SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2002
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Kookmin Bank
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(Translation of registrant's name into English)
9-1, 2-Ga, Namdaemun-Ro, Jung-Gu, Seoul, Korea 100-703
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(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F _____
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Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):_____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of
a Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):_____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of
a Form 6-K if submission to furnish a report or other document that the
registration foreign private issuer must furnish and make public under the laws
of the jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant's "home country"), or under the rules of the
home country exchange on which the registrant's securities are traded, as long
as the report or other document is not a press release, is not required to be
and has not been distributed to the registrant's security holders, and if
discussing a material event, has already been the subject of a From 6-K
submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _____ No X
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New Business Development
On November 15, 2002, Kookmin Bank announced the following plan for the future.
Branch Network Restructuring
Since its merger, Kookmin Bank has been consolidating its branch office network
through gradual adjustment, relocation and functional conversion of the
overlapping branches with a view to improve revenues and efficiency. As a newly
recent initiative as part of the consolidation in progress, Kookmin Bank will
close 55 branches during December.
According the announcement, 52 branches will shut down for closure after
business on December 13, 2002 and the remaining 3 branches thereafter.
It was also disclosed that any additional closure has not yet been decided for
2004.
(Caution)
This document contains forward-looking statements, as defined in the safe harbor
provisions of the United States Private Securities Litigation Reform Act of
1995. These forward-looking statements reflect Kookmin Bank's current views with
respect to future events, and are subject to certain risks and uncertainties,
which could cause actual results to differ materially from those anticipated.
Although Kookmin Bank believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can give no
assurance that its expectations will be attained. Kookmin Bank undertakes no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Kookmin Bank
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(Registrant)
Date: November 15, 2002 By: /s/ Jong-Kyoo Yoon
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(Signature)
Name: Jong-Kyoo Yoon
Title: Executive Vice President &
Chief Financial Officer
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