Korean bank financial in freefall on CEO risk

GMT 16:54 2014 Monday ,15 September

Arab Today, arab today Korean bank financial in freefall on CEO risk

Kookmin Bank branch
Seoul - Yonhap

KB Financial Group Inc. plunged more than 5 percent on the South Korean stock market on Monday amid expectations the chief of the country's No.2 banking group by market value may come under pressure from the company board to resign.
KB Financial stocks were trading at 38,950 won on the main bourse as of 10:30 a.m., sharply down 5.35 percent from Friday's close, on speculation that KB Financial's board would recommend chairman Lim Young-rok to resign.

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