Kookmin Bank
Kookmin Bank or KB Kookmin Bank (Korean: 주식회사 국민은행; RR: Jusik Hoesa Gungmin Eunhaeng) is among the four largest banks ranked by asset value in South Korea at the end of March 2014.[1] It is the largest among banks in Korea and 60th largest in the world by 2017.[2]
 | |
| Type | Subsidiary |
|---|---|
| Founded | 1 November 1963 |
| Headquarters | Seoul, South Korea |
Key people | Hur Yin, (CEO) |
| Products | Financial services |
Number of employees | 26,000 |
| Parent | KB Financial Group |
| Korean name | |
| Hangul | |
| Hanja | |
| Revised Romanization | Gukmin/Gungmin Eunhaeng |
| McCune–Reischauer | Kukmin Ŭnhaeng |
| Website | omoney.kbstar.com |
History
Current KB Kookmin Bank was formed in Dec, 2000 between old Kookmin Bank and Housing & Commercial Bank. They were both founded by the Korean government in 1960s for special purposes. Kookmin Bank, which specially provided financial service for middle and low income consumers, was privatized in 1995. During the Asian financial crises both banks acquired other financially troubled banks. The merger of two banks was partly due to the government policy to make banks bigger and more stable. After the merger, KB acquired various companies include credit card, insurance and brokerage firm to transform in to the financial group in 2008.[3] In Sep, 2004, Kookmin Bank said it would restate its 2003 and 2004 earnings after a financial watchdog found the bank avoided $270 million in taxes.[4]
See also
- Cheongju KB Stars
- Goyang KB Kookmin Bank FC, a defunct South Korean football team
- Rainy Sky SA v Kookmin Bank
- List of South Korean companies
- List of Banks in South Korea