Form 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

Form 6-K

 


 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2004

 


 

Kookmin Bank

(Translation of registrant’s name into English)

 


 

9-1, 2-Ga, Namdaemun-Ro, Jung-Gu, Seoul, Korea 100-703

(Address of principal executive office)

 


 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F      X            Form 40-F              

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes                      No      X    

 



Completion of the Debt-to-Equity Conversion for LG Card Co.

 

On August 3, 2004, Kookmin Bank has announced of its completion of the debt-to-equity conversion for LG Card Co. This is a part of business normalization plan agreed upon by creditor banks earlier this year.

 

In accordance with the normalization plan, on February 14, 2004, Kookmin Bank first swapped KRW156 billion of LG Card debt for equity, obtaining 31,270,000 shares of the company. On July 29, 2004, the Bank completed the debt-to equity conversions for LG Card by swapping additional KRW 362 billion with 72,450,000 shares.

 

Upon the completion of the conversion, Kookmin Bank currently holds 14.15% of ownership in the LG Card Co.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

Kookmin Bank

   

(Registrant)

Date: August 3, 2004

 

By:

 

/s/ Ki Sup Shin


       

(Signature)

   

Name:

 

Ki Sup Shin

   

Title:

 

Chief Financial Officer &

       

Senior Executive Vice President

 

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