KB Kookmin Bank is strengthening its comprehensive asset succession services by partnering with Kim & Chang. The bank said it signed a memorandum of understanding on mutual cooperation in inheritance finance business with the law firm on Aug. 14. The two sides agreed to cooperate on legal advice to prevent inheritance disputes and on education and seminars related to inheritance tax law. The bank plans to expand services to consultations for clients with overseas assets and to legal advice in non-financial areas.

Nexon Group holding company NXC has cancelled all treasury shares it recently bought from the government. The company said on Tuesday its board approved the cancellation of 184,001 common shares, equal to 6.68 percent of 2,754,093 shares outstanding before the capital reduction. The move follows NXC’s May 4 purchase of some government-held in-kind tax payment shares for about 1.02 trillion won.