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Kookmin-Bank

‘Cultural fit’ favors Japanese, Korean buyers of RI banks
Companies 2 years ago

PREMIUM
‘Cultural fit’ favors Japanese, Korean buyers of RI banks

Financial institutions from East Asian countries have more "success stories" in Indonesia than their Western counterparts, analysts say.
KB Kookmin Bank, Bosowa Corporindo end legal battle over KB Bukopin
Business 4 years ago

PREMIUM
KB Kookmin Bank, Bosowa Corporindo end legal battle over KB Bukopin

South Korean KB Kookmin Bank and Indonesian conglomerate PT Bosowa Corporindo have reached a six-point agreement to end a legal dispute over how to solve the liquidity issue of publicly listed KB Bukopin.
Bukopin eyes South Korean customers after KB Kookmin Bank’s takeover
Business 5 years ago

Bukopin eyes South Korean customers after KB Kookmin Bank’s takeover

KB Kookmin Bank is officially named Bank Bukopin’s controlling shareholder after it injected US$780 million through two corporate actions.
Bosowa seeks to annul Bank Bukopin private placement plan, sues OJK
Business 5 years ago

Bosowa seeks to annul Bank Bukopin private placement plan, sues OJK

Representatives walked out of the meeting after it was announced that the company did not have the right to vote.
OJK approves South Korea's Kookmin as Bank Bukopin’s controlling shareholder
Business 5 years ago

OJK approves South Korea's Kookmin as Bank Bukopin’s controlling shareholder

The OJK announced the decision on Wednesday after Bank Bukopin concluded its rights issue process on Tuesday, in which Kookmin injected Rp 1.46 trillion (US$100.12 million) in fresh funds to Bukopin.
When KB Kookmin Bank controls Bukopin
Opinion 5 years ago

PREMIUM
When KB Kookmin Bank controls Bukopin

Kookmin’s acquisition of Bukopin would also be rather easy and welcomed because Bukopin is a publicly listed bank, with 40.43 percent owned by the public, 23.39 percent by PT Bosowa Corp., 5.25 percent by Kopelindo, 8.91 by the Indonesian government and 21.99 percent by Kookmin itself.
Bukopin inches closer to solving liquidity problems, regaining customer trust
Business 5 years ago

Bukopin inches closer to solving liquidity problems, regaining customer trust

The OJK's approval of the rights issue has paved the way for South Korea’s KB Kookmin Bank to become Bank Bukopin’s controlling shareholder.
OJK confirms Kookmin Bank acquisition of Bukopin
Business 5 years ago

OJK confirms Kookmin Bank acquisition of Bukopin

Kookmin Bank, which currently owns 22 percent of Bank Bukopin, deposited US$200 million into an escrow account on Thursday as part of its commitment to acquiring the Indonesian bank’s shares.
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