Exhibit 4.1
 
 AMENDED AND RESTATED
STRATEGIC ALLIANCE AGREEMENT
 between
 KOOKMIN BANK
 and
ING BANK N.V.
 Dated as of August 27, 2003




---



##### 



TABLE OF CONTENTS
 PageARTICLE IDEFINITIONSSection 1.01. Definitions
    
    
    1Section 1.02. General Interpretive Principles
    
    
    3ARTICLE IITERMINATION OF PRIOR STRATEGIC ALLIANCEAGREEMENT; PREVAILING AGREEMENTSection 2.01. Termination of Prior Strategic Alliance Agreement
    
    
    4Section 2.02. Prevailing Agreement
    
    
    4ARTICLE IIIGOVERNANCESection 3.01. Board Representation
    
    
    4Section 3.02. Vacancies
    
    
    5Section 3.03. Prior Notification
    
    
    5Section 3.04. Remuneration
    
    
    5ARTICLE IVREPRESENTATIONS AND WARRANTIESSection 4.01. Representations and Warranties of KB
    
    
    5Section 4.02. Representations and Warranties of ING
    
    
    6ARTICLE VEFFECTIVE DATE; TERM; TERMINATIONSection 5.01. Effective Date; Term
    
    
    6Section 5.02. Termination of Agreement
    
    
    6Section 5.03. Consequences of Termination
    
    
    6ARTICLE VIINDEMNIFICATIONSection 6.01. Indemnification by ING
    
    
    7Section 6.01. Indemnification by KB
    
    
    7ARTICLE VIIMISCELLANEOUSSection 7.01. Fees and Expenses
    
    
    7Section 7.02. Notices
    
    
    7Section 7.03. Entire Agreement; Amendment; Severability
    
    
    7Section 7.04. Counterparts
    
    
    8Section 7.05. Governing Law
    
    
    8Section 7.06. Arbitration
    
    
    8Section 7.07. Successors and Assigns
    
    
    8Section 7.08. No Third-Party Beneficiaries
    
    
    8
 i




---



##### 



AMENDED AND RESTATED
STRATEGIC ALLIANCE AGREEMENT
 THIS AMENDED AND RESTATED STRATEGIC ALLIANCE AGREEMENT Agreement Kookmin Bank KB ING Bank N.V. ING
 W I T N E S S E T H:
 WHEREAS Prior Strategic Alliance Agreement
 WHEREAS Prior INGLK Agreement
 WHEREAS Prior KBITM Agreement
 WHEREAS
 WHEREAS INGLK Agreement KBITM Agreement
 NOW, THEREFORE
 ARTICLE I
 DEFINITIONS
 Definitions
 Articles of Incorporation
 Board
 Change in Control
 Effective Date
 Governmental Entity
 1




---



##### 



ING Break-up Event
          Indemnified KB Parties
 Indemnified ING Parties
 ING Group
 KB Break-up Event
      2




---



##### 



Korea
 Law
 Losses
 Minimum Shares
 Person
 Relevant Securities
 Representatives
 Shares
 Shareholding
 Subsidiaries
 General Interpretive Principles
 3




---



##### 



ARTICLE II
 TERMINATION OF PRIOR STRATEGIC ALLIANCE
AGREEMENT; PREVAILING AGREEMENT
 Termination of Prior Strategic Alliance Agreement
 Prevailing Agreement
 ARTICLE III
 GOVERNANCE
 Board Representation
    4




---



##### 



Vacancies
 Prior Notification
 Remuneration
 ARTICLE IV
 REPRESENTATIONS AND WARRANTIES
 Representations and Warranties of KB
 Corporate Organization and Qualification
 Authorization of Agreement; Enforceability
 5




---



##### 



No Conflict
 Representations and Warranties of ING
 Corporate Organization and Qualification
 Authorization of Agreement; Enforceability
 No Conflict
 ARTICLE V
 EFFECTIVE DATE; TERM; TERMINATION
 Effective Date; Term
 Termination of this Agreement
    Consequences of Termination
   6




---



##### 



ARTICLE VI
 INDEMNIFICATION
 Indemnification by ING Indemnified KB Parties
 Indemnification by KB Indemnified ING Parties
 ARTICLE VII
 MISCELLANEOUS
 Fees and Expenses
 Notices
 (a)
    
    If to KB, to:
 
 (b)
    
    If to ING, to:
 
 
  Entire Agreement; Amendment; Severability
 7




---



##### 



Counterparts
 Governing Law
 Arbitration
   Successors and Assigns
 No Third-Party Beneficiaries
 SIGNATURES ON NEXT PAGE
 8




---



##### 



IN WITNESS WHEREOF
 KOOKMIN BANK
    
    ING BANK N.V.By:Name:
    

/s/Hendrik Kooiker

Hendrik Kooiker
    
    By:Name:
    

/s/Jong-Kyoo Yoon

Jong-Kyoo YoonTitle:
    
    Authorized Representative
    
    Title:
    
    Executive Vice President ofStrategic Planning Division
 9