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KB Financial Executives Offer to Quit Over Leaks, Official Says

Top executives at KB Financial Group Inc. and its Kookmin Bank and credit card units offered to resign as South Korean regulators investigate leaks of client information, a KB Financial official said.

A total of 27 executives including Kookmin Bank Chief Executive Officer Lee Kun Ho and KB Kookmin Card Co. CEO Shim Jae Oh sent resignation letters to KB Financial CEO Lim Young Rok today, the official said, asking not to be named, citing company policy. Lim hasn’t decided whether to accept the offers, the official said.