Kookmin Bank

Kookmin Bank

Infobox_Company
company_name = Kookmin Bank
company_logo =| company_type = Public company (kse|060000, nyse|KB)
company_slogan =
foundation = 1963
location = flagicon|South KoreaJung-gu, Seoul, South Korea
key_people = Chung-Won Kang, CEO
num_employees = 43,281
industry = Finance
products = Financial Services
homepage = [http://www.kbstar.com www.kbstar.com]
revenue = profit $10.28 billion USD 2005
Infobox Korean name|tablewidth=260|title=Korean name
hangul=국민은행
hanja=國民銀行
rr=Gungmin Eunhaeng
mr=Kungmin Ŭnhaeng

Kookmin Bank (hangul:국민은행) is the largest bank by both asset value and market capitalization in South Korea.

The bank is led by Kang Chung-Won who previously worked for Seoulbank and oversaw its sale to competitor Hana Bank before moving to Kookmin.

Kookmin intended to takeover Korea Exchange Bank, a government-owned bank with offices in foreign countries, by the end of 2006, to facilitate foreign exchange and corporate banking (as in contrast Kookmin is more well known for its consumer banking services). The deal to buy Korea Exchange Bank was contingent on not finding any evidence of criminality when the Loan Star Equity Funds purchased Korea Exchange Bank in 2003. However as of December 2006, the takeover will not happen having been cancelled by Lone Star.

source: "The Monday Interview: Empire-builder with designs on a global 'super-bank'" in Monday June 26, 2006 issue of Financial Times newspaper p. 6 (possibly available online with subscription from www.ft.com

According to the company website, Kookmin EPS in 2006 was 6977 won, and the dividend paid per share was 550 Won per share. In September 2006 the share price was 73,000 Won

On March 18th 2008, the share price was $51.40 USD.

ee also

*List of South Korean companies
*List of Banks in South Korea
*List of Korea-related topics
*Economy of South Korea
*Kookmin Bank FC, K-2 league football team.

External links

* [http://www.kbstar.co.kr Kookmin Bank Homepage]
* [http://inf.kbstar.com/quics?page=s_kbe Kookmin Bank Business Release]
* [http://finance.yahoo.com/q?s=KB Yahoo! Finance page for KB]
* [http://finance.yahoo.com/q?s=060000.KS Yahoo! Finance page for 060000.KS]


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