Company:KB Financial Group Inc
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Short description: Securities exchange operator in South Korea
Korea Exchange (KRX, 한국거래소) is the sole securities exchange operator in South Korea . It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul. HistoryThe Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of Dec 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3] On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[4] Traded Instruments
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NYSE: KB | |||||||||||||||||||||||||||||||||||||
| Founded | 1 November 1963 | ||||||||||||||||||||||||||||||||||||
| Headquarters | Jung-gu, Seoul, South Korea | ||||||||||||||||||||||||||||||||||||
Key people | Hur Yin, (CEO) | ||||||||||||||||||||||||||||||||||||
| Products | Financial services | ||||||||||||||||||||||||||||||||||||
| Revenue |  United States dollar 26.5 billion (2012) | ||||||||||||||||||||||||||||||||||||
| Owner | Government of South Korea through the National Pension Service (9.50%) | ||||||||||||||||||||||||||||||||||||
Number of employees | 26,000 | ||||||||||||||||||||||||||||||||||||
| Website | omoney.kbstar.com | ||||||||||||||||||||||||||||||||||||
KB Kookmin Bank (Korean: KB국민은행) or KB is among the four largest banks ranked by asset value in South Korea at the end of March 2014.[1] It is the largest among banks in Korea and 60th largest in the world by 2017.[2]
Current KB Kookmin Bank was formed in Dec, 2000 between old Kookmin Bank and Housing & Commercial Bank. They were both founded by the Korean government in 1960s for special purposes. Kookmin Bank, which specially provided financial service for middle and low income consumers, was privatised in 1995. During the Asian financial crises both banks acquired other financially troubled banks. The merger of two banks was partly due to the government policy to make banks bigger and more stable. After the merger, KB acquired various companies include credit card, insurance and Brokerage firm to transform in to the financial group in 2008.[3] In Sep, 2004, Kookmin Bank said it would restate its 2003 and 2004 earnings after a financial watchdog found the bank avoided $270 million in taxes.[4]
See also
- List of South Korean companies
- List of Banks in South Korea
- List of Korea-related topics
- Economy of South Korea
- Kookmin Bank FC, K-2 league football team.
References
- ↑ "Banks in South Korea". http://www.relbanks.com/asia/south-korea.
- ↑ "국내 1위가 세계 60위…국내은행 글로벌 경쟁력은". 2017-09-10. http://www.yonhapnews.co.kr/bulletin/2017/09/08/0200000000AKR20170908168500002.HTML.
- ↑ "[인사이드 스토리한국 금융 M&A"]. http://news.bizwatch.co.kr/article/finance/2018/06/22/0011.
- ↑ "Kookmin Bank set to revise earnings on probe result". 2014-12-03. http://www.brecorder.com/component/news/single/16267/.
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