AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

KB Kookmin Bank

Company nameKB Kookmin Bank
Company typePublic company (Kse - 060000, Nyse - KB)
HeadquartersJung-gu, Seoul, South Korea
Key peopleChung-Won Kang, CEO
ProductsFinancial Services
Revenue(+) $10.28 billion USD 2005

     Home | Company | Kookmin Bank

KB Kookmin Bank (Korean: KB국민은행) or KB 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 take over 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 Lone 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.

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

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

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260