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South Korea's KB Capital, Hong Kong's RMA Group ink cooperation pact

KB Capital Co. Ltd., the consumer finance and corporate leasing unit of South Korea's KB Financial Group Inc., signed a memorandum of understanding May 22 with Hong Kong's RMA Group to expand on their international business partnership.

The companies had previously collaborated in June 2017 when their Laotian units KB Kolao Leasing and RMA Lao worked together to provide vehicle installment financing, according to a June 7 release.

Under the MOU, KB Capital and RMA Group will exchange information on their Southeast Asian business networks as they seek to boost collaborative opportunities.