The National Pension Service (NPS) said on the 28th that it welcomes KB Financial Group's decision to create the KB Finance Town in the Jeonbuk Innovation City, where its key affiliates will be brought together.

Kim Seong-ju, chair of the National Pension Service, attends a New Year press briefing at Space Share Seoul Station Center in Yongsan-gu, Seoul, on the 29th. /Courtesy of News1

KB Financial Group's decision is the first case since Kim Seong-ju, National Pension Service chairman, emphasized at a roundtable on the 13th with asset management companies that set up offices in Jeonju that "we will make sure Jeonju firmly establishes itself as a finance city centered on asset management."

KB Financial said it will open Jeonju offices for KB Securities and KB Asset Management this year and will also offer specialized non-face-to-face counseling services. It also said KB Insurance will build a metropolitan smart center.

At the KB Finance Town, in addition to about 150 employees already in the Jeonbuk Innovation City, roughly 100 more employees are expected to be stationed.

Kim said, "We welcome KB Financial Group's decision," adding, "With this decision by KB, we have taken a further step toward balanced national development. We also look forward to decisions by other domestic and overseas asset management companies."

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