Tax Assessment
2007-07-18On July 13, 2007, Kookmin Bank received a second notice of additional tax assessment from the Seoul Regional Tax Office in respect of the periodic tax audit for the years 2002 to 2005. The first notice, which we received on May 31, 2007, was for the amount of KRW 173,189,962,460 and such amount was paid on June 15, 2007. The notice that we received on July 13, 2007 was for the additional amount of KRW 268,791,041,795. The assessments in the first and second notices total KRW 441,981,004,255(representing 2.94% of the shareholders’ equity of Kookmin Bank). Kookmin Bank is planning to appeal the assessments after payment.