Strong market position as Korea's largest bank Strong retail banking business Relatively low concentration risk Potential pressure on asset quality from high household leverage Pressure on profitability due to stiffening competition Relatively moderate management and governance track record The stable outlook on the long-term issuer credit rating on Kookmin Bank reflects Standard&Poor's Ratings Services' view that the bank and parent group KB Financial Group's (KBFG: not rated) overall credit profile is likely to remain stable despite a challenging operating environment. Kookmin faces pressure on its net interest margins due to competition amid a low interest rate environment. There is also ongoing pressure on corporate sectors, such as real estate and construction, shipbuilding and shipping, and potential pressure on
