group, met with former Cambodian Prime Minister Hun Sen to discuss cooperation in digital finance.
Financial Supervisory Service Gov. Lee Bok-hyun apologized for sowing confusion with mixed signals about loan regulations, and stressed self-regulation by banks in loan issuance.
KB Financial Group reported net profit of $764.5 million, a 30.5 percent drop for the first quarter, due largely to the payout of compensation for losses from Hong Kong-tied ELS.
A series of embezzlement and breach of trust cases among several banks has sparked concern about the financial sector's internal control capabilities.
KB Kookmin Bank is launching a welfare program that will allow employees to take a three-year retirement in order to care for their children while still being eligible for their previous title and salary upon returning.
KB Financial Group reported a Q3 net profit of 1.34 trillion won ($999.2 million), down 1.3 percent on-year. Operating profit, however, increased by 12.6 percent.
Korea JoongAng Daily Sitemap