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Finance

KB Financial opens Jeonbuk KB Financial Town to activate asset management hub

KB Financial Group has opened an asset management-focused financial hub in Jeonbuk Innovation City. The group plans to strengthen asset management work linked to the National Pension Service and to provide comprehensive financial services and startup support for local residents and companies. Major affiliates including KB Kookmin Bank, KB Securities, KB Insurance and KB Asset Management will move in. About 350 group employees are expected to be based there.

AI & Enterprise

Science ministry opens Gyeongnam, Jeonbuk AX R&D bid to step up physical AI megaproject

South Korea\'s Ministry of Science and ICT and the National IT Industry Promotion Agency said they will accept applications through July 28 for the 2026 Gyeongnam and Jeonbuk AI transformation R&D programme. The physical AI project will run from 2026 to 2030 with 1.41 trillion won in total funding, split between Gyeongnam and Jeonbuk. The plan includes regional briefings and a selection process through August.

Finance

KB Kookmin Bank runs cooperative open store in Jeonju

KB Kookmin Bank will run a cooperative \"open store\" in Jeonju to help expand sales channels for local small merchants and boost the regional economy. The bank will operate the event with Hyundai Department Store and the National Pension Service from July 6 to 9 at the NPS Happiness Pension Hall in Jeonju, North Jeolla Province. The bank will cover operating costs, while partners provide brands, space and promotion. Consulting booths and seminars are also scheduled.