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Topic: Kookmin Bank

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	Kookmin Bank News
		Kookmin Bank, the nation s largest retail bank, earned better-than-expected net profits of W345.3 billion in the first quarter, up 128 percent from the first quarter last year and exceeding analysts...
		Kookmin Bank, the nation's largest lender by assets, said yesterday that it would sell a nearly 9 percent stake to local and foreign investors in a move to improve its capital against bad loans.
		Kookmin Bank is spearheading a belated revolution in Korea's automated teller machines, moving back opening of its ATMs by a full hour to 7:00 a.m.
	www.topix.net /com/kb (529 words)

	CNN.com - Korea's biggest bank a step closer - April 12, 2001
		The banks also agreed that each H&CB share would be swapped for 1.6883 shares of Kookmin Bank.
		The CEO of the bank and the management team has yet to be determined.
		Goldman Sachs is Kookmin's largest shareholder, with an 11 percent stake.
	edition.cnn.com /2001/BUSINESS/asia/04/11/korea.bankmerger (400 words)

	CNN.com - Seoul plans Kookmin Bank sale - Nov. 19, 2003
		Kookmin said it also planned to join the auction to buy back shares, but has not decided how much of shares it would bid for.
		Shares in Kookmin Bank sank 7.89 percent to 42,600 won and the banking index lost 5.91 percent, against the broader market's 3.78 percent fall, on fears over liquidity problems in the credit card sector.
		The banking sector has gained 33 percent since the end of April, but has fallend for four days in row as of Wednesday, losing around seven percent.
	edition.cnn.com /2003/BUSINESS/11/19/korea.kookmin.reut (387 words)

	CNN.com - Seoul regulators eye Goldman Sachs - Sep. 8, 2003
		U.S. investment bank Goldman Sachs is under the spotlight in South Korea after selling almost four percent of its stake in Kookmin Bank.
		Kookmin shares rose nearly 15 percent after the report was released, but the U.S. bank says the analyst's report and the Kookmin stake sale were not related.
		Kookmin's largest shareholder is the South Korean government, with 9.33 percent, followed by Dutch bank ING with four percent.
	www.cnn.com /2003/BUSINESS/09/08/skorea.goldman.biz (317 words)

	KOOKMIN BANK - KB Annual and Transition Report (foreign private issuer) (20-F) Notes to Consolidated Financial ...
		Kookmin Bank (also referred to as the "Bank") was formed to facilitate the merger of the former Kookmin Bank and HandCB, which was consummated on November 1, 2001.
		The consolidated financial statements of Kookmin Bank prior to November 1, 2001 reflect the historical financial results of operations and financial position of the former Kookmin Bank.
		For assets the Bank intends to hold for use, if the total of the expected future undiscounted cash flows is less than the carrying amount of the assets, a loss is recognized for the difference between the fair value and carrying value of the assets.
	sec.edgar-online.com /2004/06/28/0001193125-04-110426/section41.asp (12479 words)

	CNN.com - Goldman raises $633M in Kookmin sale - June 19, 2002
		Before the ADR sale, Goldman Sachs held a 6.82 percent stake in Kookmin Bank, making it the second largest shareholder behind the Korean government.
		By midday Wednesday in Korea, Kookmin shares were 300 won or half a percent higher to 60,400 won, after going as high as 62,200.
		Kookmin has spearheaded banking restructuring and merged with South Korea's biggest mortgage lender H&CB last year to create the country's largest lender with 194 trillion won in total assets.
	archives.cnn.com /2002/BUSINESS/asia/06/19/korea.kookmin.biz (350 words)

	Forbes.com: UPDATE 2-Goldman cashes in stake in S.Korea's Kookmin Bank (Site not responding. Last check: 2007-10-17)
		Kookmin shares, which have risen as much as 65 percent from their year low of 28,350 won in April, fell 6.84 percent to 42,250 won at 0400 GMT, while the broader market was down 0.37 percent.
		Kookmin is the country's third biggest stock with a market value of $12.7 billion.
		The stock was also hit by Finance Minister Kim Jin-pyo's comments that the government would move to sell its majority 9.3 percent in Kookmin Bank later this year in an effort to recoup state funds invested during the Asian financial crisis.
	www.forbes.com /newswire/2003/09/05/rtr1074183.html (580 words)

	FT.com / By region / Asia-Pacific - Kookmin Bank to cut staff as part of revamp (Site not responding. Last check: 2007-10-17)
		Kookmin Bank to cut staff as part of revamp
		Kookmin Bank will cut its staff numbers by up to 17 per cent as part of a wide-ranging restructuring process aimed at shoring up its position as South Korea's largest lender.
		With domestic banks facing tough competition as global rivals such as Citibank and Standard Chartered move into South Korea, Kookmin's new chief executive is moving aggressively to cut costs at the bank, which has the lowest profitability in the sector.
	news.ft.com /cms/s/b24f70e4-7008-11d9-850d-00000e2511c8.html (116 words)

	donga.com [english donga]
		The so-called “wealthy people” of Seoul were packing in to attend the presentation for the new real estate policies hosted by the Kookmin Bank.
		In order to apply to be a PB client, over 300 million won has to be deposited in the bank, and Kookmin Bank said that the top 10 percent of its customers attended that day’s presentation.
		Kookmin Bank’s real estate team manager, Park Hab-su, advised, “We will have to make changes in their asset portfolios due to the new policies.
	feeds.southkoreanews.net /?rid=f516effeaa7bdbee&... (497 words)

	Kookmin Bank initiated with "outperform" \| newratings.com (Site not responding. Last check: 2007-10-17)
		Kookmin Bank quote - chart - all headlines - analyst actions
		NEW YORK, January 13 (newratings.com) — Analysts at Bear Stearns initiate coverage of Kookmin Bank (KB.NYS) with an "outperform" rating.
		The analysts expect the reduced loan provision expenses, however, to help Kookmin Bank return to profitability in 2004.
	www.newratings.com /analyst_news/article_370948.html (199 words)

	Kookmin Bank "overweight," target price revised \| newratings.com (Site not responding. Last check: 2007-10-17)
		LONDON, September 14 (newratings.com) - Analyst Michael Chung of Morgan Stanley reiterates his "overweight" rating on Kookmin Bank (KB.NYS), while raising his estimates for the company.
		In a research note published this morning, the analyst mentions that the company is likely to generate 20% ROE for 2005 and 2006, as compared to its COE of 12%.
		Kookmin Bank's net new NPL formation declined from 29 bps in 2Q05 to 69bp in 3Q04, which is likely to prompt the company to reduce its provisioning expenses in the near future, the analyst says.
	www.newratings.com /analyst_news/article_1015432.html (257 words)

	Kookmin Bank - Fact Sheet - Hoover's
		The company bought rival HandCB (formerly Housing and Commercial Bank) to further strengthen its position in the precarious Asian economy, but the move raised the ire of bank employee unions.
		The Bank of New York owns about 14% of Kookmin.
		There are 5 competitors for Kookmin Bank; see more.
	www.hoovers.com /freeuk/co/factsheet.xhtml?ID=57844&mode=print (230 words)

	FT.com / By industry / Financial services - South Korea?s Kookmin Bank reverses losses (Site not responding. Last check: 2007-10-17)
		Kookmin Bank, South Korea?s largest lender, on Thursday said tough restructuring and a recovery in its credit card business would help it sustain steady profits this year.
		With domestic banks facing intense competition as global rivals such as Citibank and Standard Chartered move into South Korea, Kookmin?s new chief executive is aggressively cutting costs at the bank, which has the lowest profitability in the sector.
		S Korean banks’ bad loans fall to record low
	news.ft.com /cms/s/a7206290-75cc-11d9-8833-00000e2511c8.html (108 words)

	Fair Disclosure Wire: Q4 2004 Kookmin Bank Earnings Conference Call - Final@ HighBeam Research (Site not responding. Last check: 2007-10-17)
		EVP Yun Keyn Jung in charge of consumer banking Group 1.
		EVP Nam Sik Yang in charge of consumer banking Group 2.
		We have EVP Yong Kook Oh in charge of Corporate Banking.
	www.highbeam.com /library/doc0.asp?DOCID=1P1:105486034&refid=ip_search (212 words)

	Kookmin Bank - Finance & Professional - New York, NY, 10017-2466 - Citysearch
		Kookmin Bank - Finance & Professional - New York, NY, 10017-2466 - Citysearch
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	newyork.citysearch.com /profile/7129549 (155 words)

	UPDATE 1-Goldman Sachs To Sell Kookmin Bank Stake; Stock Off (Site not responding. Last check: 2007-10-17)
		UPDATE 1-Goldman Sachs To Sell Kookmin Bank Stake; Stock Off
		Monday, October 14, 2002 - 6:02 pm ET send comments/feedback
		The stock fell 4.4 percent to 60,500 won, while the benchmark Kospi was up 1.23 percent at 0247 GMT.
	www.webprowire.com /summaries/133180.html (272 words)

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