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
