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Table of Contents
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s name into English)

 

 

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, Korea

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒     Form  40-F ☐

 

 
 


Table of Contents

Index

1. Summary of the 2026 First Quarter Business Report

2. Exhibit 99.1 KB Financial Group Review Report for the First Quarter of 2026 (Consolidated)

3. Exhibit 99.2 KB Financial Group Review Report for the First Quarter of 2026 (Separate)


Table of Contents

TABLE OF CONTENTS

 

1.

   Introduction to the Company

1.1.

   Business Purpose

1.2.

   History

1.3.

   Overview of the Business Group

1.4.

   Capital Structure

1.5.

   Dividends

1.6.

   Amendments to the Articles of Incorporation

2.

   Business

2.1.

   Results of Operations

2.2.

   Sources and Uses of Funds

2.3.

   Other Information to Consider in Making an Investment Decision

3.

   Financial Information

3.1.

   Consolidated Financial Information

3.2.

   Separate Financial Information

3.3.

   Other Selected Financial Data

3.4.

   Other Financial Information

4.

   Independent Public Accountants

4.1.

   Audit/ Review Services

4.2.

   Public Company Accounting Oversight Board (“PCAOB”) Audit Services

4.3.

   Change in Auditor

5.

   Corporate Governance and Affiliated Companies

5.1.

   Board of Directors & Committees under the Board

5.2.

   Audit Committee

5.3.

   Compensation to Directors

5.4.

   Top 5 Highest-Paid Individuals

5.5.

   Stock-based Compensation

5.6.

   Affiliated Companies

6.

   Directors, Senior Management and Employees

6.1.

   Executive Directors

6.2.

   Non-standing Directors

6.3.

   Non-executive Directors

6.4.

   Senior Management

6.5.

   Employees

7.

   Major Shareholders and Related Party Transactions

7.1.

   Major Shareholders

7.2.

   Changes in the Largest Shareholder

7.3.

   Employee Stock Ownership Association

7.4.

   Investments in Affiliated Companies

7.5.

   Related Party Transactions

8.

   Internal Controls

8.1.

   Management’s Assessment of the Effectiveness of the Internal Accounting Management System

8.2.

   Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System

8.3.

   External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting


Table of Contents

Summary of 2026 First Quarter Business Report

On May 15, 2026, KB Financial Group Inc. (“KB Financial Group,” the “Company” or the “Group”) filed its business report for the first quarter of 2026 (the “Business Report”) with the Financial Services Commission of Korea and the Korea Exchange. This is a summary of the Business Report translated into English.

Except where indicated otherwise, financial information contained in this summary have been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“K-IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “KB Financial Group,” “we,” “us,” the “Company” or the “Group” are to KB Financial Group and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.


Table of Contents
1.

Introduction to the Company

 

1.1.

Business Purpose

KB Financial Group is a financial holding company that was established in September 2008. Its main business purpose is to hold shares in companies that are engaged in financial or related services, as well as govern and manage such companies. Its consolidated subsidiaries are primarily engaged in the banking business, as well as the credit card business, the financial investment business, the insurance business and other related businesses.

 

1.2.

History

[Not required to be disclosed in quarterly reports]

 

1.3.

Overview of the Business Group

[Not required to be disclosed in quarterly reports]

 

1.4.

Capital Structure

 

  1.4.1.

Common Shares

Changes in Capital

 

(As of March 31, 2026)           (Unit: Won, shares)

Date

  

Type

   Number of Shares
Issued or Cancelled
     Par Value      Price     

Remarks

September 29, 2008

   Common Stock      356,351,693        5,000        48,444      Establishment of the Company

September 2, 2009

   Common Stock      30,000,000        5,000        37,250      % increase in number of common shares: 8.41865%

October 19, 2016

   Common Stock      31,759,844        5,000        35,474      % increase in number of common shares: 8.22045%

December 12, 2019

   Common Stock      2,303,617        5,000        —       Share Cancellation(1)

February 14, 2022

   Common Stock      3,455,426        5,000        —       Share Cancellation(1)

August 1, 2022

   Common Stock      3,455,426        5,000        —       Share Cancellation(1)

April 4, 2023

   Common Stock      5,385,996        5,000        —       Share Cancellation(1)

August 14, 2024

   Common Stock      9,982,649        5,000        —       Share Cancellation(1)

May 15, 2025

   Common Stock      12,066,320        5,000        —       Share Cancellation(1)

January 15, 2026

   Common Stock      8,611,648        5,000        —       Share Cancellation(1)

 

  Note: (1)

The cancelled shares constituted treasury shares acquired pursuant to a resolution of the board of directors of the Company within the limits of profit available for dividend payment, and as such, there was no change in paid-in capital.

Number of Shares

[Not required to be disclosed in quarterly reports]


Table of Contents

1.4.2. Voting Rights

 

(As of March 31, 2026)                  (Unit: shares)  

Items

          Number of Shares      Notes  

Total number of issued shares

     Common shares        372,850,455        —   
     Preferred shares        —         —   

Shares without voting rights

     Common shares        17,462,733        Treasury shares  
     Preferred shares        —         —   

Shares for which voting rights cannot be exercised pursuant to the Articles of Incorporation

     —         —         —   

Shares for which voting rights are restricted under relevant laws and regulations

     —         —         —   

Shares with restored voting rights

     —         —         —   

Total shares for which voting rights may be exercised

     Common shares        355,387,722        —   
     Preferred shares        —         —   

 

  Notes: (1)

On April 23, 2026, the board of directors of the Company resolved to cancel certain of the Company’s existing treasury shares, and accordingly, 14,262,733 of such existing treasury shares are scheduled to be cancelled on May 15, 2026. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on April 23, 2026.

 

         (2)

On February 5, 2026, the board of directors of the Company resolved to acquire and cancel certain of the Company’s treasury shares. Pursuant to such resolution, the Company commenced the acquisition of treasury shares on February 6, 2026 and completed such acquisition on April 7, 2026, acquiring a total of 3,899,988 treasury shares. Such treasury shares are scheduled to be canceled on May 15. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on April 9, 2026.

 

         (3)

On April 23, 2026, the board of directors of the Company resolved to acquire and cancel certain of the Company’s treasury shares. Pursuant to such resolution, the Company commenced the acquisition of treasury shares on April 24, 2026. Such treasury shares are scheduled to be canceled upon completion of the acquisition. Such shares are not included in the number of “Shares without voting rights” as of March 31, 2026 above.

 

1.5.

Dividends

On October 24, 2024, KB Financial Group disclosed a detailed plan to enhance corporate value titled “KB Financial Group’s Sustainable Value-up Plan,” which includes information on shareholder returns and dividends. The key details of the plan are as outlined below (the full version of the plan can be accessed on KB Financial Group’s website at www.kbfg.com).

The Company’s goal is to maintain a target ROE of 10% or above, as it strives to improve profitability by enhancing its RoRWA, thereby strengthening its intrinsic corporate value.

The Company also seeks to maintain a target CET1 ratio of 13% or above. It aims to carefully manage its RWA growth rate by taking capital efficiency and profitability into consideration with the goal of maintaining a CET1 ratio in the range of mid-13% throughout the year.

The Company plans to execute its shareholder return policy in two phases. In the first phase, it will aim to utilize the capital in such amount that is equivalent to the amount exceeding 13% of its CET1 ratio as of the end of the previous year for the payment of shareholder returns in the following year. These returns will be supported through quarterly cash dividends (equitably distributed on a total annual basis) and through share buybacks and cancellations. In the second phase, the Company will aim to utilize the capital in such amount that is equivalent to the amount exceeding 13.5% of its CET1 ratio in the second half of the year to pay for additional shareholder returns. These returns, which will be made based on profits accumulated throughout the year, will be executed through share buybacks and cancellations.

These goals and expectations are subject to adjustments based on economic uncertainties, regulatory considerations, capital ratio projections, and the Company’s strategic objectives, including potential inorganic growth opportunities.

KB Financial Group’s progress report on its Sustainable Value-up Plan is available on its website (www.kbfg.com).


Table of Contents

1.5.1. Status of implementation of measures to improve dividend procedures under the Articles of Incorporation

 

Items

  

Year-end dividend

  

Quarterly dividend

Authority to determine the amount of dividends under the Articles of Incorporation

   Annual general meeting of shareholders    Board of directors

Whether it is possible to fix the record date after the amount of dividend has been determined pursuant to the Articles of Incorporation

   Yes    Yes

Future plans for implementing improvements to dividend procedures

     

1.5.2. Dividend Confirmation and Record Date Schedule

 

Items

   Fiscal
Year-End
   Dividend
Payment
Status
   Dividend Amount
Confirmation Date
   Record Date

Quarterly Dividend

   March 2023    Yes    April 27, 2023    March 31, 2023

Quarterly Dividend

   June 2023    Yes    July 25, 2023    June 30, 2023

Quarterly Dividend

   September 2023    Yes    October 24, 2023    September 30, 2023

Annual Dividend

   December 2023    Yes    March 22, 2024    February 29, 2024

Quarterly Dividend

   March 2024    Yes    April 25, 2024    March 31, 2024

Quarterly Dividend

   June 2024    Yes    July 23, 2024    June 30, 2024

Quarterly Dividend

   September 2024    Yes    October 24, 2024    September 30, 2024

Annual Dividend

   December 2024    Yes    March 26, 2025    February 28, 2025

Quarterly Dividend

   March 2025    Yes    May 12, 2025    May 12, 2025

Quarterly Dividend

   June 2025    Yes    August 11, 2025    August 11, 2025

Quarterly Dividend

   September 2025    Yes    November 14, 2025    November 14, 2025

Annual Dividend

   December 2025    Yes    March 26, 2026    February 27, 2026

Quarterly Dividend

   March 2026    Yes    May 8, 2026    May 8, 2026

 

  Notes: (1)

The dividend amount confirmation dates refer to the date at which both the resolution of the relevant body (the Annual General Meeting of Shareholders or the Board of Directors) and the dividend record date have occurred.

 

         (2)

With respect to annual dividends, the record date was decided through a resolution of the Board of Directors and announced two weeks in advance. With respect to quarterly dividends: (i) following an amendment to the Articles of Incorporation on March 26, 2025, the record date was decided through a resolution of the Board of Directors within 45 days of the end of the quarter and announced two weeks in advance; and (ii) prior to the amendment of the Articles of Incorporation, the record date was designated to be the end of March, June and September.


Table of Contents

1.5.3. Key Dividend Indicators

 

     (Unit: in millions of Won, except per share amounts and percentages)  

Items

        January 1, 2026 to
March 31, 2026(1)
     January 1, 2025 to
December 31, 2025(2)
     January 1, 2024 to
December 31, 2024(3)
 

Par value per share (Won)

        5,000        5,000        5,000  

(Consolidated) Net income

        1,892,401        5,833,162        5,078,221  

(Consolidated) Earnings per share (Won)

        5,165        15,410        12,880  

Total cash dividends

        405,088        1,577,774        1,198,257  

Total stock dividends

        —         —         —   

(Consolidated) Cash dividend payout ratio (%)

              21.4              27.0              23.6  

Cash dividend yield (%)

   Common shares      0.7        3.2        3.5  
   —       —         —         —   

Stock dividend yield (%)

   Common shares      —         —         —   
   —       —         —         —   

Cash dividend per share (Won)

   Common shares      1,143        4,367        3,174  
   —       —         —         —   

Stock dividend per share

   Common shares      —         —         —   
   —       —         —         —   

 

  Notes: (1)

Includes a quarterly dividend amount of Won 405,088 million (Won 1,143 per common share) expected to be distributed for the first quarter of fiscal year 2026.

 

         (2)

Includes a quarterly dividend amount of Won 334,339 million (Won 912 per common share) for the first quarter of fiscal year 2025, a quarterly dividend amount of Won 334,652 million (Won 920 per common share) for the second quarter of fiscal year 2025, a quarterly dividend amount of Won 335,016 million (Won 930 per common share) for the third quarter of fiscal year 2025, and an annual dividend amount of Won 573,768 million (Won 1,605 per common share) for fiscal year 2025.

 

         (3)

Includes a quarterly dividend amount of Won 300,087 million (Won 784 per common share) for the first quarter of fiscal year 2024, a quarterly dividend amount of Won 299,999 million (Won 791 per common share) for the second quarter of fiscal year 2024, a quarterly dividend amount of Won 299,886 million (Won 795 per common share) for the third quarter of fiscal year 2024, and an annual dividend amount of Won 298,285 million (Won 804 per common share) for fiscal year 2024.

 

1.6.

Amendments to the Articles of Incorporation

[Not required to be disclosed in quarterly reports]


Table of Contents
2.

Business

 

2.1.

Results of Operations

 

     (Unit: in millions of Won)  
     For the three months
ended March 31, 2026
     For the three months
ended March 31, 2025
     For the year ended
December 31, 2025
     For the year ended
December 31, 2024
 

Net interest income

     3,334,822        3,262,165        13,073,093        12,826,714  

Interest income

     7,159,729        7,454,941        29,156,100        30,491,385  

Interest expense

     (3,824,907      (4,192,776      (16,083,007      (17,664,671

Net fee and commission income

     1,359,329        934,048        4,098,287        3,849,627  

Fee and commission income

     1,810,375        1,330,233        5,773,521        5,481,843  

Fee and commission expense

     (451,046      (396,185      (1,675,234      (1,632,216

Insurance service result

     343,641        437,753        1,303,373        1,649,761  

Insurance income

     3,132,257        3,107,811        12,376,546        11,456,191  

Insurance expense

     (2,788,616      (2,670,058      (11,073,173      (9,806,430

Net gains on financial assets/liabilities at fair value through profit or loss

     366,844        546,218        3,380,205        1,012,081  

Other insurance finance expenses

     (354,306      (139,570      (1,026,721      (437,001

Net other operating expenses

     (64,581      (486,424      (2,883,075      (1,873,011

General and administrative expenses

     (1,764,914      (1,605,565      (7,064,573      (6,938,624

Operating profit before provision for credit losses

     3,220,835        2,948,625        10,880,589        10,089,547  

Provision for credit losses

     (493,269      (655,597      (2,362,878      (2,044,286

Net operating profit

     2,727,566        2,293,028        8,517,711        8,045,261  

Notes: (1) Based on K-IFRS (on a consolidated basis).


Table of Contents
2.2.

Sources and Uses of Funds

2.2.1. Sources of Funds

 

(Unit: in millions of Won)  
        For the three months ended
March 31, 2026
    For the year ended
December 31, 2025
    For the year ended
December 31, 2024
 
                    Average
Balance
    Interest Rate
(%)
    Ratio
(%)
    Average
Balance
    Interest Rate
(%)
    Ratio
(%)
    Average
Balance
    Interest Rate
(%)
    Ratio
(%)
 

Won

Currency

 

Deposits

    385,233,954       1.87       48.07       375,826,777       2.07       48.43       359,346,604       2.45       48.87  
 

Certificate of deposit

    12,772,355       2.88       1.59       10,813,731       2.99       1.39       11,148,293       3.84       1.52  
 

Borrowings

    36,392,872       2.50       4.54       35,428,675       2.67       4.57       32,774,664       3.47       4.46  
 

Call money

    1,040,769       2.58       0.13       1,885,958       2.65       0.24       1,747,858       3.43       0.24  
 

Debentures

    64,567,637       3.39       8.06       61,625,699       3.50       7.94       58,497,966       3.67       7.96  
 

Others

    31,315,475       3.29       3.91       28,701,227       3.23       3.70       24,034,767       4.09       3.26  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    531,323,062       2.21       66.30       514,282,067       2.37       66.27       487,550,152       2.78       66.31  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Foreign Currency

 

Deposits

    44,335,750       2.87       5.53       40,646,841       3.34       5.24       37,798,747       4.12       5.14  
 

Borrowings

    17,228,396       3.40       2.15       17,858,282       3.77       2.30       18,638,964       4.60       2.54  
 

Call money

    2,148,414       4.78       0.27       2,007,760       4.61       0.26       1,796,999       5.16       0.24  
 

Debentures

    15,955,688       3.15       1.99       15,507,931       3.11       2.00       14,573,073       3.29       1.98  
 

Others

    1,899,233       3.21       0.24       1,558,313       3.83       0.20       1,166,042       4.38       0.16  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    81,567,481       3.09       10.18       77,579,127       3.44       10.00       73,973,825       4.11       10.06  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Others

 

Total shareholders’ equity

    61,040,528       —        7.62       61,917,273       —        7.98       59,062,845       —        8.03  
 

Allowances

    1,267,957       —        0.16       966,209       —        0.12       1,530,852       —        0.21  
 

Others

    126,191,304       —        15.74       121,265,897       —        15.63       113,145,013       —        15.39  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    188,499,789       —        23.52       184,149,379       —        23.73       173,738,710       —        23.63  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

    801,390,332       —        100.00       776,010,573       —        100.00       735,262,687       —        100.00  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Notes: (1) Based on K-IFRS (on a consolidated basis).


Table of Contents

2.2.2. Uses of Funds

 

                    (Unit: in millions of Won)  
        For the three months ended
March 31, 2026
    For the year ended
December 31, 2025
    For the year ended
December 31, 2024
 
                    Average
Balance
    Interest Rate
(%)
    Ratio
(%)
    Average
Balance
    Interest Rate
(%)
    Ratio
(%)
    Average
Balance
    Interest Rate
(%)
    Ratio
(%)
 

Won Currency

  Due from banks     16,558,878       0.59       2.07       16,153,833       0.63       2.08       15,397,433       0.83       2.09  
  Securities     197,234,500       1.41       24.61       191,925,827       2.54       24.73       180,330,525       3.22       24.53  
  Loans     418,281,744       4.06       52.19       410,776,360       4.19       52.93       390,097,807       4.67       53.06  
 

Guarantee payments under payment guarantee

    9,283       0.81       —        8,879       1.44       —        5,835       0.99       —   
 

Call loan

    706,317       2.51       0.09       193,442       2.70       0.02       264,716       3.56       0.04  
 

Private placement corporate bonds

    1,925,343       4.82       0.24       1,595,705       4.56       0.21       1,127,090       5.79       0.15  
  Credit cards     23,207,512       7.67       2.90       23,257,459       7.79       3.00       23,320,536       8.12       3.17  
  Others     4,632,932       15.94       0.57       4,663,752       15.62       0.61       3,829,387       17.76       0.53  
  Allowance     (4,177,592     —        (0.52     (4,232,385     —        (0.55     (4,193,334     —        (0.57
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

      658,378,917       3.42       82.15       644,342,872       3.85       83.03       610,179,995       4.39       83.00  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Foreign Currency

 

Due from banks

    11,904,389       2.31       1.49       10,736,415       2.44       1.38       9,494,397       2.92       1.29  
  Securities     28,296,349       4.52       3.53       25,475,873       5.55       3.28       23,085,246       5.60       3.14  
 

Loans

    37,720,245       6.75       4.71       37,399,936       6.97       4.82       37,007,504       7.60       5.03  
 

Call loan

    5,837,537       3.95       0.73       6,541,166       4.31       0.84       6,018,342       5.33       0.82  
 

Bills bought

    3,385,657       4.10       0.42       1,837,372       4.73       0.24       1,979,563       5.52       0.27  
 

Allowance

    (1,586,290     —        (0.20     (1,675,021     —        (0.22     (1,515,396     —        (0.21
 

Others

    2,970,231       —        0.37       2,571,127       —        0.34       2,346,259       —        0.32  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    88,528,118       5.12       11.05       82,886,868       5.71       10.68       78,415,915       6.23       10.66  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Others

 

Cash

    1,661,371       —        0.21       1,466,760       —        0.19       1,576,791       —        0.21  
 

Fixed assets held for business

    8,688,807       —        1.08       9,107,641       —        1.17       9,391,370       —        1.28  
 

Others

    44,133,119       —        5.51       38,206,432       —        4.93       35,698,616       —        4.85  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    54,483,297       —        6.80       48,780,833       —        6.29       46,666,777       —        6.34  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

    801,390,332       —        100.00       776,010,573       —        100.00       735,262,687       —        100.00  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Notes: (1) Based on K-IFRS (on a consolidated basis).


Table of Contents

2.3. Other Information to Consider in Making an Investment Decision

2.3.1. Capital Adequacy

 

KB Financial Group      (Unit: in billions of Won, except percentages)  
     As of March 31, 2026      As of December 31, 2025      As of December 31, 2024  

Total capital (A)

     57,651        57,845        56,849  

Risk-weighted assets (B)

     365,983        356,996        345,981  

BIS ratio (A/B)

     15.75%        16.20%        16.43%  

 

Notes:

(1) Calculated in accordance with Basel III.

(2) The figures as of March 31, 2026 are preliminary.

 

Kookmin Bank      (Unit: in billions of Won, except percentages)  
     As of March 31, 2026      As of December 31, 2025      As of December 31, 2024  

Total capital (A)

     42,270        41,605        40,574  

Risk-weighted assets (B)

     247,012        240,740        234,436  

BIS ratio (A/B)

     17.10        17.28        17.31  

 

Notes:

(1) Calculated in accordance with Basel III.

(2) The figures as of March 31, 2026 are preliminary.

 

KB Securities Co., Ltd.           (Unit: in billions of Won, except percentages)  
    

As of March 31, 2026

    

As of December 31, 2025

    

As of December 31, 2024

 

Net operating capital (A)

     6,153        5,140        5,397  

Total amount at risk (B)

     3,192        3,184        3,176  

Maintenance equity margin (C)

     136        136        134  

Net capital ratio (A-B)/(C)

     2,184.06%        1,442.13%        1,654.45%  

Capital surplus (A-B)

     2,962        1,956        2,221  
KB Insurance Co., Ltd.      (Unit: in billions of Won, except percentages)  
     As of March 31, 2026(1)      As of December 31, 2025      As of December 31, 2024  

Available capital (A)

     12,464        12,191      11,319  

Required capital (B)

     6,630      6,365        6,072  

Capital adequacy ratio (A/B)(2)

     188.01      191.54      186.42

 

Notes:

(1) The figures as of March 31, 2026 are preliminary.

2.3.2. Overseas Credit Ratings

[Not required to be disclosed in quarterly reports]

2.3.3. Domestic Credit Ratings

[Not required to be disclosed in quarterly reports]


Table of Contents

2.3.4. Early Retirement Program

To enhance productivity by improving its labor structure, Kookmin Bank implemented a voluntary early retirement program following negotiations with its labor union.

 

Subsidiary

  

Date of Retirement

  

Number of Retired Persons

Kookmin Bank    January 28, 2019    615
   January 20, 2020    462
   January 30, 2021    800
   January 21, 2022    674
   January 18, 2023    713
   January 19, 2024    674
   January 18, 2025    647
   January 20, 2026    550

2.3.5. Other Factors Affecting the Group’s Financial Condition and Results of Operations

The economic outlook for Korea and its financial services sector in the remainder of 2026 and for the foreseeable future remains highly uncertain as a result of, among others, (i) volatile conditions in the Korean and global economies and financial markets resulting from interest and exchange rate fluctuations, a slowdown in the rate of economic growth, high levels of inflation as a result of increases in the price of energy, subdued domestic consumption, stock market and real estate market volatility, rising loan delinquency rates in Korea and changes in fiscal and monetary policies, among others, and (ii) adverse conditions in the Korean and global economies and financial markets resulting from geopolitical uncertainties, including as a result of the imposition of significant tariffs by the United States on its trading partners and other escalations in trade protectionism globally, changes in the global policies of the United States, the ongoing military conflicts in the Middle East (between Iran and other countries, including the United States and Israel), among others.


Table of Contents
3.

Financial Information

 

3.1.

Consolidated Financial Information

3.1.1. Consolidated Statements of Financial Position

 

(Unit: in millions of Won)  
     As of March 31, 2026      As of December 31, 2025  

Cash and due from financial institutions

     32,538,472        34,776,877  

Financial assets at fair value through profit or loss

     94,367,465        89,862,530  

Derivative financial assets

     12,311,508        8,178,056  

Loans measured at amortized cost

     494,353,167        491,978,044  

Financial investments

     135,183,684        134,986,677  

Investments in associates and joint ventures

     1,023,123        1,137,184  

Insurance assets

     364,859        271,152  

Reinsurance assets

     1,443,857        1,515,854  

Property and equipment

     5,111,285        5,133,801  

Investment property

     3,238,878        3,224,180  

Intangible assets

     1,589,476        1,609,427  

Net defined benefit assets

     371,151        353,366  

Current income tax assets

     419,693        388,589  

Deferred income tax assets

     196,211        193,034  

Assets held for sale

     168,940        174,919  

Assets of disposal groups held for sale

     111,541        94,215  

Other assets

     46,947,517        24,045,128  
  

 

 

    

 

 

 

Total assets

     829,740,827        797,923,033  
  

 

 

    

 

 

 

Financial liabilities at fair value through profit or loss

     11,490,922        11,320,590  

Derivative financial liabilities

     12,108,194        8,234,289  

Deposits

     469,093,134        462,397,026  

Borrowings

     71,315,372        70,728,396  

Debentures

     79,519,555        80,049,270  

Insurance contract liabilities

     54,428,535        56,790,030  

Reinsurance contract liabilities

     52,133        59,648  

Provisions

     1,353,787        1,264,390  

Net defined benefit liabilities

     85,381        100,088  

Current income tax liabilities

     792,071        610,484  

Deferred income tax liabilities

     1,987,239        1,819,080  

Liabilities of disposal groups held for sale

     73,340        68,290  

Other liabilities

     66,301,028        43,651,463  
  

 

 

    

 

 

 

Total liabilities

     768,600,691        737,093,044  
  

 

 

    

 

 

 

Equity attributable to shareholders of the parent company

     59,348,945        59,048,211  


Table of Contents
     As of March 31, 2026     As of December 31, 2025  

Share capital

     2,090,558       2,090,558  

Hybrid securities

     3,940,317       4,359,388  

Capital surplus

     9,102,701       16,633,518  

Accumulated other comprehensive income (losses)

     (496,564     (467,456

Retained earnings

     46,394,648       38,333,741  

Treasury shares

     (1,682,715     (1,901,538

Non-controlling interests

     1,791,191       1,781,778  
  

 

 

   

 

 

 

Total equity

     61,140,136       60,829,989  
  

 

 

   

 

 

 

Total liabilities and equity

     829,740,827       797,923,033  
  

 

 

   

 

 

 

Number of companies included as consolidated entities

     378       376  
  

 

 

   

 

 

 


Table of Contents

3.1.2. Consolidated Statements of Comprehensive Income

 

(Unit: in millions of Won, except per share amounts)  
     First Quarter of 2026     First Quarter of 2025  
     First Quarter     Cumulative     First Quarter     Cumulative  

Net interest income

     3,334,822       3,334,822       3,262,165       3,262,165  

Interest income

     7,159,729       7,159,729       7,454,941       7,454,941  

Interest income from financial instruments at fair value through other comprehensive income and amortized cost

     6,783,441       6,783,441       7,082,796       7,082,796  

Interest income from financial instruments at fair value through profit or loss

     364,819       364,819       362,055       362,055  

Insurance finance interest income

     11,469       11,469       10,090       10,090  

Interest expense

     (3,824,907     (3,824,907     (4,192,776     (4,192,776

Interest expense

     (3,421,844     (3,421,844     (3,810,634     (3,810,634

Insurance finance interest expense

     (403,063     (403,063     (382,142     (382,142

Net fee and commission income

     1,359,329       1,359,329       934,048       934,048  

Fee and commission income

     1,810,375       1,810,375       1,330,233       1,330,233  

Fee and commission expense

     (451,046     (451,046     (396,185     (396,185

Net insurance income

     343,641       343,641       437,753       437,753  

Insurance income

     3,132,257       3,132,257       3,107,811       3,107,811  

Insurance income

     3,009,677       3,009,677       2,835,068       2,835,068  

Reinsurance income

     122,580       122,580       272,743       272,743  

Insurance expense

     (2,788,616     (2,788,616     (2,670,058     (2,670,058

Insurance service expense

     (2,582,976     (2,582,976     (2,464,199     (2,464,199

Reinsurance expense

     (205,640     (205,640     (205,859     (205,859

Net gains on financial assets/liabilities at fair value through profit or loss

     366,844       366,844       546,218       546,218  

Other insurance finance income (expenses)

     (354,306     (354,306     (139,570     (139,570

Net other operating expenses

     (64,581     (64,581     (486,424     (486,424

General and administrative expenses

     (1,764,914     (1,764,914     (1,605,565     (1,605,565

Operating income before provision for credit losses

     3,220,835       3,220,835       2,948,625       2,948,625  

Provision for credit losses

     (493,269     (493,269     (655,597     (655,597

Net operating income

     2,727,566       2,727,566       2,293,028       2,293,028  

Net non-operating income (expenses)

     (96,426     (96,426     13,578       13,578  

Share of profit of associates and joint ventures

     20,224       20,224       5,448       5,448  

Net other non-operating income (expenses)

     (116,650     (116,650     8,130       8,130  

Profit before income tax expense

     2,631,140       2,631,140       2,306,606       2,306,606  

Income tax expense

     (714,671     (714,671     (607,484     (607,484

Profit for the period

     1,916,469       1,916,469       1,699,122       1,699,122  

Other comprehensive loss for the period, net of tax

     (19,067     (19,067     (907,740     (907,740


Table of Contents
     First Quarter of 2026     First Quarter of 2025  
     First Quarter     Cumulative     First Quarter     Cumulative  

Items that will not be reclassified to profit or loss:

        

Remeasurements of net defined benefit liabilities

     (9,533     (9,533     (7,427     (7,427

Share of other comprehensive income of associates and joint ventures

     27       27       0       0  

Gains on equity securities at fair value through other comprehensive income

     33,397       33,397       44,423       44,423  

Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk

     (1,279     (1,279     (5,845     (5,845

Items that may be reclassified subsequently to profit or loss:

        

Currency translation differences

     278,179       278,179       (14,466     (14,466

Gains (losses) on debt securities at fair value through other comprehensive income

     (2,333,841     (2,333,841     911,031       911,031  

Share of other comprehensive income of associates and joint ventures

     1,264       1,264       124       124  

Gains (losses) on cash flow hedging instruments

     (244,355     (244,355     31,501       31,501  

Gains (losses) on hedging instruments of net investments in foreign operations

     (82,434     (82,434     3,524       3,524  

Insurance finance income (expenses)

     2,339,508       2,339,508       (1,870,605     (1,870,605

Total comprehensive income for the period

     1,897,402       1,897,402       791,382       791,382  

Profit attributable to:

        

Shareholders of the parent company

     1,892,401       1,892,401       1,697,271       1,697,271  

Non-controlling interests

     24,068       24,068       1,851       1,851  

Total comprehensive income for the period attributable to:

        

Shareholders of the parent company

     1,864,440       1,864,440       797,586       797,586  

Non-controlling interests

     32,962       32,962       (6,204     (6,204

Earnings per share

        

Basic earnings per share (Won)

     5,165       5,165       4,429       4,429  

Diluted earnings per share (Won)

     5,120       5,120       4,384       4,384  


Table of Contents
3.2.

Separate Financial Information

3.2.1. Separate Statements of Financial Position

 

(Unit: in millions of Won)  
     As of March 31, 2026     As of December 31, 2025  

Cash and due from financial institutions

     1,454,746       974,585  

Financial assets at fair value through profit or loss

     1,191,853       1,251,607  

Loans measured at amortized cost

     349,112       349,112  

Investments in subsidiaries

     27,567,817       26,867,817  

Property and equipment

     4,172       2,896  

Intangible assets

     12,938       13,207  

Net defined benefit assets

     2,532       3,058  

Deferred income tax assets

     10,005       9,354  

Other assets

     1,513,538       1,381,504  
  

 

 

   

 

 

 

Total assets

     32,106,713       30,853,140  
  

 

 

   

 

 

 

Borrowings

     500,000       —   

Debentures

     4,890,224       4,520,297  

Current income tax liabilities

     761,295       544,056  

Other liabilities

     1,367,473       853,551  
  

 

 

   

 

 

 

Total liabilities

     7,518,992       5,917,904  
  

 

 

   

 

 

 

Share capital

     2,090,558       2,090,558  

Hybrid securities

     3,940,200       4,359,256  

Capital surplus

     7,221,661       14,751,591  

Accumulated other comprehensive loss

     (8,663     (8,601

Retained earnings

     13,026,680       5,643,970  

Treasury Shares

     (1,682,715     (1,901,538
  

 

 

   

 

 

 

Total equity

     24,587,721       24,935,236  
  

 

 

   

 

 

 

Total liabilities and equity

     32,106,713       30,853,140  
  

 

 

   

 

 

 


Table of Contents

3.2.2. Separate Statements of Comprehensive Income

 

(Unit: in millions of Won, except per share amounts)

 
     First Quarter of 2026     First Quarter of 2025  
     First Quarter     Cumulative     First Quarter     Cumulative  

Net interest expense

     (26,274     (26,274     (23,164     (23,164

Interest income

     7,132       7,132       5,527       5,527  

Interest income from financial instruments at amortized cost

     6,136       6,136       4,685       4,685  

Interest income from financial instruments at fair value through profit or loss

     996       996       842       842  

Interest expense

     (33,406     (33,406     (28,691     (28,691

Net fee and commission expense

     (1,150     (1,150     (1,790     (1,790

Fee and commission income

     471       471       472       472  

Fee and commission expense

     (1,621     (1,621     (2,262     (2,262

Net gains on financial assets at fair value through profit or loss

     7,474       7,474       25,451       25,451  

Net other operating income

     1,265,231       1,265,231       2,355,586       2,355,586  

General and administrative expenses

     (29,231     (29,231     (22,168     (22,168

Operating profit before Reversal for credit losses

     1,216,050       1,216,050       2,333,915       2,333,915  

Reversal for credit losses

     1       1       1       1  

Operating profit

     1,216,051       1,216,051       2,333,916       2,333,916  

Net non-operating income

     490       490       67       67  

Profit before income tax

     1,216,541       1,216,541       2,333,983       2,333,983  

Income tax income (expense)

     627       627       (7,390     (7,390

Profit for the year

     1,217,168       1,217,168       2,326,593       2,326,593  

Other comprehensive loss for the year, net of tax

     (62     (62     (11     (11

Items that will not be reclassified to profit or loss:

        

Remeasurements of net defined benefit liabilities

     (62     (62     (11     (11
  

 

 

   

 

 

   

 

 

   

 

 

 

Total comprehensive income for the year

     1,217,106       1,217,106       2,326,582       2,326,582  
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per share

        

Basic earnings per share (Won)

     3,277       3,277       6,121       6,121  

Diluted earnings per share (Won)

     3,249       3,249       6,058       6,058  


Table of Contents
3.3.

Other Selected Financial Data

3.3.1. Won-denominated Liquidity Ratio

 

     (Unit: in millions of Won, except percentages)  
     As of March 31, 2026     As of December 31, 2025     As of December 31, 2024  

Current assets in Won (A)

     2,337,842       1,535,482       592,591  

Current liabilities in Won (B)

     1,676,641       500,481       383,862  

Liquidity ratio (A/B)

     139.44     306.80     154.38

 

Notes: (1)

Based on K-IFRS (on a separate basis).

 

      (2)

Calculated based on Won-denominated assets and liabilities due within one month.

3.3.2. Profitability Ratios

 

                 (Unit: %)
     For the three months
ended March 31, 2026
    

For the year ended
December 31, 2025

  

For the year ended
December 31, 2024

Net income as a percentage of average total assets (ROA)

     0.96      0.75    0.68

Net income as a percentage of average shareholders’ equity (ROE)

     12.96      9.93    8.87

3.3.3. 20 Largest Exposures of Kookmin Bank by Borrower (As of March 31, 2026)

 

     (Unit: in billions of Won)  

Company

   Credit Extended  

Samsung Electronics Co., Ltd.

     2,119  

HD Hyundai Heavy Industries Co., Ltd.

     1,907  

NH-Amundi Asset Management

     1,581  

SK on Co., Ltd.

     1,503  

Samsung Heavy Industries Co., Ltd.

     1,433  

KB Kookmin Card Co., Ltd

     1,416  

Samsung SDI Co., Ltd.

     1,273  

Samsung Asset Management Co., Ltd.

     1,200  

Hanwha Solutions Corporation

     1,169  

E-MART Inc.

     1,050  

POSCO INTERNATIONAL

     1,020  

LS MnM Inc.

     950  

HARIM Industrial CO., LTD.

     942  

Construction Guarantee

     939  

SK Innovation Co., Ltd.

     937  

Strada Holdco L.P.

     923  

Hanwha Aerospace Co., Ltd.

     913  

Shinhan Card Co., Ltd.

     814  

LG Energy Solution, Ltd.

     805  

Samsung Card Co., Ltd.

     805  
  

 

 

 

Total

     23,697  
  

 

 

 


Table of Contents

3.3.4. 10 Largest Exposures of Kookmin Bank by Chaebol Group (As of March 31, 2026)

 

     (Unit: in billions of Won)  

Group

   Credit Extended  

SK

     6,608  

Hyundai Motor

     3,682  

Samsung

     8,157  

Lotte

     3,648  

LG

     2,010  

Hanwha

     5,468  

POSCO

     1,766  

GS

     1,214  

Hanjin

     651  

Shinsegae

     1,539  
  

 

 

 

Total

     34,743  
  

 

 

 

3.3.5. Kookmin Bank’s Loan Concentration by Industry (As of March 31, 2026)

 

(Unit: in billions of Won, except percentages)  

Industry

   Total
Credit
     Percentage of
Total Credit
 

Manufacturing

     67,142        28.21  

Construction

     4,302        1.81  

Real estate activities

     60,820        25.56  

Wholesale and retail trade

     33,344        14.01  

Accommodation and food service activities

     11,947        5.02  

Financial activities

     11,006        4.62  

Others

     49,434        20.77  
  

 

 

    

 

 

 

Total

     237,994        100.00  
  

 

 

    

 

 

 

3.3.6. Top 20 Non-Performing Loans of Kookmin Bank (As of March 31, 2026)

 

          (Unit: in billions of Won)  

Borrower

  

Industry

   Total Credit      Allowance for
Loan Losses
 

Borrower A

   Real estate activities      150        67  

Borrower B

   Real estate activities      40        22  

Borrower C

   Construction      37        36  

Borrower D

   Real estate activities      35        10  

Borrower E

   Wholesale and retail trade      17        14  

Borrower F

   Real estate activities      15        8  

Borrower G

   Arts, sports and recreation related services      13        2  

Borrower H

   Manufacturing      10        6  

Borrower I

   Construction      10        10  

Borrower J

   Information and communications      9        9  

Borrower K

   Real estate activities      9        0  

Borrower L

   Wholesale and retail trade      8        4  

Borrower M

   Real estate activities      8        1  

Borrower N

   Manufacturing      8        2  

Borrower O

   Construction      7        3  

Borrower P

   Wholesale and retail trade      7        4  

Borrower Q

   Wholesale and retail trade      7        4  

Borrower R

   Wholesale and retail trade      7        2  

Borrower S

   Real estate activities      6        1  

Borrower T

   Construction      6        6  
     

 

 

    

 

 

 

        407        210  
     

 

 

    

 

 

 


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3.4.

Other Financial Information

See Exhibits 99.1 and 99.2 attached hereto for our consolidated and separate financial statements and relevant notes, which have been prepared in accordance with K-IFRS and reviewed by our independent auditors as stated in their review reports included therein. The review reports will also be available on our website at www.kbfg.com.


Table of Contents
4.

Independent Public Accountants

 

4.1.

Audit / Review Services

 

                      (Unit: in millions of Won)

Period

  

Auditor

  

Activity

   Agreed Per Contract      Actual
   Compensation      Estimated
Hours
     Compensation    Accrued
Hours

January 1 to March 31, 2026

   Samil PricewaterhouseCoopers    Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting)      1,303        10,935      1,303    1,536

January 1 to December 31, 2025

   Samil PricewaterhouseCoopers    Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting)      1,333        11,600      1,333    10,634

January 1 to December 31, 2024

   Samil PricewaterhouseCoopers    Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting)      1,296        10,970      1,296    10,136

 

4.2.

Public Company Accounting Oversight Board (“PCAOB”) Audit Services

 

(Unit: in millions of Won)  

Period

  

Auditor

  

Activity

  

Service Period

   Compensation  

January 1 to March 31, 2026

  

Samil Pricewaterhouse

Coopers

   PCAOB audit of consolidated financial statements and internal control over financial reporting    May 1, 2026 to
April 30, 2027
     809  

January 1 to December 31, 2025

  

Samil Pricewaterhouse

Coopers

   PCAOB audit of consolidated financial statements and internal control over financial reporting    May 1, 2025 to
April 30, 2026
     827  

January 1 to December 31, 2024

  

Samil Pricewaterhouse

Coopers

   PCAOB audit of consolidated financial statements and internal control over financial reporting    May 1, 2024 to
April 30, 2025
     804  

 

4.3.

Change in Auditor

Pursuant to the Act on External Audit of Stock Companies and the related regulations thereunder, the Securities and Futures Commission under the Financial Services Commission had designated KPMG Samjong Accounting Corp. as the external auditor for the Company for the fiscal years ended December 31, 2020, 2021 and 2022. Following the end of KPMG Samjong Accounting Corp.’s designated period as the Company’s external auditor, the Company selected Samil PricewaterhouseCoopers to be its new external auditor for the fiscal years ending December 31, 2023, 2024 and 2025, in accordance with the criteria and processes set forth by relevant laws and regulations.


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5.

Corporate Governance and Affiliated Companies

 

5.1.

Board of Directors & Committees under the Board

[Not required to be disclosed in quarterly reports]

 

5.2.

Audit Committee

[Not required to be disclosed in quarterly reports]

 

5.3.

Compensation to Directors

[Not required to be disclosed in quarterly reports]

 

5.4.

Top 5 Highest-Paid Individuals

[Not required to be disclosed in quarterly reports]

 

5.5.

Stock-based Compensation

[Not required to be disclosed in quarterly reports]

 

5.6.

Affiliated Companies

[Not required to be disclosed in quarterly reports]

 

6.

Directors, Senior Management and Employees

 

6.1.

Executive Directors

As of March 31, 2026, we had one executive director. The name, position and the end of the term of our executive director and the number of shares of our common stock he owned as of March 31, 2026 are set forth below.

 

Name

  

Date of Birth

  

Position

  

Common Shares Owned

  

End of Term

Jong Hee Yang

   June 1961    Chairman & Chief Executive Officer    5,914    November 20, 2026

 

6.2.

Non-standing Directors

As of March 31, 2026, we had one non-standing director. The name, position and the end of the term of our non-standing director and the number of shares of our common stock he owned as of March 31, 2026 are set forth below.

 

Name

  

Date of Birth

  

Position

  

Common Shares Owned

  

End of Term(1)

Hwan Ju Lee

   October 1964    Non-standing Director    4,131    March 25, 2027

 

Note: (1)

The date designated as Mr. Hwan Ju Lee’s end of term is the date of the annual general meeting of shareholders for fiscal year 2026, which is expected be held in March 2027.

 

6.3.

Non-executive Directors

As of March 31, 2026, we had seven non-executive directors. The name, position and the end of the term of our non-executive directors and the number of shares of our common stock they respectively owned as of March 31, 2026 were as follows.

 

Name

  

Date of Birth

  

Position

  

Common Shares Owned

    

End of Term

Whajoon Cho

   February 1957    Non-executive Director      —       March 25, 2027

Jaehong Choi

   August 1962    Non-executive Director      —       March 25, 2027

Eun Young Chah

   October 1962    Non-executive Director      —       March 25, 2027

Myong-Hwal Lee

   May 1964    Non-executive Director      —       March 25, 2027

Sung-Yong Kim

   March 1966    Non-executive Director      —       March 25, 2027

Sun Yeop Kim

   November 1969    Non-executive Director      —       March 25, 2027

Jeong Ho Seo

   August 1969    Non-executive Director      —       March 25, 2028


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6.4.

Senior Management

Members of our senior management as of March 31, 2026 are as follows.

 

Name

  

Date of Birth

  

Position

  Common Shares Owned(1)     

End of Term

Chang Kwon Lee

   November 1965    Senior Executive Vice President and Chief Strategy Officer     3,010      December 31, 2026

Jae Keun Lee

   May 1966    Senior Executive Vice President and Chief Business Officer of Global, Wealth Management and Corporate Finance     2,119      December 31, 2026

Sung Hyun Kim

   August 1963    Senior Executive Vice President and Chief Business Officer of Corporate Investment Banking and Capital Markets     20,468      December 31, 2026

Young Suh Cho

   February 1971    Executive Vice President and Deputy Chief Strategy Officer     2,000      December 31, 2026

Seok Mun Choi

   August 1968    Executive Vice President and Chief Ethics and Compliance Officer     1,973      December 31, 2027

Keoung Nam Kim

   August 1967    Senior Managing Director and Head of the ESG Division     2,647      December 31, 2026

Sang Rok Na

   August 1972    Senior Managing Director and Chief Financial Officer     1,373      December 31, 2026

Hong Sun Yum

   February 1971    Senior Managing Director and Chief Risk Management Officer     1,144      December 31, 2026

Shin Dong Jeung

   January 1966    Senior Managing Director and Head of KB Research     2,122      December 31, 2026

Young Gi Seo

   August 1965    Senior Managing Director and Vice Head of KB Research     —       December 31, 2026

Young June Park

   November 1969    Senior Managing Director and Head of Audit Department     854      December 31, 2026

Hee Seung Yun

   April 1974    Managing Director and Chief Business Officer of Insurance     980      December 31, 2026

Dong Wook Joo

   July 1975    Managing Director and Chief Human Resources Officer     467      December 31, 2027

Seung Ho Kang

   November 1975    Managing Director and Head of Secretariat     759      December 31, 2027

Sun Hyun Park

   June 1970    Chief Consumer Protection Officer     2,517      December 31, 2027

Jin Young Park

   September 1972    Chief Public Relation Officer     2,700      December 31, 2026

Hyoung Joo Park

   July 1971    Head of AI • DT Initiative Division     788      December 31, 2026

Sang Won Oh

   December 1967    Head of the IT Division     1,278      December 31, 2026

Kyeong Jong Lee

   February 1978    Head of the Financial AI Center 2     200      December 31, 2026

Hyun Jung Lee

   March 1977    Head of the Customer Experience Design Center     456      December 31, 2026

Byoung Ha Choi

   September 1972    Head of the Group Architecture Center     707      December 31, 2026

Myoung Hwa Park

   December 1969    Head of the Planning & Coordination Department     1,215      December 31, 2026

Jae Yong Lee

   June 1968    Head of Information Security Department     985      December 31, 2026

 

Note: (1)

The numbers of common shares owned are as of March 31, 2026 and includes those owned in the holder’s name under the employee stock ownership association’s account, and may differ from the number of shares owned as reported pursuant to Article 173 of the Financial Investment Services and Capital Markets Act.


Table of Contents

As of March 31, 2026, the following management also served as senior management at our subsidiaries.

 

Name

  

Subsidiary

  

Position

 

Appointment Date

Hwan Ju Lee

   Kookmin Bank    Chief Executive Officer   January 2025

Keoung Nam Kim

   Kookmin Bank    Head of the ESG Division   July 2025

Sun Hyun Park

   Kookmin Bank    Senior Executive Vice President, Consumer Protection Group   January 2026

Jin Young Park

   Kookmin Bank    Senior Executive Vice President, Brand & PR Group   January 2026

Hyoung Joo Park

   Kookmin Bank    Head of AI • DT Initiative Division   January 2026

Sang Won Oh

   Kookmin Bank    Senior Executive Vice President, Tech Development Group   January 2024

Kyeong Jong Lee

   Kookmin Bank    Managing Director, Head of the Financial AI Center 2   January 2025

Hyun Jung Lee

   Kookmin Bank    Head of the Customer Experience Design Center   January 2025

Byoung Ha Choi

   Kookmin Bank    Head of the Tech Development Division   January 2025

Myoung Hwa Park

   Kookmin Bank    Head of the Planning & Coordination Department   January 2025

Jae Yong Lee

   Kookmin Bank    Managing Director, Head of Information Security Department   August 2022

Young Suh Cho

   KB Securities    Non-standing Director   February 2026

Sang Rok Na

   KB Insurance    Non-standing Director   February 2025

Hee Seung Yun

   KB Asset Management    Non-standing Director   February 2026

Dong Wook Joo

   KB Life Insurance    Non-standing Director   March 2026


Table of Contents
6.5.

Employees

[Not required to be disclosed in quarterly reports]

 

7.

Major Shareholders and Related Party Transactions

 

7.1.

Major Shareholders

[Not required to be disclosed in quarterly reports]

 

7.2.

Changes in the Largest Shareholder

 

                 (Unit: shares, %)  

Name of Largest Shareholder

   Date of Change in Largest
Shareholder/Date of
Change in Number of
Shares Owned
   Number of
Shares of
Common Stock(1)
     Percentage of
Total Issued
Shares(2)
 

Korean National Pension Service

   March 31, 2023      33,572,593        8.21  

Korean National Pension Service

   June 30, 2023      33,183,590        8.22  

Korean National Pension Service

   September 30, 2023      35,321,767        8.75  

Korean National Pension Service

   October 6, 2023      35,273,578        8.74  

Korean National Pension Service

   December 31, 2023      33,473,917        8.30  

Korean National Pension Service

   February 29, 2024      33,704,092        8.35  

Korean National Pension Service

   March 31, 2024      33,200,471        8.23  

Korean National Pension Service

   June 30, 2024      33,326,122        8.26  

Korean National Pension Service

   September 30, 2024      32,308,082        8.21  

Korean National Pension Service

   December 31, 2024      33,095,691        8.41  

Korean National Pension Service

   March 31, 2025      32,919,773        8.37  

Korean National Pension Service

   June 30, 2025      33,064,648        8.40  

Korean National Pension Service

   August 11, 2025      31,844,527        8.35  

Korean National Pension Service

   September 30, 2025      31,601,545        8.28  

Korean National Pension Service

   November 14, 2025      32,666,149        8.56  

Korean National Pension Service

   December 31, 2025      33,107,971        8.68  

Korean National Pension Service

   January 29, 2026      33,341,919        8.94  

Korean National Pension Service

   February 27, 2026      33,379,901        8.95  

Korean National Pension Service

   March 31, 2026      33,505,649        8.99  

 

Notes:

(1)

Based on our shareholder registry as of the end of each applicable year unless specified otherwise.

  (2)

Total number of shares of common stock issued as of the following dates:

      From April 4, 2023 to August 14, 2024: 403,511,072 shares

      From August 14, 2024 to May 15, 2025: 393,528,423 shares

      From May 15, 2025 to January 15, 2026: 381,462,103 shares

(Note: The number of shares owned by, and the ownership percentage of the National Pension Service as of June 30, 2025, are based on our shareholder registry as of May 12, 2025 (Total number of issued shares: 393,528,423)

      After January 15, 2026: 372,850,455 shares

7.3. Employee Stock Ownership Association

[Not required to be disclosed in quarterly reports]


Table of Contents
7.4.

Investments in Affiliated Companies

[Not required to be disclosed in quarterly reports]

 

7.5.

Related Party Transactions

7.5.1. Purchase of capital securities issued by KB Securities Co., Ltd.

 

                  (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Securities Co., Ltd.

   Subsidiary    No. 1 Private Placement of Capital Securities in Won    200    March 31, 2022    4.300%    

March 31,

2052 (may be extended)

   Working capital
                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Securities Co., Ltd.

   Subsidiary    No. 3 Private Placement of Capital Securities in Won    230    September 30, 2022    5.500%    

September 30,

2052 (may be extended)

   Working capital
                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Securities Co., Ltd.

   Subsidiary    No. 4 Private Placement of Capital Securities in Won    100    May 8, 2023    5.350%    

May 8,

2053 (may be extended)

   Working capital

7.5.2. Purchase of capital securities issued by KB Capital Co., Ltd.

 

                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Capital Co., Ltd.

   Subsidiary    No. 299 Private Placement of Capital Securities in Won    50    March 27, 2015    7.840%(1)   

March 27,

2045 (may be extended)

   Working capital

 

Note:

(1) The interest rate has increased from its initial rate due to the non-exercise of the call option.


Table of Contents
                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Capital Co., Ltd..

   Subsidiary    No. 320 Private Placement of Capital Securities in Won    50   

September 24,

2015

   7.412%(1)    September 24, 2045 (may be extended)    Working capital

 

Note:

(1) The interest rate has increased from its initial rate due to the non-exercise of the call option.

 

                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Capital Co., Ltd.

   Subsidiary    No. 352 Private Placement of Capital Securities in Won    50    June 28, 2016    6.466%(1)   

June 28,

2046 (may be extended)

   Working capital

 

Note:

(1) The interest rate has increased from its initial rate due to the non-exercise of the call option.

 

                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Capital Co., Ltd.

   Subsidiary    No. 367 Private Placement of Capital Securities in Won    50   

November 28,

2016

   6.952%(1)    November 28, 2046 (may be extended)    Working capital

 

Note:

(1) The interest rate has increased from its initial rate due to the non-exercise of the call option.

 

                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Capital Co., Ltd.

   Subsidiary    No. 378 Private Placement of Capital Securities in Won    50    April 27, 2017    7.664%(1)   

April 27,

2047 (may be extended)

   Working capital

 

Note:

(1) The interest rate has increased from its initial rate due to the non-exercise of the call option.

 

                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Capital Co., Ltd.

   Subsidiary    No. 460 Private Placement of Capital Securities in Won    100    September 25, 2020    6.822%(1)    September 25, 2050 (may be extended)    Working capital

 

Note:

(1) The interest rate has increased from its initial rate due to the non-exercise of the call option.

 

                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Capital Co., Ltd.

   Subsidiary    No. 486 Private Placement of Capital Securities in Won    100    February 17, 2022    4.495%    

February 17,

2052 (may be extended)

   Working capital


Table of Contents

7.5.3. Purchase of capital securities issued by KB Real Estate Trust Co., Ltd.

 

                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Real Estate Trust Co., Ltd.

   Subsidiary    No. 1 Private Placement of Capital Securities in Won    150    June 27, 2024    7.800%   

June 27,

2054 (may be extended)

   Working capital

7.5.4. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.

 

                              (Unit: in billions of Won)

Issuer

  

Relationship

  

Type

  

Issue
Amount

  

 Issue Date 

  

Interest
Rate

  

Maturity Date

  

Use of
Proceeds

KB Savings Bank Co., Ltd.

   Subsidiary    No. 1 Subordinated Bonds in Won    70    June 25, 2021    1.600%    June 25, 2031    Working capital

7.5.5. Prepayments and Loans to Subsidiaries

 

                                   (Unit: in billions of Won)

Name

  

Relationship

  

Account

  

Loan Amount

  

Current
Balance

  

Credit Offering
Date

  

Interest
Rate

   Maturity Date

KB Investment Co., Ltd.

  

Subsidiary

  

Loans(1)

   40    40   

July 13, 2018

   3.166%    July 10, 2026

Note: (1) Unsecured credit loans

 

                                   (Unit: in billions of Won)

Name

  

Relationship

  

Account

  

Loan Amount

  

Current
Balance

  

Credit Offering
Date

  

Interest
Rate

   Maturity Date

KB Investment Co., Ltd.

  

Subsidiary

  

Loans(1)

   70    70   

March 8, 2019

   3.135%    December 18, 2026

Note: (1) Unsecured credit loans

 

                                   (Unit: in billions of Won)

Name

  

Relationship

  

Account

  

Loan Amount

  

Current
Balance

  

Credit Offering
Date

  

Interest
Rate

   Maturity Date

KB Investment Co., Ltd.

  

Subsidiary

  

Loans(1)

   30    30   

March 9, 2020

   3.135%    December 18, 2026

Note: (1) Unsecured credit loans


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                              (Unit: in billions of Won)

Name

  

Relationship

  

Account

  

Loan Amount

  

Current
Balance

  

Credit Offering

Date

  

Interest
Rate

   Maturity Date

KB Investment Co., Ltd.

  

Subsidiary

  

Loans(1)

   30    30   

July 13, 2020

   3.166%    July 10, 2026

 

Note: (1) Unsecured credit loans

                              (Unit: in billions of Won)

Name

  

Relationship

  

Account

  

Loan Amount

  

Current
Balance

  

Credit Offering

Date

  

Interest
Rate

   Maturity Date

KB Investment Co., Ltd.

  

Subsidiary

  

Loans(1)

   70    70   

December 20, 2021

   3.109%    December 18, 2026

 

Note: (1) Unsecured credit loans

                              (Unit: in billions of Won)

Name

  

Relationship

  

Account

  

Loan Amount

  

Current
Balance

  

Credit Offering

Date

  

Interest
Rate

   Maturity Date

KB Investment Co., Ltd.

  

Subsidiary

  

Loans(1)

   60    60   

July 13, 2022

   3.166%    July 10, 2026

 

Note: (1) Unsecured credit loans

                              (Unit: in billions of Won)

Name

  

Relationship

  

Account

  

Loan Amount

  

Current
Balance

  

Credit Offering

Date

  

Interest
Rate

   Maturity Date

KB Investment Co., Ltd.

  

Subsidiary

  

Loans(1)

   50    50   

July 13, 2023

   3.166%    July 10, 2026

 

Note: (1) Unsecured credit loans

 

8.

Internal Controls

[Not required to be disclosed in quarterly reports]

 

8.1

Management’s Assessment of the Effectiveness of the Internal Accounting Management System

[Not required to be disclosed in quarterly reports]

 

8.2

Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System

[Not required to be disclosed in quarterly reports]

 

8.3

External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System

[Not required to be disclosed in quarterly reports]


Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

     

KB Financial Group Inc.

      (Registrant)

Date: May 15, 2026

     

By: /s/ Sang Rok Na

      (Signature)
      Name:   Sang Rok Na
      Title:   Senior Managing Director and Chief Financial Officer