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Monday, August 6, 2012, 6:33 AM ING (ING) is likely to sell its Asian life-insurance operations in parts after no bid emerged for the whole unit that would have been likely to win regulatory approval, the WSJ reports. Separate deals could still probably bring in over $7B, but they're more complicated. Those slugging it out for various ING units include KB Financial (KB), Manulife (MFC), and Blackstone (BX). Comment! [M&A, Financials]
Monday, July 16, 2012, 10:50 AM ING (ING +0.3%) receives a final round of offers for its Asian life insurance ops, which should bring in over $7B. Canada's Manulife (MFC -1.2%) and Hong Kong's AIA Group are among the insurers who bid, the WSJ reports, while KB Financial (KB) made a proposal for the South Korean part of the ops, and Korea Life Insurance for the Southeast Asian section. (previous) Comment! [Financials, M&A]
Monday, March 12, 2012, 8:55 AM Calling for "a full stop to inflation worries," an anonymous South Korean central banker says there is a "high chance" of a rate cut this year. If anything, most watchers had expected a hike to be the central bank's next move. "China is a concern ... If and when China coughs, Korea aches all over." EWY +14.2% YTD. Comment! [Global & FX]
Wednesday, February 22, 2012, 3:21 AM South Korea's KB Financial (KB) is interested in buying ING's (ING) South Korean insurance operations, said chairman Euh Yoon-dae, as the company seeks to diversify revenue sources heavily dependent on its banking business. Euh added KB Financial would need to find a partner if ING's entire Asia-Pacific operations were put on sale as a package. Comment! [Global & FX, M&A, Financials]
Sunday, December 18, 2011, 11:36 PM South Korean shares add to sharp losses in the wake of Kim Jong Il's death, the Kospi off 3.5%. Dow Jones reports the Bank of Korea is holding an emergency meeting. Comment! [Global & FX, On the Move]
Wednesday, September 21, 2011, 7:16 AM The won edges up 0.2% after South Korea intervenes in the currency market to prop up its value following an 8% fall thus far in September. "The policy challenge is to avoid this morphing out of control," says an analyst. It was only months ago, SK was stepping in to weaken its currency. Comment! [Global & FX]
Monday, August 8, 2011, 10:33 PM South Korean shares swoon, the KOSPI falling 8.4%, confirming the drop in the Korean ETF (EWY -9.2%) in today's U.S. trade. Financial shares lead the way: Shinhan Financial (SHG) -12%, Woori Finance (WF) -12%, KB Financial (KB) -10%, tracking the drop in the ADRs during U.S. hours. 2 Comments [Global & FX, Financials]
Thursday, April 14, 2011, 9:22 AM An adviser to the Bank of Korea calls for rates to be raised to at least 4% to combat inflation (currently running near 4%) and put a check on rising household debt. What is the state of the world when even a hawkish voice isn't calling for positive real rates? Gold hovers near record levels at $1,460/oz. Comment! [Global & FX, Commodities]
Friday, February 11, 2011, 7:15 AM The President “called for a ‘war against inflation’ ... but it looks like the Bank of Korea has implemented a truce," says an analyst after the central bank unexpectedly leaves its benchmark rate at 2.75%. The won falls 1%. Korea -1.6%. Premarket: EWY -1.6%. Comment! [Global & FX]
Monday, June 29, 2009, 8:12 AM After a dispute over fees, KB Financial (KB) dumps BoA (BAC), Citigroup (C), Credit Suisse (CS) and JPMorgan (JPM) as the underwriters of its $2B share sale, opting instead for Goldman Sachs (GS) and Morgan Stanley (MS). Comment!
Tuesday, March 10, 2009, 9:03 AM Premarket gainers II: STD +11%. GNW +11%. USB +10%. ETFC +10%. MT +9%. JPM +9%. DAI +9%. KB +9%. AIG +8%. DRYS +7%. EGLE +7%. STM +7%. ASML +7%. MS +6%. GM +7%. AXP +6%. NOK +6%. E +6%. CAT +6%. BHP +6%. AA +6%. PALM +5%. FRE +5%. GE +5%. Comment!
Tuesday, December 2, 2008, 9:03 AM Premarket gainers: MRX +17%. GFI +17%. TS +11%. GOLD +11%. LIZ +10%. AU +10%. HMY +10%. GM +8.5%. WB +8%. MT +9%. F +8%. MTL +8%. C +7%. S +7%. KB +6.5%. RIO +6%. LVS +6%. DB +5%. AUY +5%. JAVA +5%. ALU +5%. BP +5%. ESLR +5%. ERIC +5%. HIG +5%. Comment!
Wednesday, November 26, 2008, 9:04 AM Premarket gainers: KB +8%. PLD +7%. RMBS +6%. HLTH +5%. CHL +3%. Comment!
Wednesday, October 29, 2008, 9:15 AM Premarket losers: VPRT -22%. KB -19%. GLW -14%. AUO -11%. LCC -9%. EWY -9%. Q -6%. AEG -6%. ADM -6%. Comment!

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KB Financial Group Inc.