Kookmin Bank News

Hana Financial Group Inc. completed its 4.4 trillion won purchase of Korea Exchange Bank from Lone Star Funds and Export Import Bank of Korea, allowing Hana to narrow a gap with rivals and the U.S. fund to exit the investment after eight years.

Kookmin Bank has the lowest employee productivity out of six major banks in Korea, according to data released by the Financial Supervisory Service on Tuesday.

Lone Star Funds' sale of Korea Exchange Bank won approval from regulators, clearing the final hurdle for Hana Financial Group Inc.'s 3.9 trillion won purchase.

Shinhan conducts early retirement program for first time since 2009 The nation's banking sector has been striving to cut workforces amid growing worries over low cost-efficiency from the lackluster earnings outlook.

Euh stresses banks' role change for upgrade of Korea's financial market KB Financial Group clarified its position that it will not bid to take over the state-run Woori Financial, at least for 2012.