KB Kookmin Bank expands presence in Cambodia, Myanmar

KB Kookmin Bank has gained two important footholds for its continuous expansion in Southeast Asia ― Cambodia and Myanmar.

The KB Financial Group’s banking unit said Sunday it finished paying $603 million Friday for a 70 percent stake in Prasac Microfinance Institution, the largest microfinance deposit-taking institution in Cambodia.

The recent takeover allowed KB Financial to include Prasac in its subsidiaries.

In full: http://www.koreatimes.co.kr/www/biz/2020/04/126_287757.html

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