January 19, 2009

Seoul, Korea-based Kookmin Bank will adopt IBM (Armonk, N.Y.) System z10 as the platform for its next-generation core banking application system. The bank-wide project will consolidate all of the bank's different business units around the world.

Kookmin Bank launched the NGBS project in 2007. As the bank's service provider, IBM is currently developing the framework of the project and building a customer-centric, user-friendly application system. With the IBM IT infrastructure providing 24x7 availability, Kookmin Bank will be able to promptly respond to the changing financial environment. Other benefits include business continuity based on a seamless disaster recovery solution, minimum deployment and stronger monitoring, as well as improved support for the bank's global operations. In turn, the bank will be able to leverage new technology, devices and media to provide world-class services to its customers globally, according to the company.