BS Group said on the 9th that it signed a business agreement with KB Financial Group for expanding productive finance and shared growth and agreed to build a strategic cooperation system.
At the signing ceremony, three BS Group companies—BS Boseong, BS Hanyang, and BS Industry—and five KB Financial Group companies—KB Kookmin Bank, KB Securities, KB Asset Management, and KB Capital—took part.
The main areas of cooperation are ▲ renewable energy and eco-friendly power generation plants ▲ energy infrastructure such as energy hub terminals, ports, and utilities ▲ artificial intelligence (AI) new cities and data centers ▲ real estate supply such as housing and industrial complexes ▲ financial services such as mergers and acquisitions (M&A) and initial public offerings (IPO) ▲ ESG management.
BS Group will handle the identification, development, and operation of joint projects, while KB Financial Group will take on fundraising and financial support. A BS Group official said, "Cooperation with a financial partner is important to push ahead seamlessly with large-scale projects such as dwellings, urban development and energy infrastructure, and AI data centers," adding, "Through cooperation with KB Financial Group, the largest financial group in Korea, we expect to speed up project execution, discover new growth engines, and create synergy across the entire process of putting them into action."