KB Financial Chairman Directs Executives to Monitor Presidential Cabinet Meeting on July 14

According to Yonhapinfomax, on July 14, KB Financial Group Chairman Yang Jong-hee directed executives to monitor a live presidential cabinet meeting focused on financial policy matters. During the State Council session, President discussed real estate tax reforms set for announcement by month-end, including proposals to increase tax burdens on ultra-high-value properties. The meeting also addressed measures to criminalize illegal lending exceeding five times the legal interest rate and examined debt relief criteria. KB executives skipped lunch to watch the broadcast in real-time, underscoring the chairman's emphasis on staying abreast of policy developments that directly impact financial institutions.
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