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Published by Chung & Partners

Kookmin Bank Buying out Kazakhstan Bank

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Today it was reported that Kookmin Bank would buy a majority stake of Bank Center Credit, the sixth-largest Kazakhstan commercial bank, worth $634 million. The deal is the largest overseas M&A by a Korean financial institution.

Kookmin bank is targeting to become a leading bank not only in Kazakhstan but also in Central Asia, which holds 3.3 percent of the world’s oil.

Here is the news article.

© 2008 Wonil Chung, a Korean Banking Lawyer/Chung & Partners, a Korean Banking Law Firm.  All rights reserved. Some copyrights, photos, icons, trademarks, trade dress, or other commercial symbols that appear on this post are the property of the respective owners.

Author: chungwi

Korean Licensed Lawyer

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