trending Market Intelligence /marketintelligence/en/news-insights/trending/rvNbYP-JCOdAvy_0NRA4Gw2 content esgSubNav
In This List

KB Kookmin Bank to reduce workforce in January 2017

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


KB Kookmin Bank to reduce workforce in January 2017

KB Kookmin Bank plans to cut about 13% of its workforce via a voluntary retirement program in order to improve productivity, Yonhap News Agency reported Dec. 23.

The layoffs will take effect Jan. 19, 2017.

The KB Financial Group Inc. unit will pay up to three years' worth of salary to those who apply for the program. So far, about 2,800 employees have applied for the program.