KB Kookmin Archives | Be Korea-savvy
KB Kookmin Buys Additional 30 pct Stake in Cambodian Microfinance Unit

KB Kookmin Buys Additional 30 pct Stake in Cambodian Microfinance Unit

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 [...]

New CEO: KB Kookmin to Go Digital, No Drastic Reduction Ahead

New CEO: KB Kookmin to Go Digital, No Drastic Reduction Ahead

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, [...]

KB Kookmin-MasterCard to Introduce Virtual Card No. Scheme for Overseas Online Shoppers

KB Kookmin-MasterCard to Introduce Virtual Card No. Scheme for Overseas Online Shoppers

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 [...]