UPDATE 1-Kookmin Bank cuts Samurai bond plan to 10 bln yen

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SEOUL, April 3 (Reuters) - Kookmin Bank 060000.KS has cut the size of its proposed Samurai bond issue to 10 billion yen ($97.74 million) from the planned 30 billion yen, an official at the South Korean bank said on Thursday.

The official at the top South Korean lender's foreign-currency funding team confirmed a report by the local Maeil Business Newspaper that the bonds would be issued on April 15, but did not say why the amount had been reduced.

"We have made a filing for 10 billion yen," the official said, without elaborating further.

The newspaper said the cut in the offer size, which came after the bank earlier delayed the bond issue plan, indicated the global financial markets have not fully recovered from the fallout from the U.S. subprime mortgage crisis.

The planned Samurai bonds have received an Aa3 rating from Moody's Investors Service and an A rating from Standard & Poor's Ratings Service. ($1=102.31 Yen) (Reporting by Yoo Choonsik; Editing by Tomasz Janowski)