Greetings, I am Peter Kweon, Head of IR at KB Financial Group. Following the rate hike expectations on NIM improvement drove rise in banking sector share prices, though temporarily, but with the spread of the delta variant and concerns around peak out of economic momentum and early tapering in the U.S., uncertainties, both internal and external, are adding up.
(Bloomberg) -- KakaoBank Corp., South Korea’s first internet-only lender to go public, surged more than 70% in its trading debut in Seoul to become the country’s largest retail lender by market value.The stock’s jump of as much as 74% gave the company, which doesn’t have brick-and-mortar branches, a market capitalization of more than 32 trillion won ($28 billion), bigger than the country’s traditional financial groups. It was up 62% at 11:10 a.m. in Seoul.First-day pops aren’t unusual in South K
Image source: The Motley Fool. KB Financial Group Inc (NYSE: KB)Q2 2021 Earnings CallJul 22, 2021, 3:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Peter Bongjoong Kwon -- Head of Investor RelationsGreetings, I am Peter Kwon, Head of IR at KB Financial Group.