Preliminary Approval Granted by the Financial Services Commission for the Establishment of a Financial Holding Company

On June 27, 2008, Kookmin Bank obtained the preliminary approval from the Financial Services Commission (the “FSC”) for the establishment of a financial holding company, tentatively to be called KB Financial Group Co., Ltd. (“KB Financial Group”).

Each of the entities that will become wholly-owned direct subsidiaries of KB Financial Group after its establishment, including Kookmin Bank, plans to convene an extraordinary general meeting of its stockholders to approve the stock transfer for the establishment of KB Financial Group in late August 2008. Upon receiving the approval of the stock transfer by our stockholders, we plan to establish KB Financial Group in late September 2008 after obtaining the official approval from the FSC.

Entities that will become wholly-owned direct subsidiaries of KB Financial Group after its establishment: Kookmin Bank, KB Real Estate Trust Co., Ltd., KB Investment Co., Ltd., KB Data Systems Co., Ltd., KB Credit Information Co., Ltd., KB Asset Management Co., Ltd., KB Futures Co., Ltd. and KB Investment & Securities Co., Ltd.

The above schedule may be subject to change by the board of directors of Kookmin Bank at the board of directors meeting or by the stockholders of Kookmin Bank at the extraordinary general meeting of stockholders.