Search results for trust contract
Fintech
KB Kookmin Bank launches trust to transfer senior residence deposits to heirs
KB Kookmin Bank launched a will-substitute trust service for customers living in senior residences, designed to safeguard move-in deposits and support inheritance after death. The service allows the bank, under the trust contract, to receive the returned deposit when the customer dies and transfer it to a designated beneficiary. Eligible customers are residents of senior facilities in South Korea who have paid a move-in deposit.
Telecommunications & Media
KT Q1 operating profit falls 29.9 percent on cost burden, seeks rebound with AX
KT posted first-quarter consolidated revenue of 6.78 trillion won and operating profit of 482.7 billion won, down 1.0 percent and 29.9 percent from a year earlier. It cited base effects from a one-off gain last year and higher costs, including a customer reward programme and some expenses linked to an incident. KT said growth in wireless and fixed-line services and expansion of its AI transformation business were positive signs, and it plans to step up AX initiatives.
Telecommunications & Media
KT first-quarter operating profit 482.7 billion won, down 29.9 percent year on year
KT posted first-quarter consolidated revenue of 6.78 trillion won and operating profit of 482.7 billion won, down 1.0 percent and 29.9 percent from a year earlier. The profit fell due to base effects from one-off gains last year, though improved results at KT Estate and content affiliates eased the decline. KT also announced shareholder return plans for 2026 to 2028, including a minimum annual dividend of 2,400 won per share in 2026.
