KB Kookmin Card eyes Myanmar market

KB Kookmin Card Co. said Thursday it is pushing to tap into Myanmar’s credit card market after getting the nod to set up an office in the Southeast Asian country. KB Kookmin Card, a unit of South Korea’s banking giant KB Financial Group Inc., said it won approval from Myanmar’s central bank the previous day […]

Shinhan Card starts microloan business in Myanmar

South Korea’s Shinhan Card Co. launched microcredit service in Myanmar as part of efforts to explore new revenue sources in overseas markets amid dwindling profitability in the local credit market due to falling commission fees. Shinhan Card said on Tuesday that it began operation of Shinhan Microfinance in Yangon, Myanmar. The Korean credit card operator […]