BNET Industries
Last Fiscal Year Sales:$822.8M
- Private
- US
Dow Jones Description
The financial core of Korea! Korea Exchange Bank (Korea: 004940) is a provider of financial and banking services. It offers personal and corporate finance. It focuses on corporate banking, with services like foreign exchange, trade financing, and lending. It also offers investment and retail banking. This company has around 325 domestic and nearly 30 foreign branches. Founded in 1967 and based in Seoul, Korea, it employs about 4,800 people. The Korea Exchange Bank was named 'Best Trade Finance Bank in Korea for 2006' by Global Finance, an international financial magazine. In March 2006, KEB sold its entire 31.5% holding stake in CFEB to Bank AUDI of Lebanon.
President, CEO & COO
Richard WackerNumber of Employees 5,000
Contact Information
181 Euljiro 2-ga
Seoul
(82) 1544 3000
Peer Companies
NAICS Code All Other Nondepository Credit Intermediation: 522298
Recent Events
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Most Asian Markets Edge Up in Quiet Trade
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KDB Financial interested in buying KEB: chief
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UPDATE 1-KEB shares hit 17-mth peak on Hana Fin interest
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KDB Will Consider Buying Korea Exchange Bank: CEO
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Korean Banks Start to Recover
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TABLE-Korea Exchange Bank Q3 net profit surges
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KDB Financial eyes takeover of foreign bank
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KOREA DEVT BANK SET TO MAKE FIRST MOVE TOWARD PRIVATIZATION
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Hana Financial mulling share sale
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IBM to provide procurement outsourcing services for Korea Exchange Bank
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IBM: Korea Exchange Bank Awards Strategic Procurement Outsourcing Agreement to IBM
News & Analysis
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korea exchange bank - All News and Analysis
HSBC pulls out of Korean deal
- 2008-09-20
Business News IN BRIEF *HSBC has withdrawn its $6bn (3.3bn) proposal to buy 51 per cent of Korea Exchange Bank, blaming falling asset values. The bank said it would not be in the interests of shareholders "to continue to pursue this acquisition on the terms negotiated last...
SKorea to review sale of Korea Exchange Bank: watchdog
- 2008-07-25
SEOUL, AFP — South Korea's financial watchdog said Friday it will resume a regulatory review of the proposed six-billion-dollar sale of Korea Exchange Bank to global giant HSBC Holdings in the coming week. The announcement raises hopes that the government will allow HSBC to buy a 51 percent stake...
HSBC may pull out of KEB deal over delays
- 2008-06-12
Business News IN BRIEF *HSBC tried to put pressure on South Korea's regulators yesterday by saying it would pull out of its long-running attempt to buy Korea Exchange Bank unless the authorities approve the deal soon. Sandy Flockhart, HSBC's chief executive for Asia Pacific, said: "It's an acquisition...
KOREA EXCHANGE BANK TO SETTLE CHINA HQ IN TIANJIN
- 2008-02-19
AsiaInfo Services 02-19-2008 Korea Exchange Bank to Settle China HQ in Tianjin TIANJIN, Feb 19, 2008 SinoCast via COMTEX -- Korea Exchange Bank (KEB and KRXS: 004940), one of South Korea's largest commercial lenders, has recently decided to settle its China headquarters HQ in...
Lone Star chief leaves SKorea after questioning
- 2008-01-23
SEOUL AFP — The head of a US buyout firm embroiled in a series of legal disputes in South Korea left the country Thursday after 10 days of questioning by prosecutors. John Grayken, chairman of Lone Star Funds, had been barred from leaving during the questioning which ended Wednesday....
SKorean prosecutors quiz US fund chief over bank deal
- 2008-01-13
SEOUL AFP — South Korean prosecutors Monday summoned the head of US buyout firm Lone Star for questioning about its controversial purchase of a local bank in 2003. John Grayken, who came voluntarily to South Korea to testify last week in a share manipulation trial allegedly involving his fund,...
Asia: Korea - HSBC Plays Waiting Game On KEB Deal - The Acquisition By International Giant HSBC Of The Korea Exchange Bank Would Benefit Both Parties, But Is Politically Sensitive. Stephen Timewell Reports.
- 2008-01-01
Byline: STEPHEN TIMEWELL Back in September 2007, a deal was agreed whereby London-based HSBC would buy 51% of Korea Exchange Bank KEB for $6.3bn from US buyout firm Lone Star Funds. But while the deal makes good strategic sense both for Korea's fifth...
Deals Still Getting Done, But They Are Smaller
- 2007-10-01
The global credit crunch appears to be having a major impact on the size and financing of takeovers, where cash deals for much smaller targets are increasingly the rule. The biggest announced M&A transaction worldwide in August was a bid by Germany-based Henkel to acquire the adhesives and electronic materials...
HSBC buys S. Korean lender.
- 2007-09-05
HSBC is spending more than GBP3bn buying a controlling stake in Korea Exchange Bank John Adams HSBC is to pay $6.3bn (GBP3.1bn) for a 51 per cent stake in Korea Exchange Bank KEB, one of South Korea's biggest lenders. HSBC's chairman, Stephen Green, said...
HSBC to buy half of SKorean bank KEB for 6.3 billion dollars
- 2007-09-03
LONDON AFP — Global banking giant HSBC said Monday it had agreed to buy half of South Korea's sixth-biggest bank, but the deal could face regulatory problems because of legal cases involving the current owner. HSBC has agreed to pay about 6.3 billion US dollars (4.6 billion euros) in...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Richard Wacker | President, CEO & COO |
| Choong Suk Suh | CFO |
| Kevin W. Kneebone | Managing Director, Card Bank |
| Nak Keun Lee | Managing Director, Global Corp Bank |
| Organization | Position | Status |
|---|---|---|
| Korea Exchange Bank | President, CEO & COO | Current |
| Korea Exchange Bank | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Korea Exchange Bank | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Korea Exchange Bank | Managing Director, Card Bank | Current |
| Organization | Position | Status |
|---|---|---|
| Korea Exchange Bank | Managing Director, Global Corp Bank | Current |
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