Merger between Kookmin Bank Venture Capital and Frontier
2001-11-28On November 26, 2001, Kookmin Bank has decided to merge Frontier Investment into Kookmin Bank Venture Capital.As it possesses two venture capital companies as a result of the merger between “old” Kookmin Bank and H&CB, Kookmin Bank has decided to consolidate these two subsidiaries in order to avoid duplicate investment.
Frontier Investment will be dissolved and merged into Kookmin Bank Venture Capital, which is the surviving entity. The merged entity shall be named as Kookmin Investment Co., Ltd. This merger will be effective from December 31, 2001.
As of October 31, 2001,the paid in capital and total assets of Frontier Investment are 23 billion Won and 18 billion Won, respectively.
Upon completion of the merger, Kookmin Bank shall have fourteen subsidiaries with assets totaling 11,776 billion Won.