KB Kookmin Bank signs MOU with Myanmar’s Construction and Housing Development Bank

SEOUL, Feb. 17 (Yonhap) — KB Kookmin Bank, a major South Korean bank, has signed a memorandum of understanding with Myanmar’s Construction Ministry and its state-run Construction and Housing Development Bank, KB Financial Group said Friday. Under the deal, KB Kookmin Bank plans to provide financial support to Myanmar’s plan to expand houses for its […]

South Korea’s Busan Bank to open office

South Korea’s Busan Bank has registered with the Directorate of Investment and Company Administration (DICA) to open a representative office in Myanmar, through DICA’s one-stop-shop service, according to the regulator’s website. Busan Bank, a subsidiary of Korean holding company BNK Financial Group, will join a number of other South Korean financial institutions in opening a […]

Korea’s Exim Bank to open representative office in Myanmar

YANGON—The Export-Import Bank of Korea is now planning to open a representative office in Myanmar where there are more than 30 representative offices of international banks, according to the bank. On December 18, the Directorate of Investment and Company Administration allowed the bank to open a representative office in Yangon to operate banking and financial […]