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Consumer-oriented Korea Exchange Bank (KEB) offers loans and deposits, credit cards, insurance, investments, and private banking. Its corporate banking services include futures trading, lease financing, and lending. KEB has some 325 domestic branches, plus nearly 30 locations in 15 other countries. South Korea's government was KEB's largest shareholder until private equity firm Lone Star Funds acquired a majority stake in 2003. Lone Star reached a deal to sell KEB to KB Financial (formerly Kookmin Bank) for $7 billion in 2006, but pulled the plug on the deal amid a probe by the South Korean government. HSBC then arranged to buy Lone Star's stake in KEB for some $6 billion but terminated that deal in 2008.
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| | | Contact Information | |
Address: |
181, 2Ga, Euljiro, Jung-gu
Seoul 100-793, South Korea
| | Phone: | +82-2-729-0432 | | Fax: | +82-2-775-2565 |
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| Financial
Highlights | | Fiscal Year End: | December |
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Key People
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Chairman, President, and CEO:
Richard F. Wacker
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Senior Managing Director Finance and CFO:
Suh Choong Suk
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Deputy President, Chief Risk Officer, CIO, and Director:
William H. Roelle
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