KB Financial Group Inc - KB STOCK NEWS

FriendliAI introduces Friendli Dedicated Endpoints, a managed cloud service providing automated, cost-effective, and high-performance custom model serving. By leveraging the Friendli Engine, users can streamline the process of building and serving Large Language Models (LLMs) with significant reductions in GPU costs. The service aims to democratize generative AI and unlock endless possibilities for users of all technical backgrounds.

RSN, a leading AI-driven big data analytics player, secures a spot in the prestigious '2024 Asia-Pacific High Growth Company' list by Financial Times and Forbes Korea, showcasing remarkable growth with a 3-year revenue growth rate of 81.7% and a CAGR of 22%.

FriendliAI (FRAI) announces the launch of Friendli Serverless Endpoints, providing accessible development with generative AI models. The service removes technical barriers, democratizing access to cutting-edge generative AI models for developers, data scientists, and businesses of all sizes. CEO Byung-Gon Chun highlights the removal of infrastructure and GPU optimization hurdles, enabling seamless integration of state-of-the-art models like Llama 2 and Stable Diffusion at low costs and high speeds.

MUSINSA, a Seoul-based fashion e-commerce store, partners with 88rising's Head in the Clouds Music & Arts Festival to showcase trendsetting K-fashion brands. The company features over 500 K-fashion labels in 13 countries worldwide, with a valuation exceeding $2.5 billion. MUSINSA also supports small and medium-sized fashion brands through its fashion-specialized venture capital. The platform's brand ambassadors, NewJeans, are a global K-pop sensation.

On April 26, 2023, KB Financial Group filed its Annual Report on Form 20-F for the year ending December 31, 2022 with the U.S. Securities and Exchange Commission. The report details the company's financial performance and can be accessed on www.kbfg.com and the SEC website. Investors can request a free hard copy by contacting kbir@kbfg.com. Established in 2008, KB Financial Group is Korea's leading financial services provider with 12 subsidiaries, including KB Kookmin Bank and KB Securities, offering a wide range of financial products and solutions.

KB Kookmin Bank has joined the GLN network to enhance its global payment services. This partnership will allow customers in Thailand, Taiwan, Singapore, Japan, Vietnam, Laos, Hong Kong, Guam, and more to access mobile payment and ATM withdrawal services. The collaboration aims to strengthen the Korean financial ecosystem by providing Korea-driven payment solutions, reducing reliance on foreign networks. The CEO of GLN highlighted the necessity of cooperation among Korean financial institutions to succeed globally, marking this partnership as a significant step forward.

Wavebridge has partnered with KB Financial Group to develop a digital asset ecosystem following a signed MoU on November 7, 2022. The collaboration aims to enhance global competitiveness in the digital asset sector and adapt to changing regulatory landscapes. Key initiatives include advancing the KB DAM AI investment analysis platform, creating digital asset index-based products, and launching investor protection systems. Additionally, they will strengthen global operations via Wavebridge's US-based asset manager, NEOS, promoting international ETFs.

KB Financial Group Inc. filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC on April 27, 2022. The report is available for download on www.kbfg.com and the SEC's website. Established in 2008, KB Financial is a leading South Korean financial services provider with 13 subsidiaries, including KB Kookmin Bank and KB Securities. The group focuses on delivering integrated financial solutions to meet clients' needs.

On April 27, 2021, KB Financial Group filed its Annual Report on Form 20-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission. The report is accessible for download on the company's website www.kbfg.com and the SEC's site www.sec.gov. Investors can also request a hard copy of the report free of charge. KB Financial Group, established in 2008, offers a wide range of financial services through its 13 subsidiaries, aiming to provide integrated solutions for clients.