KB Financial Group Inc

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KB Kookmin Bank
Traded asKRX: 105560
Founded1963; 56 years ago (1963)
HeadquartersJung-gu, Seoul, South Korea
Key people
Hur Yin, (CEO)
ProductsFinancial Services
RevenueIncrease US$26.5 billion (2012)
Number of employees
Korean name
Revised RomanizationKB Gungmin Eunhaeng
McCune–ReischauerKB Kungmin Ŭnhaeng

KB Kookmin Bank (Korean: KB국민은행) or KB 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]

Current KB Kookmin Bank was formed in Dec, 2000 between old Kookmin Bank and Housing & Commercial Bank. They were both founded by Korean government in 1960s for special purposes. Kookmin Bank, which specially provided financial service for middle and low income consumers, was privatised in 1995. During the Asian financial crises both banks acquired other financially troubled banks. Merger of two banks was partly due to the government policy to make banks bigger and more stable. After the merge, 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[edit]


  1. ^ "Banks in South Korea".
  2. ^ "국내 1위가 세계 60위…국내은행 글로벌 경쟁력은". 2017-09-10.
  3. ^ "[인사이드 스토리]한국 금융 M&A".
  4. ^ "Kookmin Bank set to revise earnings on probe result". 2014-12-03.

External links[edit]