All posts tagged KB Financial
KB Financial says JV with ICBC not decided
KB Financial, the listed South Korean financial holding, announced that it has not decided on a joint venture with listed Chinese peer ICBC as yet. The statement was released in relation to a news report that …
New York Life Insurance to sell Asian subsidiaries
New York Life Insurance has mandated Deutsche Bank as financial advisor to sell its Asian subsidiaries, reported E-Today. The report, which cited industry sources, stated that the unlisted New York-based insurance
KB Financial Group CEO: We will not bid for Woori
KB Financial Group will not participate in the looming auction of the government-held stake in Woori Finance Holdings Co., its CEO said Monday, the Korea Herald reported. “KB, currently
KB Financial president-nominee seeks diversification
The nominee for president of KB Financial would consider buying only the non-banking unit of Woori Finance, not the whole group, reported the Seoul Economic Daily. The report cited
Korean ‘mega-bank’ debate reopens
The soon to be appointed new head of KB Financial, has reignited speculation on the government's plan to create a Korean 'mega-bank', at a time when other global
Shinhan, Hana, KDB unlikely to make play for Korea Exchange Bank
South Korean financial firms Shinhan and Hana, and the state-run Korea Development Bank are unlikely to make an acquisition play for Lone Star's 51% stake in Korea
KB Financial unlikely to submit preliminary proposal for KEB
KB Financial, the listed South Korean financial firm, is unlikely to submit a preliminary proposal to acquire Lone Star's 51% stake in lender Korea Exchange Bank, reported Edaily. The
Lone Star KEB Update: Potential buyers not in position to acquire
The sale of Korea Exchange Bank by Lone Star may take a relatively long time to succeed, Edaily reported, citing market sources. The article cites Lee Go-Eun, an analyst
Woori Privatization Update: Hana still evaluating merger
Hana Financial, is still evaluating a proposed merger with Woori Finance, Money Today reported (Korean), citing Hana CEO Kim Jong-yeol. The report cited Kim as telling a press conference
Woori Privatization Update: KB Financial possible merger candidate
South Korean KB Financial was mentioned as a merger candidate for the privatisation of peer Woori Finance, reported the Korea Economic Daily here (Korean). The
