Changes in Affiliates
2008-03-13On March 12, 2008, Kookmin Bank disclosed that it had established a new affiliated company, KB Investment & Securities Co., Ltd. (formerly Hannuri Investment & Securities Co., Ltd), to engage in the securities business. The datails are as follows:
1. Description of change: Addition of a new affiliate.
2. Information regarding the new affiliate:
- Company name: KB Investment & Securities Co., Ltd.
- Key financial figures (as of March 31, 2007):
° Total Assets (KRW): 278,847,801,986
° Total Liabilities (KRW): 172,564,212,737
° Total Shareholders' Equity (KRW): 106,283,589,249
° Capital Stock (KRW): 50,000,000,000
- Primary area of business: Securities business
3. Reason for change: Kookmin Bank acquired 95.8% of the outstanding shares of Hannuri Investment & Securities Co., Ltd.
4. Total number of affiliated companies after addition of new affiliate: 10
5. Date of change: March 11, 2008
6. Other relevant information:
- On March 11, 2008, at its extraordinary general meeting of shareholders, Hannuri Investment & Securities Co., Ltd. changed its name to KB Investment & Securities Co., Ltd.
- The total number of affiliated companies provided above excludes companies that are undergoing liquidation or bankruptcy proceedings.
- This disclosure is related to the public disclosures made in Korea on November 14, 2007 and February 5, 2008.