KB, which derives about 63 percent of its
profits from KB Kookmin Bank, has been seeking to strengthen its brokerage business through M&As as
lending margins plunge. Last year,
it lost out to Mirae Asset Financial in the takeover race for the industry’s
second-ranked KDB Daewoo Securities. KB owns its own brokerage, which has only
a miniscule presence in the
industry.
- brokerage business : 중개업
- plunge : 감소
- lose out to someone/somthing : ~에게 밀려나다
- miniscule : 작은, 소수의
The stake sale is part of Hyundai Group’s
plan to salvage its flagship Hyundai
Merchant Marine, which recently entered into a debt settlement agreement with
creditors. The group has promised its creditors to complete the deal by June.
- salvage : 구제하다
- flagship : 주력(대표) 상품, 제품
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