JB Financial Group Co., Ltd. Reports Earnings Results for the Fourth Quarter and Full Year of 2020
February 08, 2021 at 02:30 am EST
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JB Financial Group Co., Ltd. reported earnings results for the fourth quarter and year of 2020. Net profit for the fourth quarter was also KRW 65.4 billion, which was the high ever in the fourth quarter.
The company recorded a record-high performance this year with annual net income of KRW 363.5 billion based on equity.
JB Financial Group Co Ltd is a Korea-based holding company mainly engaged in the financial industry. The Company operates its business through three segments. The Banking Business segment engages in the business of supplying funds in the form of short- and long-term loans to recipients of funds, using funds acquired in the form of deposits from the general public as the main source. The Specialized Credit Finance Business segment engages in the facility rental business, installment finance business, and new technology business finance business. The Other segment engages in collective investment business such as asset management business, investment advisory business, and discretionary investment business. In addition, this segment provides financial support and business management for subsidiaries.
JB FINANCIAL GROUP CO., LTD. 
