$KB

KB Kookmin Bank, a unit of KB Financial Group, will launch an August 2026 corporate remittance service using JPMorgan’s Kinexys blockchain platform for USD cross-border transfers to 10 countries plus domestic KR transfers. KB Financial Group reports $552.76B in total assets. Kinexys has processed over $4T cumulatively, with $7B+ average daily activity, according to JPMorgan.

KB Kookmin Bank, part of KB Financial Group, plans to launch in August a blockchain-based cross-border payment service for import and export firms, using JPMorgan’s Kinexys network. The service will initially support US dollar transfers across 10 countries and integrate with SWIFT for near-instant payments and FX settlement, according to local media and Yonhap.

South Korea’s four major financial holding groups reported combined first-half net profit of 11.34 trillion won, up 9.8% year on year, driven by higher fee income from capital-market businesses. KB led with 3.88 trillion won, followed by Shinhan 3.44 trillion, Hana 2.40 trillion and Woori 1.61 trillion. Competition is shifting from banks to securities and asset management.

South Korea’s five largest financial groups reported combined first-half net income of 13.12 trillion won, a record, up 9.7% year over year, driven by a market rally boosting brokerage and asset management fees, according to company filings. KB led with 3.88 trillion won, followed by Shinhan 3.44 trillion and Hana 2.4 trillion. NH and Woori posted 1.78 and 1.61 trillion won.

Bloomberg Intelligence says Korea’s four largest banks, KB, Shinhan, Hana and Woori, should remain resilient in 2H 2026. It expects gross NPL ratios around 0.38-0.42% and steady credit costs. CET1 averaged above 15% in 1H 2026, with a 10 won USD move lowering CET1 by 2-3 bps. Net interest margins may edge up.

Opposition lawmaker Rep. Ahn Cheol-soo criticized KB Kookmin Bank for cutting the mortgage lending limit to 300 million won from 600 million won for residential property purchases, saying it follows government household-debt and real-estate curbs and harms homebuyers. He urged the government to exempt first-time buyers.

POSCO said it signed an MOU with KB Kookmin Bank to launch a supply chain finance service for POSCO partner firms, aiming to improve suppliers’ cash flow during the steel downturn. KB will manage sales payment collection and provide loans and ESG consulting. The firms plan to integrate KB’s loan program into POSCO’s My POSCO platform for a launch within the year.

KB Financial Group Chairman Yang Jong-hee said in an executive workshop that shifts in investment flows could be used to strengthen KB’s wealth and asset management competitiveness. He urged executives to redesign work processes using AI and improve affiliate collaboration. The group outlined five 2027-2029 priorities, including wealth model revamps, SME services, corporate and investment banking, insurance and investments, and AI transformation.

Posco said it signed an MoU with KB Kookmin Bank to launch a supply chain finance program for Posco’s steel suppliers. The bank will handle payment settlements, provide loans, and offer ESG consulting. Posco plans to integrate lending into its My Posco platform and launch later this year, with preferential interest rates, according to Posco.

Kaufman & Broad SA reported 1H 2026 results for Dec 1, 2025 to May 31, 2026. Orders rose 0.5% in volume to 2,622 units, while housing market demand fell about 23%. Revenue was EUR500.9m, gross margin EUR104.7m, current operating income EUR39.9m (8.0% margin). Net cash was EUR242.6m. Full-year outlook unchanged.