KB Capital Partners with HD Hyundai Infracore for Local Collaboration in Indonesia

Providing Installment Financing for Local Construction Equipment Purchases

KB Capital is supporting HD Hyundai Infracore's local operations in Indonesia together with KB Bukopin Bank.

On the 9th, KB Capital announced that it signed a business agreement with KB Bukopin Bank and HD Hyundai Infracore, the nation's top construction machinery manufacturer and seller, at the Ritz-Carlton Hotel in Jakarta, Indonesia, on the 8th (local time).

Accordingly, KB Capital's Indonesian local subsidiary, 'Sun Indonesia National Best Finance,' will provide low-interest installment financing services available for purchasing construction machinery locally in Indonesia. Additionally, they plan to collaborate to discover financial products that meet various customer financial demands and expand their business scope throughout Southeast Asia.

In particular, by collaborating with KB Bukopin Bank, with which they signed the business partnership agreement, and KB Financial Group affiliates operating in Indonesia, they will provide comprehensive financial services covering retail to wholesale and insurance to HD Hyundai Infracore's customers.

Hwang Su-nam, CEO of KB Capital, stated, "We will offer customer-centric competitive interest rates to customers wishing to purchase construction machinery locally in Indonesia, and expand cooperation in various areas, including introducing comprehensive financial services linked with local subsidiaries under KB Financial Group such as KB Bukopin Bank."

Hwang Su-nam, CEO of KB Capital (fourth from the left), Lee Woo-yeol, President of KB Bukopin Bank (fifth from the right), and Cho Young-chul, CEO of HD Hyundai Infracore (center), signed a business partnership agreement in Indonesia on the 8th (local time) and are taking a commemorative photo with officials. (Photo by KB Capital)