Carlyle Invests 240 Billion KRW in KB Financial Convertible Bonds to "Build Strategic Partnership"

Signing of MOU for Strategic Partnership with 'Carlyle Asia Partners V'
Chairman Yoon Jong-kyu "Expecting to Discover New Investment Opportunities Domestically and Overseas"

[Asia Economy Reporter Kangwook Cho] The global investment firm The Carlyle Group has decided to invest 240 billion KRW in exchangeable bonds issued by KB Financial Group. Additionally, they signed a memorandum of understanding (MOU) for a strategic partnership between KB Financial and Carlyle Asia Partners V, a buyout fund within the Asian region.

On the 18th, KB Financial announced that it had signed an investment agreement with Carlyle following approval from its board of directors. Through this agreement, Carlyle plans to invest 240 billion KRW in exchangeable bonds issued using treasury shares held by KB Financial.

Furthermore, the two parties signed an MOU for a strategic partnership with Carlyle Asia Partners V, a buyout fund operating within the Asian region.

Through this strategic partnership, both companies intend to cooperate to create new investment opportunities by leveraging their strong networks domestically and internationally. They also plan to generate synergies in various areas, including KB Financial’s structured finance and funding support related to Carlyle’s domestic and overseas investments.

Yoon Jong-kyu, Chairman of KB Financial Group, stated, "By establishing a strategic partnership with Carlyle, a global leading investment firm, we expect to contribute to the growth of KB’s global division as well as create various business opportunities, including discovering new investment opportunities both domestically and overseas." He added, "Through KB Financial’s strong network secured in the Korean market, we will actively support Carlyle in seeking new domestic investment opportunities."

Kim Jong-yoon, Head of Carlyle Asia Partners Korea, said, "KB Financial has secured a leading position in the Korean market, which is also the background for establishing this strategic partnership." He continued, "KB Financial, which has secured stable growth, solid management capabilities, and high trustworthiness, demonstrated excellent crisis management skills even during the economic downturn triggered by COVID-19." Kim also expressed, "Carlyle will continue to strengthen its presence in Korea, and we look forward to cooperating closely with KB Financial through this partnership."

This content was produced with the assistance of AI translation services.