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KB Asset Management
Kookmin Bank or KB Kookmin Bank () is among four of the largest banks ranked by asset value in South Korea, as of the end of March 2014. It is the largest among banks in Korea and the 60th largest in the world as of 2017. History The current KB Kookmin Bank was formed in December 2000 in a merger between the old Kookmin Bank and the Housing & Commercial Bank. They were both founded by the Korean government in 1960s for special purposes. Kookmin Bank, which catered towards providing financial services for middle and low income consumers, was privatized in 1995. During the Asian financial crises both banks acquired other financially troubled banks. The merger of the two banks was partly due to the government policy of making banks bigger and more stable. After the merger, KB acquired various companies include credit card, insurance and brokerage firms transforming into the current financial group in 2008. In Sep, 2004, Kookmin Bank said it would restate its 2003 and 2004 earnings a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rainy Sky SA V Kookmin Bank
''Rainy Sky SA and others v Kookmin Bank'' is an English contract law case concerning interpretation of contracts. The Supreme Court confirmed the principle laid down in '' Wickman v Schuler'' that, if the words of a contract have ambiguous meanings, the court will interpret it in a manner that most accords with "business common sense". There is no requirement for a party to prove that the alternative interpretation is entirely unreasonable. Facts Rainy Sky was one of five ship-owning firms that ordered vessels from Jinse Shipbuilding Co, a South Korean shipbuilder, at a cost of US$33,300,000 per ship. The payment was to be made in five equal installments. The contract between Rainy Sky and Jinse permitted Rainy Sky to rescind the contract if various events occurred (such as late delivery or inadequate performance of the vessel, or loss of the vessel before delivery). It also obliged Jinse to refund the payments if it became insolvent, although, in this case, the contract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Companies Headquartered In South Korea
Multinational may refer to: * Multinational corporation, a corporate organization operating in multiple countries * Multinational force, a military body from multiple countries * Multinational state, a sovereign state that comprises two or more nations See also * International (other) * Transnational (other) * Supranational (other) Supranational or supra-national may refer to: * Supranational union, a type of multinational political union * Supranational law, a form of international law * Supranational legislature, a form of international legislature * Supranational curre ... * Subnational (other) {{disambig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korean Brands
South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz'' ("south"), possibly related to the same Proto-Indo-European root that the word ''sun'' derived from. Some languages describe south in the same way, from the fact that it is the direction of the sun at noon (in the Northern Hemisphere), like Latin meridies 'noon, south' (from medius 'middle' + dies 'day', cf English meridional), while others describe south as the right-hand side of the rising sun, like Biblical Hebrew תֵּימָן teiman 'south' from יָמִין yamin 'right', Aramaic תַּימנַא taymna from יָמִין yamin 'right' and Syriac ܬܰܝܡܢܳܐ taymna from ܝܰܡܝܺܢܳܐ yamina (hence the name of Yemen, the land to the south/right of the Levant). Navigation By convention, the ''bottom or down-facing side'' of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Seoul
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of South Korea
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KB Financial Group Inc
KB Financial Group Inc. () is a financial holding company headquartered in Seoul, South Korea. The Group and its subsidiaries provide a broad range of banking and financial services. It is one of the domestic systemically important banks (D-SIBs) identified by the Financial Services Commission (South Korea), Financial Services Commission. History KB Financial Group was established through restructuring Kookmin Bank into a holding company in September 2008. Kookmin Bank launched a financial holding firm to boost non-banking operations such as brokerage, insurance, and consumer finance. After the establishment, KB has acquired non-banking financial services companies, including LIG Insurance, Hyundai Securities, Prudential Life Korea, etc. In 2015, KB acquired LIG Insurance, South Korea's fourth-largest non-life insurance company with assets totaling 24 trillion won, from LIG Group and changed its name to KB Insurance. KB also took over Hyundai Securities from Hyundai Group after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of South Korean Companies
A ''list'' is any set of items in a row. List or lists may also refer to: People * List (surname) Organizations * List College, an undergraduate division of the Jewish Theological Seminary of America * SC Germania List, German rugby union club Other uses * Angle of list, the leaning to either port or starboard of a ship * List (information), an ordered collection of pieces of information ** List (abstract data type), a method to organize data in computer science * List on Sylt, previously called List, the northernmost village in Germany, on the island of Sylt * ''List'', an alternative term for ''roll'' in flight dynamics * To ''list'' a building, etc., in the UK it means to designate it a listed building that may not be altered without permission * Lists (jousting), the barriers used to designate the tournament area where medieval knights jousted * ''The Book of Lists'', an American series of books with unusual lists See also * The List (other) * Listing (di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goyang KB Kookmin Bank FC
Goyang KB Kookmin Bank FC ( ko, 고양 KB국민은행 축구단) was a South Korean football club based in the Seoul satellite city of Goyang. It played in the National League, the third tier of Korean football. The club was officially dissolved in November 2012. K-League Membership Kookmin Bank FC was founded in September 1969 and competed in the various amateur football competitions at the time. The club enjoyed success in tournaments such as the Korea Semi-Professional Football League (winners in 1978) and the President's Cup (winners in 1978 and 1983) before becoming founder members of the K-League, the professional football league in South Korea, in 1983. The club's stay in the professional ranks was a short one, as it finished 5th out of the five teams in the first year. When it came in 8th out of the eight teams in 1984 the decision was made for the club to return to the amateur ranks. After the K-League Upon returning to the amateur ranks, the club returned to winning ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of the 1948 constitution. According to the 2020 census, Seoul has a population of 9.9 million people, and forms the heart of the Seoul Capital Area with the surrounding Incheon metropolis and Gyeonggi province. Considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC), Seoul was the world's fourth largest metropolitan economy in 2014, following Tokyo, New York City and Los Angeles. Seoul was rated Asia's most livable city with the second highest quality of life globally by Arcadis in 2015, with a GDP per capita (PPP) of around $40,000. With major technology hubs centered in Gangnam and Digital Media City, the Seoul Capital Area is home to the headquarters of 15 ''Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cheongju KB Stars
Cheongju KB Stars ( ko, 청주 KB 스타즈) is a professional basketball club in the Women's Korean Basketball League in South Korea. Honours Women's Korean Basketball League The Women's Korean Basketball League (WKBL) (Hangul: 한국여자프로농구) is the premier professional women's basketball Basketball is a team sport in which two teams, most commonly of five players each, opposing one another on a recta ... *WKBL Championship :: Winners (2): 2018–19, 2021–22 :: Runners-up (6): 2002 (winter), 2006 (summer), 2011–12, 2014–15, 2017–18, 2020–21 *WKBL Regular Season :: Winners (4): 2002 (winter), 2006 (summer), 2018–19, 2021–22 :: Runners-up (5): 2004 (winter), 2005 (summer), 2017–18, 2019–20, 2020–21 External links Official website Basketball teams established in 1963 Basketball teams in South Korea Women's basketball teams in South Korea Women's Korean Basketball League teams Sport in North Chungcheong Province 1963 establishme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
