KB Kookmin Bank announced on March 17 that it has signed a memorandum of understanding (MOU) with Pi Pay, a leading mobile payment platform in Cambodia, at KB Bank Cambodia’s office in Phnom Penh, Cambodia,.Pi Pay, launched in 2017, is Cambodia’s largest mobile payment fintech company with 250,000 u
KB Kookmin Bank announced on March 13 that it has invested US$20 million (22.65 billion won) in a foreign equity fund specializing in investing in global aircraft makers.The aircraft finance market has been growing steadily thanks to an increase in air passengers and air freight, and it is a market
KB Kookmin Bank has issued global covered bonds for the third time this year. However, it was the bank’s first private placement of bonds.According to investment banking (IB) industry sources on Dec. 12, KB Kookmin Bank issued US$100 million (112.9 billion won) worth of private covered bonds oversea
KB Kookmin Bank announced on Oct. 16 that it has sold more than 120,000 savings plans endorsed by South Korea's popular boy band BTS in just three months since its launch.The “KB X BTS” savings plan, which was released on June 21, is 124,486 units sold as of Oct. 9, with the balance amounting to
KB Kookmin Bank announced on August 17 that it has launched a service enabling Indonesians working in South Korea to directly wire their money in rupiah to their home country accounts.Previously, they were only able to send money after exchanging Korean won to U.S. dollars. The bank only allowed the
KB Kookmin Bank announced on July 2 that it signed a contract to acquire new shares to be issued by Bank Bukopin, an Indonesian bank specializing in retail banking.The Indonesian bank will grant the Korean bank a preemptive right to purchase new shares on July 12 and increase capital after a two-wee
KB Kookmin Bank is expanding global projects based on its sharpened competitiveness in strategic business areas such as corporate and investment banking (CIB), consumer finance and digital banking.The bank has nurtured talent in these areas to stay on top of the new trends in the financial industry,
KB Kookmin Bank announced on May 28 that the bank successfully raised project finance in a deal to take over a US gas-fired power plant for US$100 million.KB Kookmin Bank took part as an investor in a project to raise a total of US$810 million for the acquisition of power plants by the Starwood Ener