KB Kookmin Bank Arranges 240 Billion Won for U.S. Energy Infrastructure Project

Delfin Floating LNG Project
Joint Initiative with Global Financial Institutions

KB Kookmin Bank announced on June 4 that it has completed joint lead arranging for the U.S. 'Delfin Floating LNG' development project.

This project involves the first-ever installation of a commercial floating LNG facility in the U.S. Gulf of Mexico, for which Samsung Heavy Industries has secured the construction contract.

Global banks such as Mitsubishi UFJ and Citi participated in this joint lead arrangement. Among Korean financial institutions, KB Kookmin Bank was the only one selected as the sole lead arranger.

The total loan syndication amounts to approximately 4 trillion won, with KB Kookmin Bank arranging around 240 billion won of that amount.

KB Kookmin Bank explained that this project is a symbolic example of Korea-U.S. strategic industrial cooperation and support for investment in the U.S., as it brings together Korean shipbuilding and finance in the development of strategic energy infrastructure in the United States.

Lee Wonjong, Deputy President of the Corporate & Investment Banking (CIB) Division at KB Kookmin Bank, stated, "This is a symbolic deal that elevates trade, energy, and shipbuilding cooperation between the two countries. It is also meaningful that the global investment banking expertise KB Kookmin Bank has built up—through the operation of local due diligence centers and dispatching IB professionals overseas—has come to fruition."

He added, "Going forward, we will further expand our financial role in strengthening national competitiveness by actively supporting the global expansion of Korean industries, leveraging our due diligence expertise in local markets and cooperation with global financial institutions."

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