JB Financial Group aims to evolve into a small yet highly profitable financial group, according to a long-term plan announced last Saturday at a ceremony marking its 10th anniversary in Muju County, North Jeolla Province.
JB Financial Group celebrated its 10th anniversary with an event held in Muju-gun, North Jeolla Province, according to the financial firm on Tuesday. The event on Saturday, held under the slogan, "10 Years of Partnership, New Leap," was attended by over 3,500 executives and employees, including JB Financial Group Chair Kim Ki-hong, Jeonbuk Bank CEO Baek Jong-il, Kwangju Bank CEO Ko Byung-il, JB Woori Capita.
NongHyup Bank announced Thursday that the nation’s top three commercial banks Hana Bank, Shinhan Bank and Woori Bank have joined its consortium for security token offerings formed in April. Aside from the lenders, other financial tech firms, including real estate fractional investment company Funble, fintech firm Aton’s subsidiary Trackchain and Artipio, a fractional art investment subsidiary of cul.
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.