As the regular shareholder meeting season approaches, Align Partners, a prominent activist fund in the local market, has intensified its shareholder activism by recommending five candidates for JB Financial Group s board.
JB Financial Group announced Tuesday that its net profit for the third quarter of this year was recorded at 167.3 billion won ($121.8 million), an increase of 0.1 percent compared to the same period last year.
Regional banking groups are struggling with falling earnings in the face of a freeze on the benchmark interest rate and a sluggish real estate project financing market concentrated in areas outside Seoul.