Kookmin Bank Overview and History

Kookmin Bank was founded in 1898, making it one of the oldest banks in South Korea.

The bank was established by a group of 25 individuals who pooled their resources to create a banking institution that would serve the local community.

Kookmin Bank's early years were marked by a focus on providing basic banking services to the people of Korea, including savings accounts and loans.

It wasn't until the 1960s that the bank began to expand its operations and offer a wider range of financial services.

If this caught your attention, see: Banks and Banking Services

Kookmin Bank offers a wide range of services through its 13 subsidiaries, including banking, securities, insurance, and asset management.

One of the subsidiaries, Kookmin Bank, is a not-for-profit credit union that serves the people, businesses, and neighborhoods of Greater Philadelphia, providing all things banking and educational resources to build financial security.

Kookmin Bank's services are open to anyone who lives or spends time in Southeast PA, all you need to do is open a savings account to join.

Here are some of the subsidiaries under KB Financial Group:

The bank has had its fair share of experienced leaders at the helm. Here are some of the notable former presidents of the bank.

Kim Jung-tae served as the bank president from 2001 to 2004, setting the stage for the bank's future growth. Kang Jung-won took over from 2004 to 2010, leading the bank through a period of significant expansion.

Min Byung-deok was the bank president from 2010 to 2013, followed by Lee Kun-ho from 2013 to 2014. Yoon Jong-gyu led the bank from 2014 to 2017, bringing a new level of expertise to the role.

Heoin took the reins from 2017 to 2021, guiding the bank through a period of change. Lee Jae-geun is the most recent former president, serving from 2022 to 2024.

Here is a list of the former presidents of the bank:

Lee Hwan-ju is the bank's current president, taking over in 2025.

KB Financial Group operates a diverse range of subsidiaries, totaling 13 in number.

These subsidiaries include Kookmin Bank, KB Securities, and KB Insurance, among others.

KB Financial Group's subsidiaries cover a broad spectrum of financial services, including banking, securities, insurance, and asset management.

Here are some of the key subsidiaries under KB Financial Group:

Kookmin's checking accounts offer 24/7 account management with online bill pay, mobile deposit, account alerts, and more.

You can compare the benefits of each Kookmin Checking Account to find the right one for you.

Kookmin is a not-for-profit credit union that exists to serve the people, businesses, and neighborhoods of Greater Philadelphia, so they can prosper.

By choosing Kookmin, you can enjoy better rates and low (or no!) fees.

Kookmin has digital banking tools to meet your needs, including depositing checks with your mobile device.

You can pay bills online, check balances on the go, and more with Kookmin's online and mobile banking services.

Kookmin offers a variety of credit card rewards, including options that can be redeemed for cash, merchandise, or travel.

You can learn more about the types of rewards available and how to redeem them by visiting the Kookmin website or contacting their customer service.

Kookmin's credit card rewards program allows you to earn points or miles with every purchase, which can be redeemed for rewards that fit your needs and interests.

Redemption options may include statement credits, gift cards, or even the opportunity to travel for free.

Whether you're looking for a way to earn rewards on everyday purchases or save up for a special treat, Kookmin's credit card rewards program has something for everyone.

Choosing a credit union can be a great decision for your financial well-being. Our members enjoy great rates, which can help you save money on loans and deposits.

Lower fees are another perk of banking with a credit union. At Kookmin, we promise to go beyond merely meeting your banking needs.

Exclusive benefits, such as superior customer service, are also available to credit union members. Our promise is to deliver a better experience with every interaction.

You can trust that your financial needs will be met with care and attention at a credit union. Find out how credit unions like Kookmin fulfill this promise every day.

For another approach, see: Hana Financial Group

Kookmin Bank has a significant international presence, with branches and corporations in various countries.

The bank has a total of 17 overseas branches and corporations, a testament to its global reach.

Here are some of the countries where Kookmin Bank has a presence: