Search results for auto finance
Finance
JB Financial pursues acquisition of two Kyrgyz finance firms in first entry into Central Asia
JB Financial Group is pursuing the acquisition of two financial companies in Kyrgyzstan, marking its first entry into the Central Asian market. It said affiliate JB Woori Capital signed a deal to buy 100 percent stakes in Korky Credit and Korky Leasing from their parent, Epoque Co. The companies plan to complete required approvals and registrations and close the transaction within this year. JB Financial aims to expand used-car financing.
Finance
KakaoBank launches auto finance comparison service to compare loans and installment plans from about 70 financial firms
KakaoBank is rolling out an auto finance service that allows customers to compare financing products and benefits needed when buying new or used cars. Users buying a used car can compare KakaoBank’s used-car purchase loan alongside auto loans, used-car installment plans and credit loans offered by about 70 partner financial firms. New-car buyers can input vehicle price, down payment and installment period to check cashback and installment terms by card issuer. KakaoBank plans to add more products and partners.
Finance
Kakao finance posts record results as Bank and Pay expand into corporate, securities and insurance
KakaoBank and KakaoPay posted record results, while Kakao’s financial business broadens beyond lending margins and simple payments into corporate finance, investment, insurance and advertising. KakaoBank is expanding lending and deposits from household customers to sole proprietors, SMEs, corporates and foreign-currency products, while KakaoPay is linking payment users and data to securities and insurance services. The companies also plan to connect KakaoPay Securities’ stock services to KakaoBank’s app in September.
