Kookmin Bank

The $500 million principal investment in Kookmin Bank led by Goldman Sachs represents a landmark transaction in South Korea and exemplifies the unique value of our global perspective and resources. Our firm is now the largest shareholder in South Korea’s largest consumer bank. A global team of Goldman Sachs professionals with expertise in principal investing, research, corporate finance, financial institutions, and equity and fixed income markets evaluated and implemented the investment—working closely with Kookmin Bank. In all, more than 25 Goldman Sachs and 200 legal and accounting professionals took part in the due diligence process that involved the careful analysis of an institution with over $70 billion in assets and more than 12 million customers. Our Investment Management Division is advising Kookmin Bank on risk management strategies.

• A $500 million principal investment makes Goldman Sachs the single largest shareholder in the largest consumer bank in Korea.
• Kookmin’s appointment of Goldman Sachs to a director position on its board is unusual in that very few foreign executives serve on the boards of major corporations in Korea.