Company Overview of Korea Development Bank
Korea Development Bank provides various banking products and services in South Korea. The company’s deposit products include demand, time, and savings deposits; and certificates of deposit. Its corporate banking products include corporate loans, such as facility capital loans, working capital loans, etc.; equity investments, public/corporate bonds, private placement securities, etc.; and debt guarantees, payment guarantees, bond guarantees, etc. The company also provides investment banking products comprising merger and acquisition, TechnoBanking, venture capital, project finance, private equity fund, and other funding services; and international banking products, including syndication, stru...
Key Executives for Korea Development Bank
Chairman of The Board and Chief Executive Officer
Vice Chairman and Chief Operating Officer
General Manager of New York Branch
Compensation as of Fiscal Year 2015.
Korea Development Bank Key Developments
KDB To Sell Units
Aug 26 15
Korea Development Bank (KDB) intends to sell it entities. KDB said on August 24, 2015, that its board of Directors approved the plan to sell Daewoo Securities Co., Ltd. (KOSE:A006800), KDB Asset Management Co., Ltd. and KDB Capital Corp. Market watchers said the price of Daewoo Securities is expected to top KRW 3 trillion. "We will set up the Financial Affiliates Sales Committee to push for the sales process transparently and fairly," said KDB Director Lee Dae-hyun. He said KDB will sell its stake in the brokerage house by accepting applications from multiple bidders to make the process more transparent and fair. According to the law, the sales process will be pushed for with at least two qualified bidders. KDB said it will appoint two lead managers one from a local company and the other from a foreign company. They will calculate the deal price based on KDB Daewoo Securities' assets and corporate value before the main bidding process begins. An accounting company and a law firm also will be selected to offer consulting services for the deal.
Korea Development Bank Reportedly Seeks To Sell Stakes In Daewoo Securities
Aug 23 15
Korea Development Bank will consider an option to sell its controlling stake in Daewoo Securities Co., Ltd. (KOSE:A006800) to a Chinese group as it seeks to find a preferred bidder by the end of this year, people familiar with the matter said on August 23, 2015. Anbang Insurance Group Co., Ltd. and CITIC Group Corporation may join the auction to sell the Korean brokerage company, said an official from a creditor bank. KDB plans to hold a board meeting on August 24, 2015, to vote on the sale plan and to hold a press conference at its headquarters in Yeoido, western Seoul. Next month, KDB plans to name a lead manager to handle the auction and start the process from November. The deal will collapse if there are not multiple bidders.
KB Financial Eyes Acquisition of KDB Daewoo Securities
Jul 27 15
KB Financial Group, Inc. (KOSE:A105560) decided to join the bid to acquire Daewoo Securities Co., Ltd. (KOSE:A006800). “It is worth considering the acquisition [of KDB Daewoo Securities],” a high-ranking official at KB Financial Group said, “we’ll place the acquisition high on the agenda after terms and conditions for the sale are set.” Korea Development Bank will begin market research to look for prospective acquirers in mid-August and will officially announce details of its disposal in September upon consultations with financial authorities.
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