JB Financial Group expands into Central Asia with Kyrgyz acquisition

JB Financial Group is expanding into Central Asia through an acquisition in Kyrgyzstan, seeking new growth opportunities beyond its established Southeast Asian markets. Its subsidiary JB Woori Capital has agreed to acquire a 100 percent stake in Epoke, the parent company of Kyrgyz financial firms Korky Credit and Korky Leasing. Woori expects to close the deal by year-end, pending regulatory approval and registration. The acquisition marks JB Financial's entry into Kyrgyzstan, a fast-growing mark

Source: The Korea Herald