"During the dust-up over the exchange ratio, Kookmin's IR people made some pretty bombastic statements to investors and analysts"
On November 1, 2001, the new Kookmin Bank was born with $119.9 bn in assets, making it Korea's largest bank by far, and the 66th largest globally. Korea had seen bank mergers before, although none of this scale - this was something different. In the wake of the Asian financial crisis in 1997-98, the Korean government was being pressured by the IMF to get the financial sector in order. One response was to encourage a round of consolidation among smaller banks that had failed or were on the
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The staff writers on IR magazine are from our team of highly experienced journalists.
