Kb Financial Group (KB) has released an update.
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KB Financial Group Inc. has announced the successful approval of the spin-off of Kookmin Bank’s fund service business, with the official separation and registration dates scheduled for June 1 and June 3, 2024, respectively. This development follows a series of disclosures and postponements related to negotiations with financial authorities and is set to proceed as planned. Shareholders of Kookmin Bank ratified the proposal during the AGM on March 22, 2024.
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