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Four financial groups post record 11.34 trillion won in half-year profit

Booming securities and asset management earnings due to the surging stock market offset slower bank growth.

2026.7.24

KG Financial Group headquarters in western Seoul [KB FINANCIAL GROUP]

KB, 4 other Korean banks join prototype for 'Project Agora' payment system

KB Bank and four other major banks in Korea said Thursday that they had joined an international move to test the prototype of a cross-border payment project known as Project Agora

2026.5.28

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FTC probes KB Kookmin, Hana over alleged household loan ratio collusion

The FTC is investigating KB Kookmin Bank and Hana Bank for alleged collusion on household loan limits.

2025.2.17

From left to right are the office buildings of KB, Shinhan, Hana and Woori financial holding firms. [EACH COMPANY]

Q1 earnings for financial big four decline on one-off expenses

Shinhan, Hana, Woori and KB all reported an on-year drop in earnings for the first quarter, driven largely by compensation reserves for Hong Kong-tied derivative products.

2024.4.26

KB Kookmin Bank headquarters in western Seoul [YONHAP]

KB Financial Group reports record profits for 2023

KB Financial Group reported record 2023 profits, despite falling short of analysts' expectations.

2024.2.7

KB Financial Group Chairman Yang Jong-hee [NEWS1]

Financial firm chiefs stress coexistence, innovations on dawn of new year

The heads of Korea’s financial holding firms on Tuesday vowed to reinforce coexistence with society and push ahead with bold innovations in a joint New Year’s address, noting growing wealth inequality and a rapidly changing consumer market.

2024.1.2

KB Financial Group's new Chairman Yang Jong-hee [YONHAP]

KB Financial's new chairman to boost shareholder returns

The new chairman of KB Financial Group plans to boost shareholder remuneration amid struggles in the domestic economy and finance sector.

2023.11.17

A customer taps on a kiosk featuring an AI digital agent at a KB Bank branch in Yeouido, western Seoul [KB BANK]

[AI IN ACTION] Financial firms embrace AI for personalized services

Financial companies in Korea are increasingly embracing AI to improve efficiency and offer personalized services, with AI projected to reach $2.35 billion by 2026. Various firms are focusing on AI digital assistants.

2023.10.30

A KB Kookmin branch in Yeouido, central Seoul [YONHAP]

KB Financial Group reports slight Q3 profit decline

KB Financial Group reported a Q3 net profit of 1.34 trillion won ($999.2 million), down 1.3 percent on-year. Operating profit, however, increased by 12.6 percent.

2023.10.24