Strategic Alliance Between Kookmin Bank and ING Group (Apr. 1, 2001)
2002-04-02On March 30, 2002, Kookmin Bank and ING Group jointly released the following announcement with regard to maintaining the strategic alliance.
Kookmin Bank and ING intend to maintain the strategic alliance.
Kookmin Bank and ING have agreed to make a decision regarding ING’s additional investment in Kookmin Bank when the detailed guidelines regarding the deregulations of the bancassurance business in Korea become clear.
Accordingly, both parties have also agreed to continue discussion for the formulation of a mutually beneficial strategic alliance structure by the end of May 2002.