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June 03, 2015 5:51 PM ET

Banks

Company Overview of Kookmin Bank

Company Overview

Kookmin Bank provides various banking products and financial services to individuals and households, as well as large, small, and medium-sized enterprises. It operates through Corporate Banking, Retail Banking, and Other Activities segments. The company accepts installment savings deposits, time deposits, demand deposits, certificates of deposit, and foreign currency deposits. It also offers personal loans, deposit- backed loans, mortgage loans, and deposit-backed loans, as well as overdraft loans, mortgage and home equity loans, and other consumer loans. In addition, the company is involved in the investment and trading of debt and equity securities; trading of derivatives; asset securitiza...

84, Namdaemoon-ro

Jung-gu

Seoul,  100-703

South Korea

Founded in 1963

32,275 Employees

Key Executives for Kookmin Bank

Chief Executive Officer, President, Executive Director and Member of Management Strategy Committee
Age: 55
Vice President of Finance Group
Age: 54
Chief Compliance Officer and Deputy President
Age: 49
Senior Vice President and Internal Accounting Control Officer
Senior Executive Vice President of Corporate & Investment Banking Group
Age: 56
Compensation as of Fiscal Year 2014.

Kookmin Bank Key Developments

Kookmin Bank, Special/Extraordinary Shareholders Meeting, May 28, 2015

Kookmin Bank, Special/Extraordinary Shareholders Meeting, May 28, 2015. Agenda: To approve the severance benefit payment.

KB Kookmin Bank to Launch Early Retirement Program

KB Kookmin Bank announced that the labor union and management of KB Kookmin agreed on the early retirement scheme, which is aimed at scaling back its payroll by about 5,500. The targeted employees will include 4,500 ordinary workers and 1,000 senior members including executives who will be subject to the wage peak system. The bank will start accepting applications from May 18, 2015. Apart from the ordinary salaries for the coming period ranging from 27 to 36 months, each outgoing staff member will be paid KRW 24 million ($21,800) severance. The Bank announced it would carry out a full-fledged early retirement program, similar to the one late 2010 when about 3,200 workers left the commercial bank via a voluntary redundancy program. Meanwhile, KB Kookmin promised it would rehire a certain portion of the outgoing staff as nonregular workers.

Kookmin Bank Reports Consolidated Earnings Results for the First Quarter of 2015

Kookmin Bank reported consolidated earnings results for the first quarter of 2015. For the quarter, the company reported operating revenue of KRW 3,840,230 million compared to KRW 3,774,007 million reported in the same period last year. Net operating profit was KRW 347,249 million against KRW 322,356 million reported last year. Profit before income tax was KRW 554,601 million against KRW 339,898 million reported last year. Profit attributable to shareholders of the parent company was KRW 476,192 million against KRW 243,941 million reported last year.

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Recent Private Companies Transactions

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Date
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Fund Raising
February 10, 2015
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February 4, 2015
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