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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.

People & Moves

KB Asset Management supports small merchants in Banghwa-dong with RISE ETF-linked programme

KB Asset Management is launching support for small local merchants linked to its exchange-traded fund brand, RISE ETF. The company said it carried out a programme on June 23 for small merchants in Banghwa-dong in Seoul’s Gangseo district. Working with Good Neighbors’ Seoul Central-South branch, it operated two programmes, including replacing old shop signs with LED signs and delivering support kits such as aprons and fire extinguishers.

Finance

KB Asset Management partners with China AMC to expand Asia ETF cooperation

KB Asset Management has partnered with China Asset Management (China AMC), China’s top exchange-traded fund manager, to expand cooperation in the Asian ETF market. The two companies signed a strategic memorandum of understanding to build a long-term partnership in the Korean and Chinese ETF businesses and to jointly develop investment products to meet demand from investors in both countries and globally. They also plan cooperation involving Korea and Hong Kong.