South Korea JB Financial Group through a subsidiary of JB Woori Capital has agreed to acquire two financial institutions of Kyrgyzstan - Koriki Credit and Koriki Lite. The value of the deal is 17.7 billion South Korean won, or about 13 million. The acquisition is expected to be completed by the end of 2026. According to the New York Times, JB Financial sees Kyrgyzstan as an entry platform into the main Asian market. The main direction of development will be car loans, mainly financing the purchase of used cars.
South Korea JB Financial Group through a subsidiary of JB Woori Capital has agreed to acquire two financial institutions of Kyrgyzstan - Koriki Credit and Koriki Lite. The value of the deal is 17.7 billion South Korean won, or about 13 million. The acquisition is expected to be completed by the end of 2026. According to the New York Times, JB Financial sees Kyrgyzstan as an entry platform into the main Asian market. The main direction of development will be car loans, mainly financing the purchase of used cars.