The heads of financial groups and banks are rushing to increase holdings of their firm s stocks in a collective effort to boost share prices to maximize shareholder returns, market watchers said Friday. Buying back stocks reduces the number of total outstanding issues, raising dividends per share.
South Korea's JB Financial Group said Monday it has signed a partnership with OKXE, a Vietnam-based platform for used motorcycles, eyeing the expansion of its brokerage business in the country. At a signing ceremony held in Seoul on Friday, JB Financial Group and its affiliate JB Investment agreed to acquire a combined 8 percent stake in OKXE. OKXE was launched in Vietnam in 2020 by CEO Kim Woo-seok, bringing us.
JB Financial Group signed a strategic investment agreement with OKXE, a used motorcycle transaction platform in Vietnam, the financial group announced Monday.
JB Financial Group announced Thursday that it formed a strategic investment partnership with Hanpass, a fintech firm providing an overseas remittance platform, aiming to strengthen and expand business targeting foreign customers.
Heads of financial authorities have once again called on domestic financial groups to take on greater social responsibility, pressuring the companies to lower the burden on small and medium-sized business owners stemming from soaring interest rates.