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Photo=KB Kookmin Bank |
[Alpha Biz= Paul Lee] Kookmin Bank has announced plans to sell idle real estate assets valued at approximately 133.45 billion KRW following branch closures and reduced usage.
On May 29, Kookmin Bank posted a sales notice on its website for 13 properties, with a total minimum bidding amount set at 133.453 billion KRW.
The properties for sale are located across multiple regions: three in Seoul, six in Gyeonggi Province, and one each in Gangwon, Gyeongbuk, Daejeon, and Ulsan. The property with the highest minimum bid is the former Kookmin Bank Gwangmyeong branch, valued at 29.694 billion KRW.
The bank’s decision to sell these properties comes as digital banking services expand, reducing the need for in-person branch visits. By disposing of closed branch properties, Kookmin Bank aims to improve cost efficiency and enhance capital efficiency and soundness ratios.
A Kookmin Bank spokesperson explained, “As the number of branches decreases annually, we regularly review and liquidate idle real estate.”
In the first quarter of this year, the four major Korean banks — Kookmin, Shinhan, Hana, and Woori — collectively closed 84 branches. Shinhan Bank closed 30 branches, Kookmin Bank 28, and Woori Bank 26. Hana Bank did not close any branches during this period.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
