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 Moderate profitability due to stiff competition Relatively moderate management and governance track record The stable outlook on Kookmin Bank reflects S&P Global Ratings' view that the bank and parent group, KB Financial Group (KBFG: not rated), will maintain their current level of capitalization and stable asset quality over the next 18-24 months. We believe that Kookmin's stand-alone credit profile (SACP) largely mirrors the overall group credit profile given its dominance in terms of size within the group. There is also ongoing pressure on corporate sectors, such as real estate and construction, shipbuilding and shipping, and potential
