| Mobile Web

Search results for KB Financial

Finance

ELS fines cut to 600 billion won after local elections, financial policy in focus

With the June 3 local elections over, attention in South Korea’s financial sector is shifting back to financial authorities and the National Assembly. Issues that lost traction during the campaign, including governance reform at financial holding firms, digital asset regulation, loan rules for non-resident single-homeowners and a compensation liability system for voice phishing, may return to the agenda in the second half. Regulators have also adjusted ELS sanctions and stepped up work on consumer protection and AI security threats.

Finance

KB Financial donates 10 billion won cooperation fund for SMEs and small merchants

KB Financial Group has donated a 10 billion won cooperation fund to support small and medium-sized enterprises and small merchants in their digital, green and safety transitions. KB Financial said it will carry out related projects with the Ministry of SMEs and Startups and the Korea Commission for Corporate Partnership. The fund allocates 2 billion won for AI transition, 3 billion won for green transition and 2 billion won for safety transition, and commits 3 billion won to a master fund for impact investment.

Finance

FSS to train consumer protection specialists with financial holding firms

South Korea\'s Financial Supervisory Service and the Korea Financial Training Institute on Thursday signed an agreement with the Korea Federation of Banks and eight financial holding companies to foster financial consumer protection specialists and strengthen capabilities. The parties will expand consumer protection training for financial company employees and work to raise awareness across the sector. New and revamped courses will target executives, prospective chief consumer officers, department heads, practitioners and branch sales staff, with stronger training on mis-selling prevention and voice phishing response.