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&Wise the First," KB’s premium banking and asset management brand, in Banpo, south

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 Center’s inception in 2015, the group launched its startup accelerator program, KB Starters

Korean banking groups maintained solid capital adequacy despite significant payouts for consumer compensation due to misselling equity-linked securities tracking a Hong Kong index. Industry sources reported 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 this year, a slight decline from 13 percent in the previous term and 12.9 percent from the same peri

If you thought perfect hair was only possible in Korean dramas or on K-pop 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. To put this in cont

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. Securities and Exchange Commission. The 2023 Annual Report on Form 20-F can be downloaded from www.kbfg.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Investors may request a hard copy of the 2023 Annual Report on Form 20-F, free of charge, by contacting 

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 misselling of equity-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 compensation, NongHyup and Shinhan each allocated 341.6 billion won and 274 billion won.

The French bulldog has been chosen as America’s most popular dog breed for the second year in a row, according to the data collected by the American Kennel Club. The Labrador retriever, which held the top place for 31 years before being dethroned by the French bulldog in 2022, came in at second place once again. The French bulldog has seen a rapid rise in popularity since 2015, when it first entered the top 10 list in 100 years. The top 5 dog breeds in 2023 remained the same as 2022 with

South Korean stocks started lower Friday despite overnight US gains as investors await the Bank of Korea's rate decision later in the day. The benchmark Korea Composite Stock Price Index dropped 16.61 points, or 0.61 percent, to 2,690.35 in the first 15 minutes of trading. Overnight, the Nasdaq Composite jumped 1.7 percent and the S&P 500 rose 0.7 percent on a tech rally, while the Dow Jones Industrial Average was almost flat. Apple soared 4.3 percent, Nvidia surged 4.1 percent, and Amazon c

South Korean stocks ended almost flat Thursday thanks to gains in techs and autos despite higher-than-expected US inflation that dimmed hopes for the Federal Reserve's early rate cuts. The Korean won sharply fell to the lowest point in 17 months against the US dollar. After starting 1.45 percent lower, the benchmark Korea Composite Stock Price Index pared earlier losses by rising 1.8 points, or 0.07 percent, to close at 2,706.96. Trade volume was moderate at 522.4 million shares worth 12.5

South Korean stocks started sharply lower Thursday as higher-than-expected US inflation data poured cold water on investors' hopes for early rate cuts. The benchmark Korea Composite Stock Price Index plunged 39.34 points, or 1.45 percent, to 2,665.82 in the first 15 minutes of trading. Overnight, major US indexes lost ground as the release of a key measure of inflation dashed investors' hopes that the Federal Reserve may start cutting its rates soon. The US' consumer price index f

South Korean stocks ended slightly higher Monday on the back of autos and batteries following stronger-than-expected US jobs data. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 3.44 points, or 0.13 percent, to 2,717.65. Trade volume was moderate at 611.2 million shares worth 10.36 trillion won ($7.6 billion), with decliners outpacing gainers 590 to 277. Foreigners bought 207.6 billion won worth of local shares, while retail investors and instit

Several candidates running for the April 10 general election have rolled out pledges to attract votes from pet owners in recent weeks, including tax benefits and setting up pet-friendly systems and facilities. Main opposition Democratic Party of Korea Rep. Kim Byung-wook, who is running for the Bundang-B constituency -- one of the two constituencies in the Bundang district located in Seoul's satellite city of Seongnam -- sees pet owners as key voters. Kim pledged to build a budget pet hotel

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 company’s board is the ultimate decision-making body engaging in establishing management strategies and budget planning for itself and its affiliated banking and securities units, the changes give a glimpse of the future direction that the groups are pursuing. Here are the key takeaways from

- GLN has expanded its QR payment network to the Philippines through a strategic partnership with Asia United Bank (AUB). - Under the agreement, tourists to the Philippines will be able to pay seamlessly at QRPh merchants, a national QR payment network operated in the country, using the digital wallets in GLN's network. - GLN's payment network now includes seven countries and regions in Southeast Asia: Thailand, Taiwan, Singapore, Vietnam, Laos, and Cambodia, and the Philippines. SEOUL, So

South Korean stocks declined for the second straight session Monday as investors sought to cash in recent gains. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 10.99 points, or 0.4 percent, to close at 2,737.57. Trade volume was moderate at 479.9 million shares worth 9.78 trillion won ($7.23 billion), with losers outnumbering winners 527 to 336. Foreigners and institutions led the drop, dumping a combined 331.6 billion won worth of local share