During the Kazakhstan-South Korea business forum, President Kassym-Jomart Tokayev held a meeting with the Chairman of the Board of Directors of BNK Financial Group, Bin Dae-In.
According to Akorda, the head of state welcomed the company's intention to transform its subsidiary microfinance organization, BNK Finance Kazakhstan, into a full-fledged second-tier bank. He believes that the presence of a leading South Korean bank in Kazakhstan will contribute to strengthening the trade and investment cooperation between the two countries.
The President urged the company to focus on corporate lending after completing the conversion process into a bank. He also emphasized the importance of utilizing advanced IT solutions in the banking sector.
BNK Financial Group Inc. is a South Korean financial group that includes Busan Bank, Kyongnam Bank, BNK Capital, and others. The group's assets amount to $129 billion, with a net income of $504 million. The group is listed in the Forbes Global 2000 as one of the world's largest companies.
It was previously reported that Kazakhstan and South Korea intend to expand the scope of their cooperation.
