More than 200 guests from over 50 organizations around the world including the United States, Japan, India, and China, attended an event to discuss cooperation in various fields such as CIB, capital markets, and ESG.
KB Kookmin Bank ran an exhibition booth where visitors could experience its platforms including KB Star Banking, KB AI Financial Assistant, KB National Certificate, KB Real Estate Data Hub, and KB Metaverse Branch.
The bank used the occasion to publicize the excellence of Korean Finance and KB Kookmin Bank’s strengths to key stakeholders attending the ADB Annual Meeting at the Songdo Convention Center in Incheon.
KB Bank President Lee Jae-keun took part in the KB Financial Group Cocktail Reception at the Sheraton Grand Incheon along with KB Financial Group Chairman Yoon Jong-kyu on May 4 to commemorate the Asian Development Bank’s (ADB) Annual Meetings.
In the event, Lee explained the excellence of Korean finance and KB Kookmin Bank’s competitiveness.
The event was attended by VIPs from around the world. On hand were H.E. Mr. Gandi Sulistyanto, Indonesian ambassador to Korea, Dinesh Khara, chairman of State Bank of India (SBI) which is India's largest bank and Morris Li, chairman of CTBC Bank which is Taiwan's largest bank, James Quigley, vice chairman of international corporate and investment banking (International CIB) at Bank of America (BoA), Anju Abrol, head of the Asia-Pacific market at ING Bank, and Tetsuro Imaeda, deputy head of SMBC Bank in Japan, along with more than 200 key financial policy and investment decision makers from about than 50 institutions around the world.
Prior to the reception, Lee met with executives from six global financial institutions - Bank of America or BoA (U.S.), ING Group (Netherlands), Agricultural Bank of China (China), SBI (India), Daiwa Securities (Japan), and CTBC Bank (Taiwan), to exchange views on the global business environment, ESG, and digital strategies, and to discuss ways to cooperate in the corporate & investment banking (CIB) and capital markets (CM) sectors.
In particular, Lee discussed the signing of a KRW-Rupiah mutual committed line agreement with executives from State Bank of India. Executives of CTBC Bank in Taiwan exchanged opinions with Lee over cooperation in debt capital markets (DCMs) and equity capital markets (ECMs) and syndication loan sales for Korean and Taiwanese companies in the global market.
President Lee talked with executives of Bank of America (BoA) about how to cooperate in the origination to distribution (OTD) model to supply excellent US products such as securities and asset management products to Korean investors.
The KB Financial Group Cocktail Reception was held in four sectors - VIPs, CIB, Capital Markets and General Management.
In particular, the CIB and Capital Market sectors attracted officials from many global financial institutions and offered them an opportunity to discuss collaboration with KB Financial Group and KB Kookmin Bank.
Sixteen global financial giants including Wells Fargo, Maquarie, BlackRock, Societe Generale, and Mitsubishi UFG, held separate business meetings with executives of KB Financial Group and KB Kookmin Bank.
“I was very impressed with the global communication capabilities of executives of KB Financial Group and KB Kookmin Bank,” said an executive from a foreign financial institution who attended the reception. “I look forward to seeing more events to introduce Korean finance like this one.”
“We hope that KB Financial Group Cocktail Reception will serve as a stepping stone to promote the excellence of Korean finance and KB Financial Group’s and KB Kookmin Bank’s business competitiveness,” a KB Financial official said.
“In the future, KB Financial will take the lead in promoting the excellence of Korean finance by actively discovering new business opportunities with competent global partners.”
Korea joined ADB as a founding member and was a recipient of ADB’s official development assistance.
But now, Korea has become a donor country holding the 8th largest proportion of shares (5.03 percent of total shares) among members and contributing to economic cooperation in the Asia-Pacific region through various channels such as the Asian Development Fund and the Technical Assistance Special Fund.
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