South Korean financial giant KB Financial Group hopes to become a company that can have a good influence on the community, its chairman said Friday. “We will all make efforts to become a purpose-driven firm that has a positive influence on the community,” Chairman Yoon Jong-kyoo said at the group’s strategy meeting held at a Seoul hotel under the title "Toward the Future.” The meeting was held to discuss management strategies for the latter half of 2023 to seek cha

KB Financial Group Chairman Yoon Jong-kyoo said Tuesday he is joining the "Zero Disposables Challenge," a campaign launched by the Minister of Environment Han Hwa-jin in February to encourage using more reusable products than disposables. The KB chief encouraged the public to join forces, saying "Even small actions that consider the environment can be widespread."

KB Financial Group Chairman Yoon Jong-kyoo (fourth from right, third row) on Thursday poses for photos with Korean and Indonesian university students who are competing in the 2023 KB Solveathon debate competition, held at the KB Insurance Ingenium Suwon building in Suwon, Gyeonggi Province. During the competition, participants engage in presentations and debates for around 42 hours to discover the best solution for the future of finance. The final round takes place in Seoul on July 13.

South Korean stocks closed lower Wednesday with investors waiting for the release of the minutes of the US Federal Open Market Committee's June meeting this week. The local currency rose against the US dollar. After starting marginally higher, the benchmark Korea Composite Stock Price Index sank 14.31 points, or 0.55 percent, to close at 2,579.00. Trading volume was moderate at 589.2 million shares worth 10.05 trillion won ($7.7 billion), with decliners outnumbering gainers 632 to 243. Fore

South Korean stocks turned a tad lower after starting marginally higher on Wednesday ahead of the release of China's purchasing managers' index. The benchmark Korea Composite Stock Price Index fell 2.17 points, or 0.08 percent, to 2,591.14 in the first 15 minutes of trading. Wall Street was closed Tuesday for the Independence Day holiday. Later in the day, China is set to release the Caixin purchasing managers' index. In Seoul, most large-cap shares opened in negative terrain. Mar

South Korean stocks closed lower Tuesday as investors sought to cash in recent gains. The local currency rose against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index sank 9.16 points, or 0.35 percent, to close at 2,593.31. Trading volume was moderate at 662.9 million shares worth 9.02 trillion won ($6.93 billion), with decliners outnumbering gainers 586 to 292. Foreigners and institutions sold off a net 345.4 billion won worth of stocks, while retail investor

South Korean stocks closed higher Friday after the country's economic data showed improvement in industrial output, private spending and facility investment. The benchmark Korea Composite Stock Price Index climbed 14.26 points, or 0.56 percent, to 2,564.28. Trading volume was moderate at 498.9 million shares worth 8.04 trillion won ($6.1 billion) with gainers outstripping decliners 612 to 260. The index opened lower on losses of large-cap tech stocks and investors' woes over expectatio

KB Financial Group is hosting a networking event in Korea from Monday to Friday this week with 106 selected employees from overseas. The employees are from the group's five subsidiaries -- KB Bank, KB Securities, KB Insurance, KB Kookmin Card, and KB Capital -- based in 14 different countries. The invited employees are participating in programs including town hall meetings with the chairman, special meetings organized by each subsidiary and Korean cultural experience programs. In partic

KB Financial Group, the leading financial services provider in South Korea, said Sunday it has signed a memorandum of understanding with Japanese insurance giant Sompo Holdings with an aim to facilitate collaboration in developing customized nursing care services. The signing ceremony was held at Sampo’s headquarters in Tokyo on Thursday, with KB Financial Chairman Yoon Jong-kyoo and Sampo Holdings Chairman Sakurada Knego in attendance. Sompo Holdings is Japan's largest insurance grou

KB Financial Group said Wednesday that Chairman Yoon Jong-kyoo stressed the role of finance in achieving a net-zero transition at a meeting of the Asia-Pacific Advisory Board of the Glasgow Financial Alliance for Net Zero, or GFANZ, held in Singapore on Monday. The GFANZ is an alliance of over 550 financial institutions from 50 countries. Established in April 2021, the coalition aims to promote a net-zero economy and tackle climate change. Its Asian advisory committee was also set up in June las

Lee Bok-hyun, chief of the Financial Supervisory Service, on Thursday emphasized the importance of the financial authority participating in international investor relations events in enhancing the global presence of Korean financial firms. “We will continue to support the Korean financial group’s global expansion (over the next year),” Lee said at a press conference held Thursday to mark his first year in office. As the FSS head, Lee made an exceptional move by participatin

South Korean stocks rose to an over two-week high Thursday as investor sentiment was buoyed by rising hopes that Washington would reach a deal on the debt ceiling. The Korean won gained ground against the greenback. The benchmark Korea Composite Stock Price Index rose 20.74 points, or 0.83 percent, to finish at 2,515.4. It is the highest closing point since 2,524.39 on May 2. Trading volume was moderate at 558.3 million shares worth 7.64 trillion won ($5.72 billion), with winners far outnumberin

KB Financial Group Chairman Yoon Jong-kyoo said the banking group has been preparing for potential insolvency risks in project financing in the Korean real estate market by increasing its reserve holdings during a global investor relations event held in Singapore on Tuesday. During the "Invest K-Finance: Singapore IR 2023" event, many global investors voiced concern over the rising risks in the real estate project financing market in Korea. The loan exposure of four major Korean fina

South Korean stocks opened a tad lower Tuesday as Wall Street ended mixed ahead of key US inflation data. The benchmark Korea Composite Stock Price Index slipped 5.59 points, or 0.22 percent, to 2,507.62 in the first 15 minutes of trading. On Wall Street, the Dow Jones Industrial Average closed down 0.17 percent and the Nasdaq Composite added 0.18 percent as investors awaited consumer price data slated for Wednesday, which is expected to affect the Federal Reserve's next steps. In Seoul, ma

KB Financial Group hosted its "Cocktail Reception" on Thursday at the Sheraton Grand Incheon with key players in the global financial industry. The event showcased the Korean company's businesses and growth strategies while exploring potential opportunities for collaboration. The reception also served to commemorate the 56th Annual Meeting of the Asian Development Bank, which took place in Incheon last week. Seventy KB Financial Group executives, including Chairman Yoon Jong-kyoo