SEOUL, Sept. 3 (Korea Bizwire) — KB Kookmin Bank, South Korea’s largest retail lender, introduced a new service for so-called ‘untact’ (contactless) donations on Wednesday. The ‘Digital Donations’ service enables individuals and groups to manage donations without in-person contact. The service will first be introduced to churches as a way for parishioners to make their [...]
SEOUL, Sept. 10 (Korea Bizwire) — One of Korea’s largest banks is seeking to innovate its work environment through a new flexible work-hour system. KB Kookmin Bank has been running a “KB Digital Office” system since mid-August that has enabled employees to call it a day from wherever their last meeting is, according to financial [...]
SEOUL, Apr. 15 (Korea Bizwire) — South Korean lender KB Kookmin Bank has introduced a new service that allows customers to make withdrawals through hand recognition, instead of having to use a bankbook, stamp or password. The bank announced on Sunday that customers will now be able to make withdrawals at the counter using palm [...]
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. [...]