MIRA
INFORM REPORT
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Report Date : |
24.10.2008 |
IDENTIFICATION DETAILS
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Name : |
KOOKMIN BANK CO., LTD. |
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Registered Office : |
Kookmin Bank Head Office, 9-1, Namdaemunno 2-ga, Jung-gu, |
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Country : |
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Financials (as on) : |
30.06.2008 |
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Date of Incorporation : |
01.11.2001 |
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Com. Reg. No.: |
201-81-68693 |
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Legal Form : |
Listed Company |
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Line of Business : |
Domestic Commercial Banking |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
Basic
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Company
Name |
KOOKMIN BANK CO., LTD. |
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Registered Address |
9-1, Namdaemunno 2-ga, Jung-gu, |
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Building |
Kookmin Bank Head Office |
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Zip Code |
100-703 |
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Tel |
+82-2-2073-7114 |
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Fax |
+82-2-2073-5209 |
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Website |
www.kbstar.com |
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Trading Address- Myeongdong Office |
Kookmin Bank Head Office, 9-1, Namdaemunno
2-ga, Jung-gu, |
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Tel |
+82-2-2073-7114 |
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Fax |
+82-2-2073-5209 |
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Trading Address-Yeoido Office |
36-3 Yeoido-dong, Yeongdeungpo-gu, |
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Tel |
+82-2-2073-7114 |
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Trading Address-Yeoido Office 2 |
15-22 Yeoido-dong, Yeongdeungpo-gu, |
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Tel |
+ 82-2-2073-7114 |
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Other Branch-Sichongyeok Branch |
32, Euljiro 1-ga ,Jung-gu, Seoul, Korea |
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Tel |
+82-2-756-5041 |
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Other Branch |
1-4, Yeong-dong, Suncheon-si, Jeollanam-do , Korea |
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Tel |
+82-61-752-7475~7 |
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Fax |
+82-61-753-7478 |
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Suyeong Branch |
1059-25, Gwangan 3-dong, Suyeong-gu, Busan, Korea |
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Tel |
+82-51-754-0114~7 |
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Other Branch |
1076-4, Seonbu-dong, Danwon-gu, Ansan-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-403-0312~4 |
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Fax |
+82-31-414-0098 |
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Haeundae U dong Branch |
1078-1, U 2-dong, Haeundae-gu, Busan, Korea |
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Tel |
+82-51-743-6601~4 |
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Other Branch |
112-1, Yeokgok-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
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Tel |
+82-32-342-0092~4 |
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Fax |
+82-32-342-5787 |
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Other Branch |
122-4, Chunui-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
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Tel |
+82-32-684-6156~9 |
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Fax |
+82-32-683-2740 |
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Other Branch |
1238, Bunpyeong-dong, Heungdeok-gu,
Cheongju-si, Chungcheongbuk-do, Korea |
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Tel |
+82-43-294-7756~9 |
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Fax |
+82-43-294-7760 |
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Other Branch |
1324-2, Yeonhyang-dong, Suncheon-si,
Jeollanam-do, Korea |
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Tel |
+82-61-725-1344 |
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Fax |
+82-61-725-1344 |
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Other Branch |
1324-2, Yeonhyang-dong, Suncheon-si,
Jeollanam-do, Korea |
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Tel |
+82-61-721-0405~8 |
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Fax |
+82-61-721-0403 |
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Other Branch |
134-7, Wonmi 2-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
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Tel |
+82-32-665-4112~8 |
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Fax |
+82-32-611-3568 |
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Mora Branch |
1362, Mora-dong, Sasang-gu, Busan, Korea |
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Tel |
+82-51-314-1531~4 |
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Other Branch |
1474-1, Ido 1-dong, Jeju-si, Jeju-do, Korea |
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Tel |
+82-64-753-0152~4 |
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Fax |
+82-64-755-6617 |
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Gwangbokdong Branch |
15, Changseondong 1-ga, Jung-gu, Busan, Korea |
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Tel |
+82-51-241-1541~5 |
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Other Branch |
15-1, Jungangdong 2-ga, Jung-gu, Busan, Korea |
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Tel |
+82-51-250-1647 |
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Busan Branch |
15-1, Jungangdong 2-ga, Jung-gu, Busan, Korea |
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Tel |
+82-51-248-0271~84 |
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Other Branch |
15-22, Yeoeuido-dong, Yeongdeungpo-gu,
Seoul,
Korea |
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Tel |
+82-2-2073-3051 |
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Fax |
+82-2-2073-3098 |
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Other Branch |
151-6, Oncheon 1-dong, Dongnae-gu, Busan, Korea |
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Tel |
+82-51-553-0602~5 |
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Fax |
+82-51-553-0605 |
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Other Branch |
1511-4, Dangu-dong, Wonju-si, Gangwon-do, Korea |
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Tel |
+82-33-765-8212~4 |
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Fax |
+82-33-765-8235 |
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Other Branch |
160-5, Geumgu-ri, Okcheon-eup, Okcheon-gun,
Chungcheongbuk-do, Korea |
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Tel |
+82-43-733-2962~4 |
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Fax |
+82-43-733-2965 |
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Other Branch |
161-3, Maegyo-dong, Paldal-gu, Suwon-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-234-6491~5 |
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Fax |
+82-31-234-6496 |
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Other Branch |
2-3, Dongseong-dong, Jinju-si,
Gyeongsangnam-do, Korea |
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Tel |
+82-55-745-7882~5 |
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Fax |
+82-55-745-5981 |
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Other Branch |
244-33, Sosabon 3-dong, Sosa-gu,
Bucheon-si, Gyeonggi-do, Korea |
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Tel |
+82-32-347-8312~5 |
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Fax |
+82-32-347-2926 |
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Other Branch |
27-1, Jungangro 2-ga, Chuncheon-si,
Gangwon-do, Korea |
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Tel |
+82-33-241-2223~7 |
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Fax |
+82-33-241-2221 |
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Other Branch |
273-11, Yeon-dong, Jeju-si, Jeju-do, Korea |
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Tel |
+82-64-743-1972~4 |
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Fax |
+82-64-743-1975 |
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Other Branch |
303-43, Taein-dong, Gwangyang-si,
Jeollanam-do, Korea |
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Tel |
+82-61-792-1312~4 |
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Fax |
+82-61-792-1211 |
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Other Branch |
326-4, Namyang-dong, Samcheok-si,
Gangwon-do, Korea |
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Tel |
+82-33-573-5071~2 |
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Fax |
+82-33-574-5073 |
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Other Branch |
330, Seongseo-dong, Chungju-si,
Chungcheongbuk-do, Korea |
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Tel |
+82-43-852-1352~7 |
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Fax |
+82-43-852-1358 |
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Busan Choryang Branch |
375, Choryang-dong, Dong-gu, Busan, Korea |
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Tel |
+82-51-465-0431~8 |
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Yangjeong Branch |
393-12, Yangjeong-dong, Busanjin-gu, Busan, Korea |
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Tel |
+82-51-864-3162~4 |
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Fax |
+82-51-864-3165 |
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Other Branch |
397-50, Bujeon-dong, Busanjin-gu, Busan, Korea |
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Tel |
+82-51-809-5301~4 |
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Fax |
+82-51-809-5524 |
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Gupo Branch |
399-4, Deokcheon-dong, Buk-gu, Busan, Korea |
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Tel |
+82-51-334-3111~4 |
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Other Branch |
40, Mansu 4-dong, Namdong-gu, Incheon,
Korea |
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Tel |
+82-32-464-1202~6 |
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Other Branch |
401, Sang-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
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Tel |
+82-32-323-9012~4 |
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Fax |
+82-32-323-9026 |
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Togok Branch |
419-4, Yeonsan-dong, Yeonje-gu, Busan, Korea |
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Tel |
+82-51-759-4161~4 |
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Guseo-dong Branch |
457-2, Guseo-dong, Geumjeong-gu, Busan, Korea |
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Tel |
+82-51-517-8882~5 |
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Fax |
+82-51-515-7652 |
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Other Branch |
458-5, Gil 1-dong, Gangdong-gu,, Seoul, Korea |
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Tel |
+82-2-470-0462~5 |
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Fax |
+82-2-470-1888 |
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Other Branch |
48, Wonmi-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
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Tel |
+82-32-612-3112~4 |
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Fax |
+82-32-611-6637 |
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Other Branch |
49-3, Ildo 2-dong, Jeju-si, Jeju- do, Korea |
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Tel |
+82-64-723-0078~9 |
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Fax |
+82-64-723-0080 |
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Other Branch |
502-1, Gamjeon-dong, Sasang-gu, Busan, Korea |
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Tel |
+82-51-316-2182~7 |
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Fax |
+82-51-316-2189 |
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Other Branch |
51-5, Banpo 4-dong, Seocho-gu, Seoul, Korea |
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Tel |
+82-2-593-0682~5 |
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Fax |
+82-2-595-6446 |
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Other Branch |
530, Gojan-dong, Danwon-gu, Ansan-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-483-9662~9 |
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Fax |
+82-31-401-4860 |
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Other Branch |
531-1, Daeya-dong, Siheung-si, Gyeonggi-do, Korea |
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Tel |
+82-31-312-6822~5 |
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Fax |
+82-31-311-2399 |
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Other Branch |
535-5, Bujeon-dong, Busanjin-gu, Busan, Korea |
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Tel |
+82-51-816-9931 |
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Sasang station Branch |
546-11, Gwaebeop-dong, Sasang-gu, Busan, Korea |
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Tel |
+82-51-328-5601~4 |
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Namcheon center Branch |
556-15, Namcheon-dong, Suyeong-gu, Busan, Korea |
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Tel |
+82-51-625-2372 |
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Other Branch |
576-3, Ojeong-dong, Ojeong-gu, Bucheon-si,
Gyeonggi-do, Korea |
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Tel |
+82-32-682-0092~4 |
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Fax |
+82-32-682-0093 |
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Other Branch |
581-1, Sinan-dong, Jinju-si, Gyeongsangnam-do, Korea |
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Tel |
+82-55-748-3212~4 |
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Fax |
+82-55-748-3215 |
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Yeonsan Branch |
675-9, Yeonsan 4-dong, Yeonje-gu, Busan, Korea |
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Tel |
+82-51-863-4122 |
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Other Branch |
679-2, Jung-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
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Tel |
+82-32-653-8502~5 |
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Fax |
+82-32-653-8509 |
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Other Branch |
7-1, Jungang-dong 3-ga, Iksan-si,
Jeollabuk-do, Korea |
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Tel |
+82-63-853-3402~6 |
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Fax |
+82-63-851-1778 |
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Other Branch |
7-1, Jungang-dong 3-ga, Iksan-si,
Jeollabuk-do, Korea |
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Tel |
+82-63-853-3402~6 |
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Fax |
+82-63-851-1778 |
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Other Branch |
726-2, Nohyeong-dong, Jeju-si, Jeju-do, Korea |
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Tel |
+82-64-746-9916~8 |
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Fax |
+82-64-747-0993 |
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Other Branch |
763-3, Jisan-dong, Pyeongtaek-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-665-7112~6 |
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Fax |
+82-31-665-7117 |
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Other Branch |
79-3, Jungangro 2-ga, Jecheon-si,
Chungcheongbuk-do, Korea |
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Tel |
+82-43-644-3602~4 |
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Fax |
+82-43-644-7841 |
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Other Branch |
813-5, Won-dong, Osan-si, Gyeonggi-do, Korea |
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Tel |
+82-31-372-2821~5 |
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Fax |
+82-31-372-2826 |
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Other Branch |
871, Bono-dong, Sangnok-gu, Ansan-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-408-4982~5 |
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Fax |
+82-31-408-4987 |
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Other Branch |
873-4, Bono-dong, Sangnok-gu, Ansan-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-409-9911~2 |
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Fax |
+82-31-409-9913 |
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Other Branch |
880-6, Osan-dong, Osan-si, Gyeonggi-do, Korea |
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Tel |
+82-31-372-9022~5 |
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Fax |
+82-31-372-9027 |
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Dadae-dong Branch |
891, Dadae-dong, Saha-gu, Busan, Korea |
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Tel |
+82-51-265-0240~2 |
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Type |
Service |
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Industry |
Domestic Commercial Banking |
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Main Business |
Deposit, Loan Services, Internet Banking Services |
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Established (mm/dd/yyyy) |
11/01/2001 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Business and corporate management consultation services(80101500) |
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Sell |
Privately owned banks(84121501) |
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Sell |
Internet services(81112100) |
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Sell |
Mortgage banking(84121900) |
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Sell |
Credit card service providers(84141602) |
CEO’s
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Name |
Kang Chung-Won |
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Date of Birth |
12/19/1950 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
1,681,895,580,000
KRW |
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Employees |
26,406 |
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Formation |
Listed Company (Korea Stock Exchange :
060000) as of 11/09/2001 Listed Company (New York Stock Exchange ) as
of 11/01/2001 Foreign Direct Investment Corporation A Company of Kookmin Bank(KB) Group |
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Bank Details |
Kookmin Bank-HQ |
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Corporate Registered No. |
110111-2365321 |
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Business Registered No. |
201-81-68693 |
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Permit & Licenses |
09/19/2003 ISO 9001 10/03/2003 ISO 9001 Int’l Trade No.: 001171 |
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Shareholder Position |
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Company History
05/28/2008 ‘Wine Time Deposit’ is selected as
2008 Korea Best Product (Korea Management Association Consulting)
05/27/2008 CEO Kang won the Grand Prize in Korea
Best CEO Awards (ECONOMY21)
05/16/2008 Selected as Korea’s best retail
bank for six straight years (The Asian Banker)
04/28/2008 Selected as the Most Popular Brand
in Banking Sector by college students (Job Korea)
04/17/2008 Successfully issued Samurai bond
for the first time in Korean commercial banking history
04/14/2008 Topped the banking category in the
2008 Brand Star Survey (Brand Stock)
04/10/2008 KB Card received Grand Prize in
HanKyung Marketing Awards (Korea Economic Daily)
04/03/2008 Ranked 180th among the Global 2000
Companies (Forbes)
04/02/2008 Ranked 5th in Korea 100 best
brands for 1st Quarter, 2008 (Brand Stock)
04/14/2008 BOD approved the acquisition of
shares of BankCenterCredit in Kazakhstan
04/11/2008 Acquisition of Hannuri investment
& securities is completed KB Investment & Securities (former Hanniri)
starts its business and operation
04/05/2008 Ranked first in the K-BPI for 10
straight years (Korea Management Association Consulting)
02/28/2008 Received a Grand Prize in Korea
Web Awards by Ministry of Information & Communication (Korea Economic
Daily)
01/29/2008 Selected as best sales company in
2007 Korea Funds Awards (Maeil Business News & Zeroin)
01/23/2008 Won the banking sector grand prize
in awards of best brand preferred by 500 large company CEO (The New Management)
01/16/2008 Won the Best Domestic Bank Awards
(The Asset)
01/11/2008 Received Grand Prize in 2008
Customer Satisfaction Management Awards in Credit Card Sector (Korea Economic daily)
01/02/2008 Ranked 6th in 2007 Korea 100
brands (BrandStock)
12/28/2007 F-IRB for BaselⅡwas approved
for the first time among Korean Banks
12/11/2007 KB Card, selected as Best Credit
Card in NCSI(National Customer Satisfaction Index) by Korea Productivity Center
12/11/2007 Selected as No. 1 Bank in
NCSI(National Customer Satisfaction Index) for two consecutive years by Korea
Productivity Center
12/06/2007 Selected as Best Bank by
Structured Products Magazine
12/04/2007 Established Representative Office
at Kiev in Ukraine
11/29/2007 Chung-Won Kang, CEO of KB was
awarded No. 1 in ‘CEO Grand Prix’ by CEO Research Forum and Moneytoday
11/13/2007 Established Representative Office
at Ho Chi Minh City in Vietnam
10/28/2007 Selected as ‘PB Best of Best’
among Banking Sector by Hankyung Business
10/25/2007 Selected as No. 1 in KCSI(Korean
Customer Satisfaction Index) among Banking Sector by Korea Management
Association Corporation
09/27/2007 Selected as Best Local Cash
Management Bank by Asiamoney
09/06/2007 [Country Awards For Achievement
2006] selected as Best Cash Management Bank in Korea by Finance Asia
09/06/2007 [Country Awards For Achievement
2006] selected as the Best Bank in Asia by Finance Asia
09/04/2007 Selected as No. 1 among banks in
National Brand Competitiveness Index (NBCI) by Korea Productivity Center
07/12/2007 Ranked 349th among Top 500 global
corporates by Fortune
06/21/2007 Awarded Best Brand in Korea
(DongA.com, iMBC, Hankyung.com)
06/08/2007 Selected as Bes Retail Bank in
Korea for five consecutive years
04/26/2007 [2007 Brand Power Awards] selected
as the Best Bank by Munhwa Daily
04/16/2007 Selected as No. 1 among banks by
BrandStock
03/30/2007 Ranked as No. 182 among Global
2000 Companies by The Forbes
03/21/2007 Credit Rating was upgraded to A by
S&P
12/20/2006 Chung-Won Kang, CEO of KB was
awarded as 'Best Leader in Korea' by Hankook Daily
12/11/2006 Ranked No. 1 among banks in
National Customer Satisfaction Index(NCSI) by Korea Productivity Center
12/04/2006 Selected as 'Bank of The Year' by
The Banker
11/29/2006 Selected as No. 1 among banks in
Brand Conference 2006 by the Institute for Industrial Policy Studies
11/09/2006 Awarded 2006 Social Contribution
Corporate Awards by Hankyung Daily & Open Management Research Inc.
10/23/2006 Selected as No. 1 among banks in
National Brand Competitiveness Index(NBCI) by Korea Productivity Center
10/14/2006 Concluded MOU with ICBC for Global
CMS Project
09/07/2006 [Country Awards For Achievement
2006] selected as the Best Bank in Asia by Finance Asia
08/31/2006 [2006 Korea Service Awards]
selected as the Best among financial institutions by Moneytoday
08/29/2006 [2006 Brand Power Awards] selected
as the Best bank by Munhwa Daily
07/13/2006 Ranked 364th in terms of sales
volume and 10th in terms of net income increase among top 500 corporates by
Fortune
07/10/2006 2005
Annual Report awarded for silver prize in vision award
07/13/2006 Ranked 364th in terms of sales
volume and 10th in terms of net income increase among top 500 corporates by
Fortune
07/10/2006 2005 Annual Report awarded for
silver prize in vision award
06/28/2006 Seclected as the corporate with
excellent corporate governance by Corporate Governance Service
06/25/2006 Ranked 5th among top 100 firms in
Korea by Hankyung Business
06/13/2006 Selected the best retail bank in
Korea for four consecutive years by The Asian Banker
06/12/2006 Ranked 236th among the world's top
500 firms in terms of market capitalization by Financial Times
06/08/2006 KB Cards, selected as the best
brand in Korea (DongA.com, iMBC, Hankyung.com)
06/07/2006 Selected as the best brand in
Korea (Hankyung Daily)
04/27/2006 No. of Mobile banking customers
exceeded 1 million
04/21/2006 Received "Marketing
Award" by Hankyung Economic Daily
03/23/2006 Ranked 286th among 2000 major
corporates (Forbes)
03/15/2006 Chung Won Kang selected for
"Leadership Award" by The Asian Banker
02/21/2006 Selected as the best IR Website in
the Asian/Pacific/African Region for three consecutive years by MZ Consult
12/20/2005 Ranked Asia's top 10 bank by
Moody's
10/31/2005 [2005 Spotlight Awards] 2004
Annual Report awarded "Gold Prize" by LACP
10/28/2005 Completed the coporate governance
improvement
07/25/2005 Ranked 76th in terms of Tier I
Capital and 72th in Total Assets by The Banker
06/13/2005 Ranked 412nd among the world's top
500 firms in aggregate value of listed stocks (USD15 billion) by Financial
Times
06/13/2005 Ranked 12nd among the Asia's top
300 firms in terms of Total Assets by Yazhou Zhoukan
05/27/2005 Selected the best retail bank in
Korea for 2003 by The Asian Banker
04/20/2005 Launched the mobile stock service
for the first time in Korea
04/04/2005 Initiated BASEL II Loan System for
the first time in the Korean banking Industry
03/02/2005 Opened "KB Satellite
Broadcasting" with comprehensive audition way for the first time in the
world
02/15/2005 Upgraded S&P credit rating
outlook from BBB+, Negative to BBB+, Stable
02/14/2005 Issued "KB Star Credit
Card"
01/31/2005 Selected as the best IR Website in
the Asian/Pacific/African Region for two consecutive years by MZ Consult
01/24/2005 Developed the Sales Total System
(STS) that comprehensively supports the investment trust product consulting
01/03/2005 Announced "KB Customer Satisfaction
Charter"
12/06/2004 Initiated Continuous Linked
Settlement (CLS) service
11/09/2004 Held the signing ceremony for the
integration of 3 Labor Unions: Former Kookmin Bank, H&CB, KCC
11/03/2004 Lanched 'KB Electronic Passbook'
in nationwide for the first time in Korea
11/01/2004 Initiated time & installment
savings product using telephone for the first time in the Korean banking
industry
10/29/2004 Held Extraordinary Shareholders
Meeting and appointed the new CEO, Kang, Chung Won
10/08/2004 Opened the largest Call Center in
Korea
10/07/2004 Signed the business agreement with
Nara Bank, a Korean resident bank in America
10/01/2004 Launched the mobile banking
service, "M Bank" with SK Telecom
09/15/2004 Ranked 5th in Asia and best in
Korea in terms of corporate governance by CLSA
09/06/2004 Selected the best bank in Internet
Banking Service in Korea by Stockpia
08/31/2004 Signed the joint investment
agreement for KB Life Insurance with ING Insurance International B.V.
08/03/2004 Selected the best bank in Internet
Banking Service in Korea for five consecutive years by Korea Management
Association Consulting
07/25/2004 Ranked 79th in terms of Tier I
Capital and 75th, Total Assets by The Banker
07/22/2004 Signed FX business agreement with
China Construction Bank
07/19/2004 Selected the Best Bank in Korea
for four consecutive years by Euromoney
07/13/2004 [2004 International ARC Awards
Competition] "Bronze" in Overall Annual Report: Banking and Financial
Services by MerComm
06/29/2004 Selected the best bank in 2004
Global Brand Capability Index by Japan Management Association Consulting
06/22/2004 Ranked 1st among the respected 30
Korea firms in shareholders' evaluation
by Dong-A Ilbo & Korea IBM BCS
06/07/2004 Issued the real estae fund for the
first time in Korea
06/03/2004 Selected the best bank in Internet
Banking Service in Korea by Stocpia
06/03/2004 Selected the consumer trust firm
in 2004 by The Korea Daily & Korea Consumer Forum
05/27/2004 Ranked 392th among the world's top
500 firms in aggregate value of listed stocks by Financial Times
05/20/2004 Selected the best retail bank in
Korea for 2003 by The Asian Banker
05/15/2004 Opened Foreign Exchange Portal
Website
05/04/2004 Sold investment trust product 10 trillion
won for the first time in Korea
04/30/2004 Joined United Nations Environment
Program Finance Initiative (UNEP FI) and CEO signed the statement of UNEP FI
04/29/2004 Established a new subsidiary, KB
Life Co., Ltd.
03/26/2004 Ranked 154th place in the world's
top 2000 firms by Forbes
03/18/2004 Ranked 1st brand value in the Korean banking industry by
Korea Management Association Consulting
03/12/2004 Launched ATMS for the first time
in Korea banking industry
03/10/2004 Signed the CEO pledge ceremony
'Ethical Management improves Korea'
03/08/2004 Issued KB Banking IC Credit Card,
the electronic bankbook for the first time in Korea
03/03/2004 Awarded 'The National Tax 500
Billion Won Tower' in 38th Tax Payer by National Tax Service
03/02/2004 Launched the mobile banking
service, 'K bank'
02/25/2004 Completed the anlysis system of
apartment price for the first time in Korea
02/02/2004 Launched PIN-PAD operations
01/22/2004 Ranked 8th globally in Shareholder
Performance Index by Mercer Oliber Wimon
01/22/2004 Selected as the best IR Website in
the Asian/Pacific/African Region by MZ Consult
01/17/2004 Ranked 5th among Korea's top 100
brands 2003 by The Korea Economic Daily & Brand Stock
12/19/2003 Awarded the best transparency
firms by Transparency International
12/17/2003 Fully privatized following the
Korean government's disposition of its stake in KB
12/16/2003 Completed the acquisition of 51%
stake in BII through Sorak Financial Holdings Consortium, in which KB holds a
25% stake
12/11/2003 Awarded the best value management
firm in 2003 by Korea Management Association Consulting
11/25/2003 Presidential Award for SMEs
financial support by Small and Medium Business Administration
11/20/2003 Signed the acqisition agreement of
stake in Bank Internasional Indonesia(BII)
10/30/2003 Ranked 5th out of all the Korean
firms and 1st (KRW 3.4 trillion) in bankin industry in terms of brand value in
2003
10/30/2003 Awarded the best customers'
satisfactory firm in 2003 by Goodday Sports Daily
10/27/2003 Awarded the brand power in 2003 by
Munhwa Daily
10/06/2003 Acquired ISO9001 authentication
related to Call Center & Loan Supporting Division
10/01/2003 Issued 'KB Card' in memory of the
integration between Kookmin Credit Card and KB BC Credit Card business
10/01/2003 Launched 'KB Apartment Market
Price' Service
09/30/2003 Merged with Kookmin Credit Card
09/30/2003 Awarded the best brand in Korea by
The Segye Times
09/29/2003 Selected the proud Korean firm by
Moneytoday, FN Research & Consulting
09/19/2003 Awarded the best firm selected by
fund managers & analysts, The Korean Economic Daily of Korean Industries
09/05/2003 Selected the model ethical
management model firm by The Federation of Korean Industries
09/03/2003 Launched "KB Bancassurance
Business"
09/01/2003 Launched Korea's first chip-based
service enabling users to perform mobile banking services to be called
"Bank On" using a mobilie phone with LG Telecom
08/27/2003 Revised terms and conditions of
the strategic alliance agreement with ING Group
08/07/2003 Acquired Internation Information
Security Standard ISO17799/BS7799 (British Standard 7799) for internet Banking
07/23/2003 Ranked 60th in terms of Tier I
Capital and 73rd , Total Assets by The Banker
07/22/2003 Ranked the 29th globally, 6th Asia
and 1st in Korea in project Financing Arrangement by Project Finance
International
07/10/2003 Selected the Best Power Brand Bank
in Korea by Moneytoday and FN Research & Consulting
07/07/2003 Ranked the 330th place among the top
500 firms in the world by Fortune
07/07/2003 Selected the Best Bank in Korea
for three consecutive years by Euromoney
07/04/2003 Ranked the 30th place among the
top 200 firms in the emerging market by BusinessWeek
07/04/2003 Ranked the 173rd place among the
top 500 firms in the world by Forbes
07/03/2003 Selected the Best Firm in
corporate governance in Korea by Corporate Governance Improvement Support
Center
07/01/2003 Reorganized and opened Cyber IR
website
06/24/2003 Selected the Best IR Firm in the
financial industry in Asia by Reuters
06/23/2003 Selected the Best Local Bank in
Korea for five cosecutive years by FinanceAsia
06/11/2003 Entered into S&P Asian 50
index
06/05/2003 Held the Web Casting IR for the
first time in Korea
06/05/2003 launched the construction on
Daejeon Call Center
06/04/2003 Selected as the first firm in
three consecutive years by consumers’evaluation by Efficiency Association
Consulting
05/30/2003 Signed Merger Agreement with
Kookmin Credit Card
05/27/2003 Awarded with the Grand Prize of
Satisfactory Services by Hankook Ilbo
05/26/2003 Launching “the business of selling
bonds at a teller’s window” and the sales of “ABS bonds” for the first time
among financial institutions
05/23/2003 Awarded with the Grand Prize of
the Best Excellency Chosen by Female Consumers by Woman Times
05/22/2003 Selected as the best bank in 2003
by Asiamoney
05/07/2003 Selected as the best recognition
and image bank by Brand Major
04/18/2003 Selected as the 5th place among the
“top 100 brands in Korea”by Korea Economic Daily and NB Worldwide
04/15/2003 Selected as one of the top 10
firms in corporate governance in Asia by CLSA and Asia Corporate Goverance
Institution
04/08/2003 Selected as the best firm in the
financial industry in the world by the Forbes
03/24/2003 Selected as the 5th best
management firm, the 2nd best IR firm, the 2nd best firm in realizing the
values of stockholders, the 2nd best firm in corporate goverance and the 4th
best financial management firm by FinanceAsia
03/21/2003 Selected as TOP brand by Segye
Ilbo
03/13/2003 Opened an office in Guangzhou,
China
03/04/2003 Selected as the first power brand
in five consecutive years by Efficiency Association in Korea
02/17/2003 Signed a business agreement for
Utilizing Credit Information with France-based Coface firm
02/07/2003 Awarded with the Grand Prize of
Power Brand by Herald Business
01/29/2003 Produced and distributed the book
titled“20 Years of Age: It’s the Time to be Familiar with Money,” a financial
common sense guide for new comers into the society
01/22/2003 Selected as the best bank in
corporate governance in Korea by Asset
01/22/2003 Selected as the best retail bank
in Korea in 2002 by Asian Banker
01/20/2003 Selected as the best IR firm in
four consecutive years by Asiamoney
01/20/2003 Opened a job-conversion support
center(CTC)
01/15/2003 Selected as the best bank in the
field of concluding contracts of the derivative products leading the currency
by Risk
01/10/2003 Launching the consulting committee
for candidates of non-exeutive directors
12/26/2002 Awarded the first
"Information Protection Grand Prize" by The Ministry of Information
and Communication
12/26/2002 Selected 6th among the top 10
large Korean businesses in 2002 by FEER
12/17/2002 Credit rating upgraded by Moody's
from "A3 stable" to "A3 positive"
12/14/2002 Selected "Best Firm in
Investor Relations in 2002" by Asiamoney
12/12/2002 Selected "Most Consumer
Preferred Products Provider in 2H2002" by Hankyoreh
12/06/2002 Opened "Gold & Wise"
private banking center in Dogok
12/04/2002 Agreed to maintain strategic
alliance with Dutch ING
12/02/2002 Launched "Lotto"
business, a federated lottery system on line
11/29/2002 Awarded "2002 Top Brand Grand
Prize" by Daehan Daily
11/21/2002 Opened the first private banking
center in Apgujeong
11/15/2002 Acclaimed to have KRW 1.4237
trillion of brand value in 2002, the highest of all banks by The Industrial
Policy Institute
11/15/2002 Initiated providing financial
services for SOHOs
11/11/2002 Initiated precious metal purchase
card services as the first of its kind in Korea
11/04/2002 Initiated wall and chair type
automated teller machine service as the first of its kind in Korea
10/30/2002 Selected "2002 Brand
Star" by The Korea Economic Daily
10/29/2002 Selected the best M&A by
FinanceAsia
10/24/2002 Awarded the best firm in Korea by
Korea Business Committee
10/24/2002 The best audit firm in Korea by
Korea Listed Companies Association
10/01/2002 Proclaimed New CI
09/25/2002 The bank's credit rating upgraded
by S&P (BBB → BBB+)
09/22/2002 Completed IT integration
09/11/2002 The bank's credit rating upgraded
by Fitch (BBB → A-)
09/04/2002 Selected the best bank in Korea in
three consecutive years by The Banker
08/30/2002 Exceeded KRW 200 trillion in total
assets
08/12/2002 Ranked 36th globally, 10th Asia
and 1st in Korea in project Financing Arrangement
07/23/2002 Won Grand-prix in Korea's Best
Internet Product (Maeil Economy Daily, Joongang-Ilbo, Korea Commerce Net)
07/18/2002 Ranked 68th in terms of Tier I
Capital (Banker, July 2002)
07/17/2002 Selected as "Best Bank in
Korea" (Euromoney, July 2002)
07/11/2002 Selected as Best CI among banks
(by Korea Management Association)
07/05/2002 Ranked 20th in Asia-Pacific
region, 212th among 500 companies in Forbes' Global
07/02/2002 Launching of Sales Supporting
Center Enlargement of RM divisions
07/02/2002 Ranked 68th by shareholder's
equity (Euromoney, June 2002)
06/28/2002 Selected as "Best Local Bank
in Asia" (by Finance Asia)
06/11/2002 Awarded as Internet Grandprix in
EC/B2C service
06/10/2002 Selected as Korea's Best Brand (by
Fnnews Research & Consulting)
05/11/2002 Ranked as one of 500 global
companies by FT, first among Korean banks (338th globally and 4th domestically
in terms of market cap)
05/10/2002 Selected as "Best Website for
Internet Banking" by Korea Management Association
05/10/2002 Established a new remitence fee
system
05/06/2002 Started automated public charges
collection service
05/02/2002 The bank's credit rating upgraded
by S&P (BBB- → BBB)
05/02/2002 Provided credit research service
on foreign buyers
05/02/2002 Opened Daejon call center
04/25/2002 Started "Tailor-made Real
Estate Investment Trust"
04/22/2002 Established New IR Website
04/18/2002 Arranged 200 billion of project
Financing for Hanaro Telecom
04/08/2002 The bank's credit rating upgrade
by Moody's (Baa2 →A3)
01/28/2002 Achieved total lending of 100
trillion won
01/09/2002 Selected the integrated IT system
for the merged bank
12/272001 Selected as "Consumer's Best
Brand" by Maeil Economy Daily & Brand Major
12/26/2001 Selected as "Best Company in
Customer Satisfaction" by P&P Research
12/18/2001 Declared Code of Ethics
11/16/2001 Reformation of the interest rate
system
11/09/2001 Listed on the Korean Stock
Exchange
11/01/2001 Launched New Kookmin Bank
"KB" (Merger between Kookmin Bank and H&CB)
Old Kookmin Bank
2001. 07. 26 Jung-Tae Kim nominated as CEO of
the merge bank
2001. 04. 23 Signed Merger Agreement with
Kookmin Bank
2001. 03. 10 Exceeded KRW 100 trillion in
toal Assets for the first time
2000. 12. 12 Merger MOU signed by Kookmin and
H&CB
2000. 09. 06 Exceeded KRW 70 trillion in
total deposits
2000. 05. 19 Kookmin Credit Card listed on
KOSDAQ
1999. 11. 18 Increased paid-in capital to
KRW1,698.1 billion
1999. 09. 30 Exceeded KRW 60 trillion in
total deposits
1999. 06. 14 Goldman Sachs & Co. USD 500
million Investment
1998. 12. 31 Merged of KLB (paid-in capital
KRW1,381.5 billion)
1998. 12. 29 Issued preferred stocks KRW 200
billion
1998. 09. 30 Exceeded KRW 50 trillion in
total deposits
1998. 06. 29 Acquired Daedong Bank through
P&A
1998. 06. 18 Established Kookmin Bank Buenos
Aires Branch
1998. 05. 16 Increased paid-in capital to KRW
932.7 billion
1998. 02. 28 Increased authorized capital to
KRW 5 trillion
1997. 12. 08 Exceeded KRW 40 trillion in
total deposits
1997. 09. 29 Established Kookmin Bank
Auckland Branch, New Zealand
1997. 06. 24 Increased paid-in capital to KRW
523.2 billion
1997. 03. 17 Established Kookmin Futures Co.,
Ltd.
1996. 09. 25 Issued GDR US$300 million in
London Stock Exchange
1996. 06. 28 Exceeded KRW 30 trillion in
total deposits
1996. 02. 14 Established Kookmin Finance Asia
Ltd.(H.K.)
1995. 10. 17 Increased paid-in capital to KRW
391 billion
1995. 01. 05 The Repeal of the CNB Act took
effect and the Bank became private enterprise.
1994. 09. 30 Listed on Korea Stock Exchange
1994. 04. 29 Exceeded KRW 20 trillion in
total deposits
1994. 03. 22 Established Kookmin Bank
Singapore
1992. 11. 05 Established Kookmin Bank Tokyo
Branch
1992. 07. 21 Increased paid-in capital to KRW
191 billion
1991. 10. 18 Opened Kookmin Bank Luxemburg
1991. 09. 16 Established Kookmin Data System
Co., Ltd.
1990. 08. 31 Exceeded KRW 10 trillion in
total deposits
1989. 12. 30 Increased authorized capital to
KRW 0.5 trillion
1989. 02. 18 Launched Trust Business
1987. 09. 25 Established Kookmin Credit Card
1984. 10. 20 Established Kookmin Leasing
1979. 11. 17 Increased paid-in capital KRW 30
billion
1977. 07. 18 Increased paid-in capital KRW 5
billion
1972. 10. 25 Moved in new headquarter
1963. 02. 01 Established Kookmin Bank
The Subject Bank is a commercial bank in
Korea. On the asset side, the Company provides credit and related financial
services to individuals and small and medium sized enterprises and, to a lesser
extent, to large corporate customers. On the deposit side, it provides a range
of deposit products and related services to both individuals and enterprises of
all sizes. The Company had a combined network of 1,205 branches as of December
31, 2007. It provides a range of personal lending products and retail banking
services to individual customers, including mortgage loans. It is a mortgage
lender in Korea. In August 2008, Kookmin Bank acquired a 23% interest in
Kazakhstan's Bank TsentrKredit AO (Bank CenterCredit).
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
career |
|
President & CEO |
Mr. |
Kang Chung-Won |
Korean |
1950.12.19 |
Bankers Trust Group |
|
Chief Audit Executive |
Mr. |
Cheong Yong-Hwa |
Korean |
1952.07.12 |
Vice President of Financial Supervisory Service |
|
Senior EVP |
Mr. |
Choi In Gyu |
Korean |
1955.12.23 |
- |
|
CFO & Senior EVP |
Mr. |
Donald.H. MacKenzie |
- |
1948.12.20 |
Goldman Sachs(Vice President) |
|
Senior EVP |
Mr. |
Kim
Ki-Hong |
Korean |
1957.01.10 |
Vice President of Financial Supervisory Service |
|
Outside Director |
Mr. |
Chung Kee-Young |
Korean |
1948.09.07 |
Prof., of Kyemyung University |
|
Outside Director |
Mr. |
Jacques P.M. Kemp |
- |
1949.05.15 |
Chairman, ING Bank International |
|
Outside Director |
Mr. |
Cho
Dam |
Korean |
1952.08.01 |
Prof., Chonnam National University |
|
Outside Director |
Mr. |
Lim Suk-Sig |
Korean |
1953.07.17 |
Prof., of University of Alberta |
|
Outside Director |
Mr. |
Byun
Bo-Kyung |
Korean |
1953.08.09 |
IBM Korea |
|
Outside Director |
Mr. |
Hahm Sang
Moon |
Korean |
1954.02.02 |
Prof., of Virginia Tech |
|
Outside Director |
Mr. |
Kim Han |
Korean |
1954.02.17 |
Vice Cahirman & CEO of Meritz
Secutities Co., Ltd. |
|
Outside Director |
Mr. |
Kim Chee-Joong |
Korean |
1955.12.11 |
Judge of Seoul District Court |
|
Outside Director |
Mr. |
Kang Chan-Soo |
Korean |
1961.11.23 |
BT Wolfensohn |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2007 |
21,281,826,000,000 |
218,866,038,000,000 |
2,773,843,000,000 |
|
19,618,874,000,000 |
195,206,481,000,000 |
2,472,111,000,000 |
|
|
2005 |
19,308,604,000,000 |
195,206,481,000,000 |
2,472,111,000,000 |
|
2005 |
17,855,258,000,000 |
179,593,649,000,000 |
2,252,218,000,000 |
Financial Description
Unit: KRW
|
Authorized Capital |
5,000,000,000,000 |
|
Paid-Up Capital |
1,681,895,580,000 |
|
Total Issues Shares |
336,379,116 |
Balance
Sheet
|
Unit : Million Korean Won |
01/01/2008~06/30/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Total Assets |
244,979,261 |
218,866,038 |
195,206,481 |
|
Cash and due from banks |
6,602,042 |
6,544,754 |
6,568,306 |
|
Securities |
33,653,467 |
30,777,359 |
29,382,480 |
|
Loans |
193,640,677 |
173,873,000 |
152,089,711 |
|
Tangible assets |
2,242,485 |
2,298,743 |
2,137,732 |
|
Other assets |
11,461,400 |
7,809,321 |
7,352,993 |
|
Total
liabilities |
228,585,074 |
202,828,277 |
180,151,524 |
|
Deposits |
156,791,555 |
138,858,691 |
130,019,916 |
|
Borrowings |
54,535,929 |
50,250,481 |
39,042,684 |
|
Other liabilities |
17,257,590 |
13,719,105 |
11,088,924 |
|
Common
stock |
1,681,896 |
1,681,896 |
1,681,896 |
|
Capital
surplus |
6,273,290 |
6,269,263 |
6,269,263 |
|
Retained
earnings |
8,167,255 |
7,741,156 |
6,215,222 |
|
Accumulated
other comprehensive income |
271,746 |
345,446 |
888,576 |
|
Total Equity |
16,394,187 |
16,037,761 |
15,054,957 |
|
Liab. & Shareholder’s
Equity |
244,979,261 |
218,866,038 |
195,206,481 |
Income
Statement
|
Unit : Million Korean Won |
01/01/2008~06/30/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Operating revenue |
15,383,836 |
21,281,826 |
19,618,874 |
|
Operating Expenses |
13,701,584 |
17,048,440 |
16,413,891 |
|
Operating Income |
1,682,252 |
4,233,386 |
3,204,983 |
|
Non-Operating Income |
140,542 |
444,899 |
366,293 |
|
Non-Operating expenses |
53,816 |
148,415 |
163,681 |
|
Ordinary Income |
1,768,978 |
4,529,870 |
3,407,595 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
1,768,978 |
4,529,870 |
3,407,595 |
|
Income Taxes Expenses |
493,125 |
1,756,027 |
935,484 |
|
Net Income |
1,275,853 |
2,773,843 |
2,472,111 |
Cash
Flows
|
Unit : Million Korean Won |
01/01/2008~06/30/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Cash Flows from Operating |
(-)20,376,342 |
(-)18,846,604 |
(-)10,846,651 |
|
-Net Income |
1,275,853 |
2,773,843 |
2,472,111 |
|
-Exp. without Cash Outflow |
4,114,377 |
3,385,065 |
3,310,911 |
|
-Revenue
without Cash Inflows |
(-)3,448,768 |
(-)1,974,848 |
(-)1,593,820 |
|
-Changes in
Asset/ & Liability |
(-)22,317,804 |
(-)23,030,664 |
(-)15,035,853 |
|
Cash Flows
from Investing |
(-)193,539 |
(-)1,107,462 |
(-)1,690,621 |
|
-Cash Inflow
from Investing |
510,690 |
595,064 |
173,013 |
|
-Cash
Outflows for Investing |
(-)704,229 |
(-)1,702,526 |
(-)1,863,634 |
|
Cash Flows
from Financing |
20,963,823 |
19,200,010 |
12,200,260 |
|
-Cash
Inflows from Financing |
32,312,631 |
33,560,898 |
24,616,783 |
|
-Cash
Outflows from Financing |
(-)11,348,808 |
(-)14,360,888 |
(-)12,416,523 |
|
Increase/Decrease in Cash |
393,942 |
(-)754,056 |
(-)337,012 |
|
Cash at the Beginning of Year |
2,533,763 |
3,287,819 |
3,624,831 |
|
Cash at the End of Year |
2,927,705 |
2,533,763 |
3,287,819 |
Products, Technologies, Services
Description
|
Main Products & Services |
Banking Services |
Trade
Partners
|
Customers |
Having 26 Million customers and 1,219
branches, the subject is considered the 1st player domestically in
terms of total assets. |
|
Competitors |
WOORI BANK CO., LTD.(110111-0023393) 203, HOEHYEONDONG 1-GA, JUNG-GU, SEOUL,
KOREA TEL:+82-2-2002-3000 FAX:+82-2-2002-5612 SHINHAN BANK CO., LTD.(110111-0012809) 120, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL,
KOREA TEL:+82-2-756-0505 FAX:+82-2-776-8194 HANA BANK(110111-0015671) 101-1, EULJIRO 1-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-2002-1111 FAX:+82-2-774-4543 INDUSTRIAL BANK OF KOREA(110135-0000903) 50, EULJIRO 2-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-729-6114 FAX:+82-2-729-6305 |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
JOO EUN INDUSTRIAL CO., LTD.(110111-0928949) KB INVESTMENT & SECURITIES CO.,
LTD.(110111-1187081) |
|
Overseas Office |
KOOKMIN BANK NEW YORK BRANCH 565 FIFTH AVENUE, 46 STREET, 24TH FLOOR,
NEW YORK, N.Y. 10017 U.S.A. TEL:+1-212-697-6100 FAX: +1-212-697-1456 NAME KOOKMIN BANK TOKYO BRANCH YURAKUCHO DENKI
BLDG.-N,14F,1-7-1,YURAKUCHO,CHIYODA-KU,TOKYO 100-0006 JAPAN TEL:+81-3-3201-3411 FAX: +81-3-3201-3410 NAME KOOKMIN BANK AUCKLAND BRANCH ADDRESS LEVEL 19, 135 ALBERT STREET, PO BOX
7506, WELLESLEY, AUCKLAND, NEW ZEALAND TEL:+64-9-366-1000 FAX: +64-9-366-6608 |
|
Representative Office |
KOOKMIN BANK ALMATY REPRESENTATIVE OFFICE 19 AL-FARABI AVE.,ALMATY BUSINESS CENTER
NURLY TAU 2B,OFFICE NO.901 ALMATY, KAZAKHSTAN TEL:+7-727-311-0346,0347 FAX:
+7-727-311-0351 KOOKMIN BANK, HO CHI MINH REPRESENTATIVE
OFFICE 1709A, 17TH SAIGON TRADE CENTER, TON DUC
THANG 37, BEN NGHEWARD, HOCHIMINH CITY, VIETNAM TEL:+84-8-910-7058 FAX: +84-8-910-7059 KOOKMIN BANK, KYIV REPRESENTATIVE OFFICE 20, VELYKA ZHYTOMYRSKA ST. OFFICE 47, KYIV,
UKRAINE TEL:+38-044-201-4755 FAX: +38-044-201-4764 |
|
Overseas Branch |
KOOKMIN BANK GUANGZHOU BRANCH ROOM 4602/3, OFFICE BUILDING, CITIC PLAZA,
233 TIANHE N.ROAD, GUANGZHOU, CHINA TEL:+86-20-3877-0566,3020,3700
FAX:+86-20-3877-0569 KOOKMIN BANK HARBIN BRANCH ROOM 1608, DEVELOPMENT ZONE MANSION NO.368
CHANGJIANG ROAD NANGANG DIST, HARBIN 150090 P.R.CHINA TEL:+86-451-8722-1004,2801~3
FAX:+86-451-8722-2806 |
|
Subsidiary |
NAME KOOKMIN BANK INTERNATIONAL LIMITED (100.0% HELD BY THE SUBJECT COMPANY) 6TH FLOOR, PRINCES COURT, 7 PRINCES STREET,
LONDON EC2R 8AQ, U.K. TEL:+44-20-7710-8300 FAX: +44-20-7726-2808 NAME KOOKMIN BANK HONG KONG LIMITED (100.0% HELD BY THE SUBJECT COMPANY) 19/F, GLOUCESTER TOWER, 11 PEDDER STREET,
CENTRAL, HONG KONG, CHINA TEL:+852-2530-3633 FAX: +852-2869-6650 KB CREDIT INFORMATION CO.,
LTD(110111-1786354 (99.73% HELD BY THE SUBJECT COMPANY) SORAK FINANCE HOLDINGS CO., LTD. (25.00% HELD BY THE SUBJECT COMPANY) KB INVESTMENT CO., LTD(181211-0012571) (99.99% HELD BY THE SUBJECT COMPANY) KB ASSET MANAGEMENT CO.,
LTD.(110111-0572556) (80.00% HELD BY THE SUBJECT COMPANY) KB REAL ESTATE TRUST CO.,
LTD.(110111-1348237) (99.99% HELD BY THE SUBJECT COMPANY) KB DATA SYSTEMS CO., LTD(110111-0802838) (99.99% HELD BY THE SUBJECT COMPANY) KB FUTURES CO., LTD.(110111-1390791) (99.99% HELD BY THE SUBJECT COMPANY) KB LIFE INSURANCE COMPANY(110111-3003699) (51.00% HELD BY THE SUBJECT COMPANY) ING LIFE KOREA (20.00% HELD BY THE SUBJECT COMPANY) |
Sales by
Region (Activity &
Markets)
The Subject deals with the companies in Europe, USA and Asia.
Court
Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
2008DA44368 |
Supreme Court |
KOREA LOTTERY SERVIES CO(110111-0584080) |
The Subject |
Claim for Commission |
15,061,868,700 |
3rd Round Proceeding. The Subject defeated
at 1st round & 2nd round. |
|
2008DU7779 |
Administrative
Court |
The Subject |
Yeongdungpo
Tax Office |
Cancellation for Imposed Tax |
74,968,356,620 |
3rd Round Proceeding. The Subject won at 1st
round & 2nd round. |
|
2007NA33066 |
Seoul High
Court |
Kan Dae-Wook
and others(413) |
The Subject |
Claim for Damages |
3,074,000,000 |
2nd Round Proceeding |
|
2006KAHAP 71101 |
Seoul
Central District Court |
The Republic
of Korea |
The Subject
& Korea Rotary Service, Hanyoung Accounting Firm & Others(3) |
Claim for Damages |
320,800,000,000 |
Proceeding |
|
2006NU25362 |
Seoul High Court |
The Subject |
Free Trade Commission |
Cancellation for order of correction |
1,020,000,100 |
Proceeding |
|
2007KAHAP7886 |
Seoul Central District Court |
Korea Rotary Service |
The Subject |
Claim for Commission Agreed |
445,877,230,980 |
Proceeding |
News
Clipping
FINANCIAL CRISIS LOCK DOWN BANK MANAGEMENT PLANS
MAEIL BUSINESS NEWSPAPER & MK.CO.KR:10/23/2008
Ripple effect of the global financial crisis is deadlocking domestic
banks from implementing bulky management agendas.
Frozen domestic and international investment environments are murky or
indefinitely postponing key schedules, such as stake selloffs to secure
liquidity or stake acquirement in foreign banks.
According to financial industry sources on October 23, Kookmin Bank was
recently gridlocked in selling its stake in ING Life Insurance. The resolution
had been passed during a board meeting earlier this month to secure 600 billion
won liquidity by reselling its 14.9 percent stake in ING Life Insurance for
500,000 won per share back to ING Group. However, warning lights flashed as ING
Group was recently cornered in need of a bailout due to a liquidity crisis.
Selling 4 trillion won worth its own shares that had been gained whilst
restructuring into a holding company also seems like a difficult task.
Meanwhile, Woori Bank is in an awkward position to fulfill the MOU
concluded with Korea Deposit Insurance Corporation in Q3 as the bank is
expected to suffer over 100 billion won losses in relations to the U.S.
subprime mortgage triggered by the international financial market’s credit
crunch. Korea Exchange Bank (KEB) delayed plans to expand equity capital and
apply for confirmation as a financial investment company for its affiliate, KEB
Futures, to beyond next year February when Capital Market Consolidation Act
will be enforced.
Hana Bank had contracted on July 24 last year to obtain 19.67 percent
stake in Chinese Jilin Bank at 2.16 billion yuan but is pushing back the final
stake buyout.
Privatization plan for Korea Development Bank (KDB) is also foggy. KDB
is hoping the plan to be confirmed with the revised KDB bill being passed in
the coming National Assembly’s regular session, yet nothing is clear. Not only
is KDB’s role as a state-run bank being signified in times of the financial
crisis but with a string of investment banks which KDB had set as role models
going bankrupt, assertions are raised suggesting the goal to be reset.
[Dong-eun Lee / JYJ] [ⓒ Maeil Business
Newspaper & mk.co.kr, All rights reserved]
KOOKMIN BANK DECLARES ‘EMERGENCY MANAGEMENT’
MAEIL BUSINESS NEWSPAPER & MK.CO.KR: 10/20/2008
The largest domestic bank, Kookmin bank, has declared an ‘emergency
management’, the core of which is cutting executive salaries for next year and
fixing the number of branches.
While local banks are facing uphill due to a severe foreign currency and
won liquidity shortage, KIKO losses, and the rise in delinquency ratio of
small- and medium-sized enterprises (SMEs), Kookmin Bank has become the first
domestic bank to officially proclaim an ‘emergency management’.
According to financial industry sources on October 20, Kookmin Bank
executives have confirmed its management paradigm for next year titled as a
‘New Start Management’ upon holding a 12-hour marathon meeting on October 17 in
Kookmin Bank’s training center in Ilsan City.
Kookmin Bank executives, during the meeting, reached an agreement on
adopting an emergency management system, and declared to carry out preemptive
and active countermeasures against the crisis on the basis of efficient,
prompt, and creative management. Major challenges of a ‘New Start Management’
were selected as follows: continuous expense reduction, reinforcement in crisis
management, advancement in customer management, and improvement in product development.
In particular, in order for expense reduction, Kookmin Bank decided to
cut executive salaries by around five percent for the first time since it had
merged with Korea Long-Term Credit Bank in 2002. Also, the bank confirmed not
to increase the current number of its branches (1,222 as of end of September).
Kookmin Bank Governor Kang Jeong-won was conveyed to have stated during
the meeting on October 17, “In an effort to wisely surmount the current crisis and
purse the bank’s long-term development, the comprehensive measures regarding
crisis management should be immediately conceived.”
Subsequent to the Kookmin Bank’s announcement on its emergency
management, other local banks are predicted to come up with corresponding
measures too; Woori Bank and Shinhan Banks are currently reviewing specific
plans on expense reduction.
[Eun-jung Kim / JYJ] [ⓒ Maeil Business
Newspaper & mk.co.kr, All rights reserved]
KOOKMIN BANK TO ANNOUNCE TENDER OFFER TO ACQUIRE KEB
MAEIL BUSINESS NEWSPAPER & MK.CO.KR: 07/16/2008
Kookmin Bank has decided to announce its tender offer to acquire Korea
Exchange Bank (KEB).
According to Korea’s financial supervisory authorities and industry
sources on July 16, Kookmin Bank has been contacting KEB’s majority
shareholder, Lone Star, and financial authorities over the past few months to
acquire KEB via tender offer.
A high-ranking official from the financial supervisory authorities
disclosed, “Kookmin Bank has been preparing for KEB tender offer, minding that
the contract between HSBC and Lone Star will be cancelled after late July. If
its tender offer succeeds, Kookmin Bank could also secure management right over
KEB.”
Tender offer is a type of takeover bid. It is public, open offer by an acquirer
to all stockholders of a publicly traded corporation such as: “Kookmin Bank
offers to purchase a 33 percent stake in KEB for 15,000 won per share from when
to when.” Not only KEB’s largest shareholder Lone Star -- holding a 51.02
percent stake at the end of March -- but other shareholders such as the Bank of
Korea (6.12 percent), Export-Import Bank of Korea (6.25 percent) and others
(36.61 percent) can also sell portions of their stakes at the price offered by
Kookmin Bank.
Kookmin Bank is already known to have tapped in their tender offer
method to Lone Star, increasing the possibility that Lone Star could comply.
Moreover, Kookmin Bank is most preferred in the takeover bid thanks to its
affluent funding capacity compared to other domestic commercial banks that are
interested in acquiring KEB.
Nonetheless, M&A via tender offer must also receive approval from
the financial supervisory authorities as it had been the case between HSBC and
Lone Star.
[Dong-eun Lee / KHS] [ⓒ Maeil Business
Newspaper & mk.co.kr, All rights reserved]
S&P raises Kookmin Bank's debt rating to 'A'
Yonhap News: 2007/03/21
SEOUL, March 21 (Yonhap) -- Standard & Poor's Ratings Services
raised its long-term debt rating of Kookmin Bank to "A" from "A
minus" on Wednesday, citing its improving asset quality and strong
capitalization.
The global ratings agency said the outlook for the foreign and local
currency debt ratings of Kookmin, South Korea's top lender, is stable.
"The upgrade reflects the bank's improving overall credit profile
and conservative asset growth strategy for the past few years," the agency
said in a statement.
The agency also said the outlook could be revised to positive if a
significant improvement in revenue diversification and earnings stability
follows.
Kookmin Bank reported its earnings for 2006 came to a record 2.47
trillion won (US$2.92 billion), up 9.76 percent from 2.25 trillion won a year
earlier.
The credit appraiser also upgraded the debt
ratings of state-run Industrial Bank of Korea and National Agricultural
Cooperative Federation to "A" from "A minus" each on
improving financial health and strengthening capitalization.
Lawsuits Flood Banks
KOREA TIMES: 03-21-2007
By Na Jeong-ju / Staff Reporter
Kookmin Bank and other major commercial lenders are engaged in hundreds
of lawsuits involving financial fraud and other business-related litigation
cases.
According to regulatory filings to the Financial Supervisory Service
(FSS), the total amount of damages sought in 177 lawsuits filed against Kookmin
stood at 513 billion won as of the end of 2006 _ one fifth of the banks 2.47
trillion won in net profits that year.
If the claim for 446 billion won sought by a local lottery operator in a
case filed in January this year is included, the total amount reaches nearly 1
trillion won.
Bank officials said that they have set aside sufficient reserves to
cover possible losses in lawsuits and therefore they will not have any major
impact on Kookmin’s financial health.
However, they noted that clients are increasingly relying on lawsuits to
protect their rights.
``Individual consumers have become more keen on protecting their
rights,’’ a Kookmin Bank spokesman said. ``In the past they would just pick fights
with bank tellers if they are dissatisfied. But now they are more likely to
file complaints.’’
The official said lawsuits filed by clients are likely to continue to
increase in the future, but that they will not have a major impact on the
bank’s overall operations.
Shinhan Bank is also wrangling with 212 lawsuits with claims amounting
to 241 billion won.
The number of lawsuits against Woori Bank is 239, the largest among the
four largest banks, with claims amounting to 1.8 trillion won.
Hana Bank has been sued 117 times involving 163 billion won in claims.
``Bank officials lax ethics often result in financial fraud which
triggers damage suits later. Banks have begun to strengthen their internal
monitoring systems to stem bank officials’ scams. With this effort,
embezzlement and other financial fraud by bank officials are abating,’’ an FSS
official said.
Kookmin Raises Stake in Cultural Marketing
KOREA TIMES: 03-18-2007
By Yoon Ja-young /Staff Reporter
Banks are making strenuous efforts to differentiate marketing strategy
amid cutthroat competition. Their marketing strategies have become complicated
as simple promotion is meaningless amid the continuous launch of new, similar
products.
Marketing experts at Kookmin Bank, for example, have turned their eyes
to culture, enhancing the corporate image as well as promoting products.
The bank is transforming its previous conservative stereotypical image
into one that is young and dynamic.
Kookmin Bank successfully hosted a B-boy competition for underground
break-dancers, and held a Kart Rider competition, an online racing game popular
among young workers.
The bank plans to develop the B-boy competition into a world
competition, on top of holding a variety of events for college students and
rookies.
Another theme of their marketing strategy is family. The bank invited
mothers and children to a performance by popular magician Choi Hyun-woo, and
presented couples with tickets for the musical ``I Love You.’’
It also invited underprivileged children to the puppet show ``Balhae
Princess,’’ combining social welfare activities with cultural marketing.
VIP customers were invited to musicals such as ``Miss Saigon’’ and
``Evita,’’ and the bank hosted a fashion show of designer Lee Young-hee to celebrate
the launch of bank accounts for female customers.
The bank said it would systemize diverse marketing strategies. ``We hope
to segment target customers, adopting different marketing strategies for each
generation and region,’’ a PR official at the bank said.
He said the bank would focus on housewives this year, who have become
the decision makers as regards consumption and are very picky about cultural
marketing. It would continue its ``KB music tour’’ this year, which has provided
local customers with chances to enjoy music concerts.
``We want to have a friendly brand image, helping customers enjoy
diverse cultural events and contributing to the cultural industry as well,’’
the bank said.
Banks Incubate Experts to Expand Overseas Network
KOREA TIMES: 03-18-2007
By Na Jeong-ju /Staff Reporter
Banks are gearing up efforts to find acquisition targets in emerging
markets, while introducing programs to train their employees at foreign
financial firms.
Kookmin Bank, the country's largest lender, sent 18 employees to seven
countries, including Vietnam, Indonesia, Cambodia and Russia, this month to
give them opportunities to learn about banking systems in the target markets.
After completing required courses at local financial firms, they will be asked
to pave the way for the bank to enter the markets, according to Kookmin
officials.
``Their missions will include gathering information about the markets
and analyzing the pros and cons of opening businesses there,'' a Kookmin official
said.
Woori Bank, the third largest lender, has also dispatched a total of 29
employees to China, Brazil and other countries since 2002 in preparation for
possible merger negotiations with local banks. Shinhan Bank and Hana Bank also
introduced on-the-job training programs for employees at their overseas
branches and local financial firms.
``One of the key barriers for advancing into foreign markets is a lack
of employees who are capable of playing bridging roles,'' an Woori official
said. ``We are making efforts to establish a pool of regional experts who can
help the bank take firm roots in target nations.''
In order to penetrate the markets quicker, banks are seeking mergers
with local financial firms. The training programs reflect changes in the ways
they invest in overseas markets, according to bank officials.
Kookmin says it will select merger targets from small banks in 10
countries, including Russia, China, India, Vietnam, Kazakhstan, Uzbekistan and
the United Arab Emirates.
Recently, it was rumored to be seeking a controlling stake in Bank
International Indonesia, an Indonesian commercial bank, in which it bought a
14.22 percent stake in 2003. It has denied the rumor, but said its efforts to
find merger targets in foreign countries will continue.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.95 |
|
UK Pound |
1 |
Rs.79.56 |
|
Euro |
1 |
Rs.63.65 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)