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Kookmin Bank News

News on Kookmin Bank (Ticker: KB) continually updated from thousands of sources around the net.

Thursday Feb 9 | BusinessWeek

Hana Completes $3.9 Billion Takeover of KEB From Lone Star Funds

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.

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Related Topix: Banking, Financial Services, Exchange Bank, Korea Exchange Bank, South Korea, World News, Asia

Wed Feb 01, 2012

Chosun Ilbo

Despite Decent Wages, Kookmin Bank Plagued by Low Productivity

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.

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Related Topix: Financial Services, Exchange Bank, Banking

Fri Jan 27, 2012

Bloomberg

Hana Financial Wins Approval to Buy Lone Star Stake in Korea Exchange Bank

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.

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Related Topix: Banking, Financial Services, Exchange Bank, Country, Lonestar, Korea Exchange Bank, South Korea, World News

Thu Jan 26, 2012

Korea Herald

Workforce downsizing sweep banks

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.

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Related Topix: Financial Services

Mon Jan 16, 2012

Korea Herald

KB Financial not to bid for Woori Financial

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.

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Related Topix: Financial Services

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