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KB Kookmin Bank Partners Up with KOICA
Overseas CSR
KB Kookmin Bank Partners Up with KOICA
  • By Jung Suk-yee
  • February 19, 2016, 02:45
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KB Kookmin Bank CEO Yoon Jong-kyoo (left) poses with Korea International Cooperation Agency (KOICA) President Kim Young-mok.
KB Kookmin Bank CEO Yoon Jong-kyoo (left) poses with Korea International Cooperation Agency (KOICA) President Kim Young-mok.

 

KB Kookmin Bank (CEO Yoon Jong-kyoo) said it has signed a memorandum of understanding (MOU) with International Cooperation Agency (KOICA) on Feb. 18 to effectively carry out various development projects and corporate social responsibility (CSR) activities in developing countries.

KB Kookmin Bank CEO Yoon Jong-kyoo and KOCA President Kim Young-mok participated in the MOU signing ceremony held at KOICA headquarters in Seongnam, Gyeonggi Province.

Under the agreement, KB Kookmin Bank, which has expertise in the investment finance sector, will act as the financial advisor for the KOICA’s infrastructure projects, such as airport, road and railroad, in developing countries, and use the know-how for housing finance in the KOICA’s housing construction and city development projects.

Moreover, the two companies will provide financial education programs to residents in the rural development regions, like the Saemaul Movement, also known as the New Village Movement, along with various CRS activities, and cooperate in human resources exchange with developing countries, including workshops in regions and invitational workshops in the banking sector.