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| KB Kookmin Bank CEO Hur Yin |
KB Kookmin Bank CEO Hur Yin started visiting the commercial bank's foreign branches, Monday, about a month after being reappointed to serve a second term.
According to the bank, Tuesday, he will visit Kookmin Bank's branches in China, Hong Kong and Cambodia until Friday.
"The purpose of the CEO's visit is to encourage overseas employees, who have worked hard for our global business throughout this year," a Kookmin Bank spokesman said.
Kookmin Bank has been regarded as a "latecomer" in terms of its global drive.
Industry officials say Hur's visit to the foreign branches is to show the bank's efforts to spur its global expansion in 2020, amid declining profitability in the Korean market following the trend toward lower interest rates.
The chief executive is also expected to seek opportunities for M&As in Cambodia, which has emerged as one of the most important markets in Southeast Asia.
Kookmin Bank's Cambodian subsidiary posted a 2 billion won ($1.6 million) net profit during the first half of 2019, double the net profit of the first half of 2017.
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