SEOUL, Nov. 21 (Korea Bizwire) — KB Kookmin Bank, one of South Korea’s major lenders, has decided to suspend new household loans for home purchases for the rest of 2025 amid government efforts to cool an overheated property market and curb household lending, officials said Friday. New applications for mortgage loans for home purchases will [...]
SEOUL, Oct. 20 (Korea Bizwire) — Major South Korean lender KB Kookmin Bank said Wednesday it has acquired an additional 30 percent stake in its Cambodian microfinance unit. The stake purchase came after KB Kookmin took over a 70 percent stake in Prasac Microfinance Institution Ltd. in Cambodia for US$603 million in April 2020. With [...]
SEOUL, Nov. 21 (Korea Bizwire) – KB Kookmin Bank, South Korea’s largest retail lender, will focus on providing customized services to the public without drastic job cuts or sharply reducing the number of outlets, the lender’s new president said Tuesday. After integrating some redundant branches, KB Kookmin Bank currently operates 1,061 outlets in South Korea, [...]
SEOUL, April 8 (Korea Bizwire) — The number of foreign customers at the seven major banks in Korea has surpassed 5 million for the first time. According to bank industry representatives on April 7, the number of non-Korean customers at KB Kookmin, KEB, Hana, Nonghyup, Shinhan, Woori and IBK reached 5.48 million last year, which [...]
SEOUL, Sep. 26 (Korea Bizwire) — KB Kookmin Card will introduce a virtual credit card number scheme for those shopping in overseas retail sites such as Amazon.com. On September 25, KB Kookmin Card said that it would unveil the “SecurePay” service, in partnership with MasterCard, that would protects users from personal information theft. The service gives out a [...]