KB Kookmin Bank is the largest bank in South Korea and is headquartered in Seoul. It was established in December 2000 after the merger of the former Kookmin Bank and Housing and Commercial Bank, both of which had been previously founded in the 1960s.
Both the original banks that eventually became KB Kookmin survived the Asian financial crisis of 1997; it was the need to strengthen the banks after the crisis that made the Korean government decide to merge them. Post-merger, the bank acquired even more companies, becoming the KB Financial Group in 2008.
KB Kookmin Bank is a subsidiary of KB Financial Group.
KB Kookmin Bank Products and Services
In South Korea, KB Kookmin Bank provides banking services to personal and corporate clients. These include savings accounts, time deposit accounts and instant access deposit accounts, personal loans, mortgages, bancassurance, cash management, correspondence services, remittance, foreign exchange and foreign investment services.
In the UK, Kookmin Bank’s London branch provides corporate banking products including loans and deposits, foreign currency exchange, and trade finance.
KB Kookmin Bank Security
In the UK KB Kookmin Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority.
Kookmin Bank Contact Details
6th Floor Princes Court 7 Princes Street London EC2R 8AQ