50th Anniversary
KB Kookmin Bank announced that KB Bukopin, a subsidiary of KB Kookmin Bank in Indonesia, signed a memorandum of understanding (MOU) with local energy company Indika Energy Group to rev up electric vehicle ecosystems in Indonesia.
Established in 1970, KB Bukopin has a history of more than 50 years and is a medium-sized bank ranking 19th in terms of assets among 115 commercial banks in Indonesia. In 2022, the bank earned the de facto top rating of 2 in the Risk Based Banking Rating (RBBR) by Indonesia’s local financial regulator, OJK.
The Indika Group is a conglomerate of 13 subsidiaries, including logistics and capital, centered around Indika Energy, a company listed on the Indonesian stock market.
The signing ceremony took place at the St. Regis Hotel in Jakarta, Indonesia, as an official event of K-Finance Week In Indonesia 2023 held in honor of the 50th anniversary of diplomatic relations between Korea and Indonesia.
The signing ceremony was attended by, among others, Lee Bok-hyun, governor of the Financial Supervisory Service, and Lee Jae-keun, president of KB Kookmin Bank representing Korea, and Arsjad Rasjid, president director of Indika Energy Group from the Indonesian side.