KB Kookmin Bank announced on December 8 that the bank signed a business agreement with BDO Unibank on December 6 and promised to provide high quality financial services to Korean residents in the Philippines.
Currently, about 100 million Koreans are living in the Philippines and more than 1.5 million Korean tourists visit the Philippines annually.
BDO Unibank is the No. 1 bank with more than 1,100 branches and about 31,500 employees in the Philippines. The Philippine bank has been running Korea Desk, the largest department for Korean companies in Southeast Asia for eight years.
KB Kookmin Bank Lee Hwan-ju, head of the Foreign Exchange Business Division of KB Kookmin Bank, Edmundo Soriano, vice president of BDO Unibank and the Korea Desk staff attended the ceremony held at the headquarters of BDO Unibank in the Philippines on December 6.
Major contents of the agreement include mutual support for maintaining and increasing the Korean customer base, the provision of close contact services between the two countries through the operation of pre-departure customer introduction programs and sharing know-how to improve service quality for Korean customers in the Philippines.