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 [...]