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Form 6-K Current Reports

Revised Terms and Conditions of Strategic Alliance with ING

2003-08-27

On August 27, 2003, the Board of Directors has approved and ratified the revised terms and conditions of the strategic alliance agreement with ING Group.

The key summary of the revised agreement is as follows;

1. Strategic alliance

Exclusive alliance on bancassurance business has been revised as commercial relationship-based alliance.

2. ING’s stake in Kookmin Bank

ING is required to hold its current stake of 3.87%(12,716,691 shares) in Kookmin Bank.

3. Mutual stake in ING Life Insurance Company, Korea and KB Investment Trust Management

Kookmin Bank and ING agreed to hold current mutual investment in ING Life Insurance Company, Korea Ltd. (20% owned by Kookmin Bank and 80% by ING Insurance International B.V.) and KB Investment Trust Management Ltd. (80% owned by Kookmin Bank and 20% by ING Insurance International B.V.) until the revised date of August 29, 2006 (previously, it was December 4, 2008).