South Korea's Kookmin to take controlling stake in Indonesia's Bank Bukopin

South Korea's Kookmin to take controlling stake in Indonesia's Bank Bukopin

Indonesian currency Rupiah on hold by a cashier. Photo: Reuters

South Korea’s KB Kookmin Bank plans to take a controlling stake in Bank Bukopin, Indonesia’s Financial Services Authority (OJK) said in a statement, noting the mid-sized lender needed to strengthen its capital and liquidity.