South Korea's JB Financial Group has entered the Central Asian market for the first time by acquiring a 100% stake in Kyrgyzstan's Epoke Company.
South Korean JB Financial Group is expanding its business into Central Asia by acquiring 100% of Kyrgyzstan-based financial company Epoke, seeking growth opportunities beyond the Southeast Asian market. Its subsidiary, JB Woori Capital, has agreed to acquire Epoke, which is the parent company of Kyrgyz financial firms Korky Credit and Korky Leasing. The transaction is expected to close by the end of the year, pending regulatory approvals and registration.
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