SEOUL, Feb. 4 (Korea Bizwire) — According to financial industry watchers on Saturday, KB Kookmin Bank has extended the promotion period for the KB X BTS installment savings account to February 28. BTS, a famous idol group in South Korea, acted as models in promotional materials for the new account. The promotion was expected to [...]
SEOUL, Jan. 23 (Korea Bizwire) — KB Kookmin Bank, a major lender in South Korea, said Wednesday that it has reached a tentative agreement with labor union workers on their wage system and other labor issues. The bank said the management and the union decided to accept an arbitration proposal prepared by the National Labor [...]
SEOUL, Jan. 8 (Korea Bizwire) — Workers at KB Kookmin Bank, South Korea’s leading lender, launched a nationwide strike Tuesday for the first time in 19 years over wage system reforms and bonuses, its labor union said. The one-day walkout started at 9 a.m., as last-minute overnight negotiations between the labor and the management did [...]
SEOUL, Dec. 27 (Korea Bizwire) — Workers at KB Kookmin Bank, a major South Korean lender, will go on a general strike next month for the first time in 19 years, its labor union said Thursday. Around 96 percent of some 12,000 unionized workers voted in favor of the walkout in protest of the management’s [...]
SEOUL, Feb. 5 (Korea Bizwire) – South Korea’s two major banks are suspected of creating lists to give undue hiring favors to the families and acquaintances of influential figures, sources said Sunday. The Financial Supervisory Service (FSS) has recently filed complaints with the prosecution against five banks, including KEB Hana Bank and KB Kookmin Bank, [...]
SEOUL, Oct. 31 (Korea Bizwire) – Sources within the financial industry reported on October 30 that a coalition of major South Korean banks consisting of KB Kookmin Bank, the Korea Exchange Bank and Nonghyup Bank had filed a $230 million suit against U.S. online retailer Newegg Inc and others in a Los Angeles district court [...]
SEOUL, January 30 (Korea Bizwire) – Digital disruption and cutthroat competition are shaking up the banking industry, with thousands of employees making the transition away from financial services jobs that were long considered as some of the most lucrative in Korea. The emergence of the fintech revolution leaves the prospects for the banking industry uncertain. [...]
SEOUL, Sept. 21 (Korea Bizwire) — Loans extended by local banks to individuals for home rentals have spiked over the past five years, market data showed Monday, amid a surge in rental prices driven by record-low interest rates and a shortage of homes for rent. According to the data, loans extended by the six largest [...]
SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s leading online shopping site Interpark said Wednesday it has joined forces with the nation’s top mobile carrier and several other firms to win regulatory approval for running an Internet-only bank. Interpark said its consortium includes SK Telecom, the state-run Industrial Bank of Korea, GS Home Shopping and four [...]
SEOUL, Jun. 4 (Korea Bizwire) — KB Kookmin Bank launched a new OTP (one-time password) generating security card that does not require customers to manually write down generated OTPs. The new ‘Smart OTP Service’ is comprised of a credit card-type OTP generator that only needs to be put near a smartphone to authenticate a trade. [...]