...worth of local shares, offsetting a net sale of 144.1 billion won by institutions. "The Korean financial market was slightly weak due to a less-than-expected hawkish stance by the US Federal Reserve,...zinc smelter Korea Zinc dropped 0.76 percent to 460,000 won. Bank shares were negative as Hana Financial Group decreased 2.9 percent to 57,000 won, and KB Financial Group slid 4.37 percent to 72,300 ...

KB Financial Group Chairman Yang Jong-hee (front row, fourth from left), KB Kookmin Bank CEO Lee Jae-keun (second row, second from left), KB Securities co-CEOs Kim Seong-hyun (front row; seventh from left) and Lee Hong-ku (second row; fifth from left), along with actress Lee Young-ae (front row; third from left), pose for a photo during the inauguration ceremony for the second branch of "KB Gold&...

More than 250 startup companies have joined KB Financial Group’s accelerator program over the past 10 years to scale up businesses into unicorns in the fintech industry. KB Financial Group held an event on Tuesday marking the 10th anniversary of the KB Innovation HUB Center, the first organization dedicated to fostering and supporting startups in the financial sector. Since KB Innovation HUB Ce...

...orted that the average capital adequacy ratio, or Common Equity Tier 1, among five major Korean financial groups -- KB, Shinhan, Hana, Woori, and NongHyup -- was 12.8 percent in the first quarter of t...ilings. Despite having the largest compensation reserve among the five, totaling 862 billion won, KB Financial Group maintained the highest CET1 ratio at 13.4 percent. This figure reflects a gradual ...

...op stages, you might be surprised to see so many Koreans on the street with voluminous, perfectly styled hair. The secret may lie in Korean hair salons, or rather, in their abundance. According to KB Financial Group's Management Research Institute, the number of hair salons in Korea, including barber shops, surpassed 110,000, as of September 2020. This translates into 21.3 salons per 10,000 people. T...

...ch Ratings, said in an interview with The Korea Herald in Seoul on Thursday. In March, Korea's Financial Supervisory Service advised banks to partly compensate for the investors’ losses incurred from...ash distribution schemes),” he said. Despite the strong intervention, Korea's top four lenders -- KB, Shinhan, Hana and Woori -- are all placed on the sixth-highest “A” level on the 20-notch of Fitch...

SEOUL, South Korea , April 26, 2024 /PRNewswire/ -- On April 26, 2024 , KB Financial Group Inc. filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securiti...iaries including KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, KB Life Insurance, KB Asset Management, KB Capital, KB Real Estate Trust, KB Savings Bank, KB Investment, and KB Data Sy...

Korea’s top finance firms -- KB, Shinhan, Hana, Woori and NongHhyup -- have set aside a total of nearly 1.7 trillion won ($1.2 billion) in reserve for the compensation of losses related to the missel...ity-linked securities products tracking the Hang Seng China Enterprises Index in Hong Kong. While KB Financial Group, the top seller of the ELS products, set aside 862 billion won to cover the compen...

... in 2023 remained the same as 2022 with the French bulldog, Labrador retriever, golden retriever, German shepherd and the poodle in the same order. This is in stark contrast to the most popular dog breeds in Korea. According to the KB Financial Group Management Research Institute, the most popular dog breeds in Korea are the Maltese, the poodle, native mixed breeds, the pomeranian and the Jindo.

... percent. Top automaker Hyundai Motor dropped 0.83 percent, its smaller affiliate Kia retreated 1.43 percent, and its auto parts making affiliate Hyundai Mobis plunged 3.78 percent. Battery and financial shares also lost ground. Leading battery maker LG Energy Solution dipped 0.53 percent, Samsung SDI went down 0.74 percent, and Posco Future M pulled back 1.42 percent. KB Financial Group, Shinhan Financial Group and Hana Financial Group tumbled 3.22 percent, 1.97 percent and 3.79 percent, respectively. Internet portal operator Naver and chemical producer LG Chem wer...

...ttery shares were mixed. Leader LG Energy Solution moved up 1.6 percent to 380,000 won and Posco Future M 0.89 percent to 282,500 won, but Samsung SDI dropped 0.85 percent to 407,500 won. IT and financial shares went south. Internet portal operator Naver sank 2.86 percent to 183,600 won, and Kakao, the operator of the country's top mobile messenger, slid 2.44 percent to 48,050 won. KB Financial Group and Shinhan Financial Group both lost more than 1.1 percent to close at 68,300 won and 43,100 won, respectively. Samsung Life Insurance plunged 5.03 percent to 85,000 won. The local...

.... Top automaker Hyundai Motor lost 1.32 percent, and its smaller affiliate Kia dropped 1.11 percent. Bio giant Samsung Biologics slid 2.24 percent, and Celltrion retreated 1.54 percent. IT and financial shares took a big blow. Internet operator Naver went down 2.38 percent, and Kakao, the operator of the country's top mobile messenger, decreased 2.54 percent. KB Financial Group, Shinhan Financial Group and Hana Financial Group dropped 4.78 percent, 3.44 percent and 4.13 percent, respectively. Samsung C&T plummeted 6.63 percent. But battery maker Samsung S...

... 232,500 won, and its smaller affiliate Kia soared 3.33 percent to 108,500 won. Bio giant Samsung Biologics gained 0.25 percent to 815,000 won, and Celltrion shot up 6.2 percent to 188,500 won. Financial shares also gained ground, with KB Financial Group up 0.29 percent to 69,300 won, Shinhan Financial Group up 0.68 percent to 44,400 won, and Hana Financial Group up 2.42 percent to 59,200 won. But battery shares were mixed. Leading battery maker LG Energy Solution dropped 0.8 percent to 373,...

..., pledged to launch tax benefits for pet owners, which would see them receive a portion of their veterinary bill back through year-end tax settlements. The pet-orientated pledges ahead of the election come as pet ownership in South Korea has climbed over the years, with an estimated 15 million people, or 1 in 4 Koreans, owning a pet as of end-2021, according to data by KB Financial Group in 2022.

South Korean financial groups have undergone a transition in their board composition, indicating governance changes centering on gender diversity and internal control. Given that a financial holding...held in March, the number of female board directors at Korea’s four major bank holding companies – KB Financial Group, Shinhan Financial Group, Hana Financial Group and Woori Financial Group -- increa...