KB Kookmin Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
MTS Bank correspondent-account dispute
A Moscow Arbitration Court ordered Kookmin Bank to pay 109.2 million US dollars in damages concerning funds frozen in a correspondent account after sanctions were imposed in 2023. Kookmin Bank reportedly disputed the decision and challenged the claimant's conduct. A Moscow Arbitration Court ordered Kookmin Bank to pay approximately $109.2 million to MTS Bank over funds frozen in a correspondent account after sanctions imposed in 2023. Kookmin Bank disputed the ruling and challenged the claimant's conduct.
2004
Tax-avoidance findings and earnings restatement
South Korea's financial watchdog found that Kookmin Bank had avoided approximately $270 million in taxes. The bank subsequently said it would restate its 2003 and 2004 earnings.