Sale of Shares of LG Card
2006-12-20On December 19, 2006, Kookmin Bank received a notice from the Creditors’ Steering Committee relating to the sale of shares of LG Card Co., Ltd. Accordingly, Kookmin Bank has decided to sell 11,018,119 shares of LG Card to Shinhan Financial Group Co., Ltd. at a price of KRW 67,770 per share. The sale is scheduled to be completed on March 23, 2007. However, the completion date is subject to the relevant regulatory approvals that will need to be obtained by Shinhan Financial Group and may be subject to change.