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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 August 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 ☐

 

 
 


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Index

1. Summary of the 2026 First Half Business Report

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

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


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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


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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 Management System


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Summary of 2026 First Half Business Report

On August 14, 2026, KB Financial Group Inc. (“KB Financial Group,” the “Company” or the “Group”) filed its business report for the first half 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.


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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

 

   

September 26, 2008

Obtained final approval from the Financial Services Commission to establish a financial holding company

 

   

September 29, 2008

Establishment of the Company through a comprehensive stock transfer and listing on the New York Stock Exchange

 

   

October 10, 2008

Listing on the Korea Exchange

 

   

October 20, 2008

The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

 

   

October 31, 2008

The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service

 

   

May 4, 2009

Added Kookmin Bank Cambodia PLC. as a second-tier subsidiary

 

   

June 22, 2009

Added KB Life Insurance Co., Ltd. (“KB Life Insurance”), formerly a second-tier subsidiary, as a first-tier subsidiary

 

   

July 1, 2009

Changed the name of KB Venture Capital Co., Ltd. to KB Investment Co., Ltd. (“KB Investment”)

 

   

January 22, 2010

The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

 

   

March 2, 2011

Added KB Kookmin Card Co., Ltd. (“KB Kookmin Card”) as a first-tier subsidiary following the spin-off of Kookmin Bank’s credit card business unit.

 

   

March 14, 2011

KB Futures Co., Ltd. was merged into KB Investment & Securities Co., Ltd. (“KB Investment & Securities”)

 

   

July 8, 2011

The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service


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January 13, 2012

Added KB Savings Bank Co., Ltd. (“KB Savings Bank”) as a first-tier subsidiary

 

   

October 10, 2012

Added KB Kookmin Bank (China) Ltd. as a second-tier subsidiary

 

   

June 20, 2013

Acquired the remaining shares of KB Life Insurance, which increased the Company’s shareholding to 100%

 

   

September 2, 2013

Added Yehansoul Savings Bank as a first-tier subsidiary

 

   

January 13, 2014

Yehansoul Savings Bank was merged into KB Savings Bank

 

   

March 20, 2014

Added KB Capital Co., Ltd. (“KB Capital”) as a first-tier subsidiary

 

   

June 24, 2015

Added KB Insurance Co., Ltd. (“KB Insurance”) as a non-consolidated first-tier subsidiary

 

   

November 23, 2015

Acquired additional shares of KB Insurance, which increased the Company’s shareholding from 19.47% to 33.29%

 

   

May 31, 2016

Added Hyundai Securities Co., Ltd. (“Hyundai Securities”) as a non-consolidated first-tier subsidiary

 

   

June 21, 2016

Disposed of LIG Investment & Securities, Co., Ltd., a second-tier subsidiary

 

   

June 28, 2016

Acquired treasury shares of Hyundai Securities, which increased the Company’s equity ownership in Hyundai Securities from 22.56% to 29.62%

 

   

December 1, 2016

Added KB Golden Life Care Co., Ltd. as a second-tier subsidiary

 

   

December 30, 2016

Merged KB Investment & Securities with and into Hyundai Securities, with Hyundai Securities as the surviving entity, then changed its name to KB Securities Co., Ltd. (“KB Securities”)

 

   

February 8, 2017

Added KB KOLAO LEASING Co., Ltd. as a second-tier subsidiary

 

   

March 8, 2017

Added KB Microfinance Myanmar Co., Ltd. as a second-tier subsidiary

 

   

July 7, 2017

Converted KB Insurance and KB Capital into wholly-owned subsidiaries of the Company through comprehensive stock swaps

 

   

September 29, 2017

Added KB Asset Management Singapore Pte. Ltd. as a second-tier subsidiary (changed from a second-tier subsidiary of KB Securities to a first-tier subsidiary of KB Asset Management Co., Ltd.)


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October 9, 2017

Added KB SECURITIES VIETNAM JOINT STOCK COMPANY (formerly MARITIME SECURITIES INCORPORATION) as a second-tier subsidiary

 

   

October 16, 2017

Disposed of Hyundai Savings Bank, Co., Ltd., a second-tier subsidiary

 

   

December 22, 2017

Disposed of Hyundai Asset Management, Co., Ltd., a second-tier subsidiary

 

   

July 6, 2018

Added KB Daehan Specialized Bank PLC. as a second-tier subsidiary

 

   

August 21, 2018

Added KBAM Shanghai Advisory Services Co., Ltd. as a second-tier subsidiary

 

   

April 10, 2020

Added PRASAC Microfinance Institution PLC. as a second-tier subsidiary

 

   

May 18, 2020

Added PT Sunindo Kookmin Best Finance as a second-tier subsidiary

 

   

July 3, 2020

Added PT KB Finansia Multi Finance as a second-tier subsidiary

 

   

August 31, 2020

Added Prudential Life Insurance Company of Korea, Ltd. (“Prudential Life Insurance”) as a first-tier subsidiary

 

   

September 2, 2020

Added PT Bank Bukopin Tbk as a second-tier subsidiary (renamed PT Bank KB Bukopin, Tbk. on February 8, 2021)

 

   

December 16, 2020

Added KB FINA JOINT STOCK COMPANY as a second-tier subsidiary

 

   

December 23, 2020

Added KB Bank Myanmar Co., Ltd. as a second-tier subsidiary

 

   

January 29, 2021

Added J Fintech Co., Ltd as a second-tier subsidiary (renamed KB J Capital Co., Ltd. on February 16, 2021)

 

   

March 2, 2021

Added PT KB Data Systems Indonesia as a second-tier subsidiary

 

   

October 8, 2021

Added KB Healthcare Co., Ltd. as a second-tier subsidiary

 

   

February 14, 2022

Added PT KB Valbury Sekuritas as a second-tier subsidiary

 

   

May 10, 2022

Added KB Life Partners Co., Ltd. as a second-tier subsidiary

 

   

December 26, 2022

Added i-Finance Leasing Plc. as a second-tier subsidiary

 

   

December 26, 2022

Renamed Prudential Life Insurance Company of Korea, Ltd. to KB Life Insurance Co., Ltd.


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January 1, 2023

Merged KB Life Insurance with and into KB Life Insurance Co., Ltd. (former Prudential Life Insurance Company of Korea, Ltd.)

 

   

June 30, 2023

Withdrew KB Credit Information Co., Ltd. as a first-tier subsidiary and added it as a second-tier subsidiary as it became a subsidiary of KB Kookmin Card Co., Ltd. (a first-tier subsidiary)

 

   

August 4, 2023

Merged KB Bank Cambodia Plc. with and into PRASAC Microfinance Institution Plc.; renamed the merged entity KB PRASAC BANK PLC. and converted it into a commercial bank

 

   

October 5, 2023

Transferred KB Golden Life Care Co., Ltd. from being a subsidiary of KB Insurance Co., Ltd. to a subsidiary of KB Life Insurance Co., Ltd.

 

   

December 13, 2023

Added Teamwink Inc. as a second-tier subsidiary (renamed to KBFintech Co., Ltd. on October 14, 2024)

 

   

June 3, 2024

Added KB Fund Partners as a second-tier subsidiary following the split-off of Kookmin Bank’s fund services business unit

 

   

June 5, 2024

Renamed PT Valbury Capital Management to PT KB Valbury Asset Management

 

   

December 19, 2024

Merged KB Daehan Specialized Bank Plc. with i-Finance Leasing Plc.

 

   

February 18, 2025

Renamed KB Fina Joint Stock Company to KB Fina Company Limited

 

   

August 11, 2025

Renamed PT Bank KB Bukopin, Tbk. to PT Bank KB Indonesia, Tbk.

 

   

April 24, 2026

Withdrew KBAM Shanghai Advisory Services Co., Ltd. as a second-tier subsidiary

1.3. Overview of the Business Group

 

          (As of June 30, 2026)

Type

  

Name of Company

  

Controlling Company

  

Remarks

Holding Company

   KB Financial Group    —     Listed

1st Tier Subsidiaries

   Kookmin Bank    KB Financial Group    Not listed
   KB Securities Co., Ltd.    KB Financial Group    Not listed
   KB Insurance Co., Ltd.    KB Financial Group    Not listed
   KB Kookmin Card Co., Ltd.    KB Financial Group    Not listed
   KB Life Insurance Co., Ltd.    KB Financial Group    Not listed
   KB Asset Management Co., Ltd.    KB Financial Group    Not listed
   KB Capital Co., Ltd.    KB Financial Group    Not listed
   KB Real Estate Trust Co., Ltd.    KB Financial Group    Not listed
   KB Savings Bank Co., Ltd.    KB Financial Group    Not listed
   KB Investment Co., Ltd.    KB Financial Group    Not listed
   KB Data Systems Co., Ltd.    KB Financial Group    Not listed


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          (As of June 30, 2026)

Type

  

Name of Company

  

Controlling Company

  

Remarks

2nd Tier Subsidiaries

   PT Bank KB Indonesia, Tbk.(1)    Kookmin Bank   

Listed

(Overseas)

   Kookmin Bank (China) Limited    Kookmin Bank   

Not listed

(Overseas)

   KB Microfinance Myanmar Co., Ltd.    Kookmin Bank   

Not listed

(Overseas)

   KB Bank Myanmar Co., Ltd.    Kookmin Bank   

Not listed

(Overseas)

   KB PRASAC BANK PLC    Kookmin Bank   

Not listed

(Overseas)

   KB Fund Partners    Kookmin Bank    Not listed
   KBFG Securities America Inc.    KB Securities   

Not listed

(Overseas)

   KB Securities Hong Kong Ltd.    KB Securities   

Not listed

(Overseas)

   KB Securities Vietnam Joint Stock Company    KB Securities   

Not listed

(Overseas)

   KB-TS Technology Venture Private Equity Fund    KB Securities    Not listed
   KB-Stonebridge Secondary Private Equity Fund    KB Securities    Not listed
   KB-SPROTT Renewable Private Equity Fund I    KB Securities    Not listed
   KB-NAU Special Situation Corporate Restructuring Private Equity Fund    KB Securities    Not listed
   U-KB Credit No.1 Private Equity I    KB Securities    Not listed
   KB-SBI Global Strategic Capital Fund    KB Securities    Not listed
   KB FINA Company Limited    KB Securities   

Not listed

(Overseas)

   PT KB Valbury Sekuritas    KB Securities   

Not listed

(Overseas)

   KB-LB Middle Market Enterprises
Innovation Private Equity Fund
   KB Securities    Not listed
   KB-IMM New Star Real Estate Private Fund I    KB Securities    Not listed
   KB-Novus Genesis Private Equity Fund    KB Securities    Not listed
   KB-IMM New Star Real Estate Private Fund II    KB Securities    Not listed
   KB-NH Corporate Financial Stability Private Equity Fund    KB Securities    Not listed
   KB-Mark-Flow Credit Private Fund    KB Securities    Not listed
   KB-MDM Alternative Private Fund I    KB Securities    Not listed
   IGIS KB Opportunistic Private Equity Fund No.1 Limited Partnership    KB Securities    Not listed
   KB Claims Survey & Adjusting Co., Ltd.    KB Insurance    Not listed
   KB Sonbo Customer & Service    KB Insurance    Not listed
   Leading Insurance Services, Inc    KB Insurance   

Not listed

(Overseas)

   KBFG Insurance (China) Co., Ltd    KB Insurance   

Not listed

(Overseas)

   PT. KB Insurance Indonesia    KB Insurance   

Not listed

(Overseas)

   KB Healthcare Co., Ltd.    KB Insurance    Not listed
   KB Credit Information Co., Ltd.    KB Kookmin Card    Not listed
   KB Daehan Specialized Bank Plc.    KB Kookmin Card   

Not listed

(Overseas)

   PT KB Finansia Multi Finance    KB Kookmin Card   

Not listed

(Overseas)

   KB J Capital Co., Ltd    KB Kookmin Card   

Not listed

(Overseas)

   KB Life Partners Co., Ltd    KB Life Insurance    Not listed


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          (As of June 30, 2026)

Type

  

Name of Company

  

Controlling Company

  

Remarks

   KB Golden Life Care Co., Ltd.    KB Life Insurance    Not listed
   KB Asset Management Singapore Pte. Ltd.    KB Asset Management   

Not listed

(Overseas)

   PT KB Valbury Asset Management    KB Asset Management   

Not listed

(Overseas)

   KB Co-investment 1st Private Equity Fund    KB Asset Management    Not listed
   KB Mezzanine Capital 4th Private Equity Fund    KB Asset Management    Not listed
   KB KOLAO LEASING Co., Ltd    KB Capital   

Not listed

(Overseas)

   PT. Sunindo Kookmin Best Finance    KB Capital   

Not listed

(Overseas)

   KBFintech Inc.    KB Capital    Not listed
   FineKB Private Equity Fund No.1    KB Investment    Not listed
   KB Bio Global Expansion Private Equity Fund No.1    KB Investment    Not listed
   KB-Badgers Future Mobility ESG Fund I    KB Investment    Not listed
   FineKB Private Equity Fund No.2    KB Investment    Not listed
   PT KB Data Systems Indonesia    KB Data Systems   

Not listed

(Overseas)

3rd Tier Subsidiaries

   PT KB Bukopin Finance    PT Bank KB Bukopin, Tbk.   

Not listed

(Overseas)

   PT Bank KB Bukopin Syariah    PT Bank KB Indonesia, Tbk.   

Not listed

(Overseas)

   Mangrove Master Fund    KB Asset Management Singapore Pte. Ltd.   

Not listed

(Overseas)

   Mangrove Feeder Fund    KB Asset Management Singapore Pte. Ltd.   

Not listed

(Overseas)

1.4. Capital Structure

1.4.1. Common Shares

Changes in Capital

 

(As of June 30, 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)
May 15, 2026    Common Stock      18,162,721        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.


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Number of Shares

 

(As of June 30, 2026)    (Unit: shares)  
     Type  
     Common Shares     Preferred
Shares
     Total     Remarks  

Shares Authorized for Issuance

     1,000,000,000       —         1,000,000,000      

As specified in
the Articles of
Incorporation
 
 
 

Total Shares Issued (A)

     418,111,537       —         418,111,537       —   

Decrease in Number of Shares (B)

     63,423,803       —         63,423,803       —   

1. Capital Reduction

     —        —         —        —   

2. Cancellation

     63,423,803       —         63,423,803      
Cancellation of
Treasury Shares
 
 

3. Redemption

     —        —         —        —   

4. Other

     —        —         —        —   

Shares Issued as of June 30, 2026 (C=A-B)

     354,687,734       —         354,687,734       —   

Treasury Shares (D)

     1,300,000       —         1,300,000       —   

Shares Outstanding (C—D)

     353,387,734       —         353,387,734       —   

Treasury Share Holding Ratio

     0.4     —         0.4     —   

 

Notes:

(1) The 63,423,803 cancelled shares above are within the limits of profit available for dividend payment, and as such, there will be no change in paid-in capital although the total number of issued shares will decrease.

1.4.2. Voting Rights

 

(As of June 30, 2026)           (Unit: shares)  

Items

          Number of Shares      Notes  

Total number of issued shares

     Common shares        354,687,734        —   
     Preferred shares        —         —   

Shares without voting rights

     Common shares        1,300,000        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        353,387,734        —   
     Preferred shares        —         —   

 

Notes:

(1) On July 23, 2026, the board of directors of the Company resolved to acquire and cancel certain of the Company’s treasury shares, and the acquisition of treasury shares has been in progress since July 24, 2026. The acquired 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 June 30, 2026 above.

(2) 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, and completed such acquisition on July 16, 2026, acquiring a total of 3,581,623 treasury shares. Such shares are expected to be canceled on December 23, 2026. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on July 16, 2026.

(3) 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. The Company canceled the acquired treasury shares 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 9, 2026.


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(4) 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 were canceled 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.

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). On March 27, 2026, the Company announced that it met the requirements for a “High-Dividend Company” pursuant to Article 104-27 of the Special Tax Treatment Control Act of Korea.

(1) Financial Metrics and Calculation Methods to Determine Dividend Targets

First Phase: An amount corresponding to the capital exceeding 13% of its CET1 ratio as of the end of the year will be utilized as the resource for shareholder returns in the following year.

Second Phase: An amount corresponding to the capital exceeding 13.5% of its CET1 ratio in the second half of the year, accumulated through earnings generated throughout the year, will be utilized as additional resources for shareholder returns.

(2) Direction of Future Dividend Levels

Equal quarterly dividends will be distributed based on the total dividend amount calculated during the first phase of dividends. Additional shareholder returns may be distributed using the shareholder return resources calculated during the second phase. The Company’s shareholder return policy and plans are available via public disclosures and the Company’s official website.

(3) Dividend Restriction Policy

The amount of dividends may be reduced or limited if the capital ratios are expected to fall below regulatory requirements.

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).

 

  1.5.1.

Dividend Confirmation and Record Date Schedule

 

Items

  

Fiscal

Year-End

  

Dividend

Payment

Status

  

Dividend Amount
Confirmation Date

  

Record Date

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

Quarterly Dividend

   June 2026    Yes    August 7, 2026    August 7, 2026


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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.

 

  1.5.2.

Key Dividend Indicators

 

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

Items

          January 1, 2026 to
June 30, 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

        3,884,590        5,833,162        5,078,221  

(Consolidated) Earnings per share (Won)

        10,670        15,410        12,880  

Total cash dividends

        810,246        1,577,774        1,198,257  

Total stock dividends

        —         —         —   

(Consolidated) Cash dividend payout ratio (%)

        20.9        27.0        23.6  

Cash dividend yield (%)

     Common shares        1.3        3.2        3.5  
     —         —         —         —   

Stock dividend yield (%)

     Common shares        —         —         —   
     —         —         —         —   

Cash dividend per share (Won)

     Common shares        2,298        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) in the first quarter of fiscal year 2026, and a quarterly dividend amount of Won 405,158 million (Won 1,155 per common share) in the second quarter of fiscal year 2026.

(2) Includes a quarterly dividend amount of Won 334,339 million (Won 912 per common share) in the first quarter of fiscal year 2025, a quarterly dividend amount of Won 334,652 million (Won 920 per common share) in the second quarter of fiscal year 2025, a quarterly dividend amount of Won 335,016 million (Won 930 per common share) in 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) in the first quarter of fiscal year 2024, a quarterly dividend amount of Won 299,999 million (Won 791 per common share) in the second quarter of fiscal year 2024, a quarterly dividend amount of Won 299,886 million (Won 795 per common share) in 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.


Table of Contents

1.6. Amendments to the Articles of Incorporation

The Company’s Articles of Incorporation were most recently amended on March 26, 2026.

 

Date

  

Shareholder meeting through which the
amendments were approved and ratified

  

Major changes

  

Reason for change

March 24, 2023

   Annual General Meeting of Shareholders for Fiscal Year 2022    Establishment of: (i) the basis for determining the record date for the payment of dividends through a resolution of the Board of Directors, and (ii) an equal dividend payment policy with respect to shares in the same class, through the amendment of articles 10, 11, 15, 16, 17, 18, 19, 20, 49, 59, and 60    Establishment of the basis for determining the record date for the payment of dividends through a resolution of the Board of Directors

March 26, 2025

   Annual General Meeting of Shareholders for Fiscal Year 2024    (i) Additional items designated as matters to be determined through a resolution of the Board of Directors, (ii) the establishment of an internal control committee within the Board of Directors, and (iii) allowing the determination of record dates for quarterly dividends through a resolution of the Board of Directors, through the amendment of articles 14, 20-2, 44, 48, 51, 52, 56, 59 and 60.    Establishment of an internal control committee in accordance with amendments to the Act on Corporate Governance of Financial Companies, and the establishment of a basis for determining the record date for quarterly dividends through a resolution of the Board of Directors in accordance with amendments to the Financial Investment Services and Capital Markets Act.

March 26, 2026

   Annual General Meeting of Shareholders for Fiscal Year 2025    (i) Implementation of electronic general meetings of shareholders and (ii) an expansion of the scope of directors’ duty of loyalty, through the amendment of articles 26, 31 and 42.    Establishment of a legal basis for holding electronic general meetings of shareholders and expanding the scope of directors’ duty of loyalty pursuant to the amendment of the Commercial Code.


Table of Contents

2. Business

2.1. Results of Operations

 

                   ((Unit: in millions of Won)  
     For the six months ended
June 30, 2026
     For the six months ended
June 30, 2025
     For the year ended
December 31, 2025
     For the year ended
December 31, 2024
 

Net interest income

     6,478,260        6,368,691        13,073,093        12,826,714  

Interest income

     14,511,829        14,739,574        29,156,100        30,491,385  

Interest expense

     (8,033,569      (8,370,883      (16,083,007      (17,664,671

Net fee and commission income

     2,961,245        1,965,984        4,098,287        3,849,627  

Fee and commission income

     3,904,194        2,777,199        5,773,521        5,481,843  

Fee and commission expense

     (942,949      (811,215      (1,675,234      (1,632,216

Net insurance income

     755,716        849,889        1,303,373        1,649,761  

Insurance income

     6,399,754        6,144,414        12,376,546        11,456,191  

Insurance expense

     (5,644,038      (5,294,525      (11,073,173      (9,806,430

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

     2,585,745        2,112,363        3,380,205        1,012,081  

Other insurance finance expenses

     (1,996,585      (413,291      (1,026,721      (437,001

Net other operating expenses

     (676,852      (1,791,668      (2,883,075      (1,873,011

General and administrative expenses

     (3,654,401      (3,355,261      (7,064,573      (6,938,624

Operating profit before provision for credit losses

     6,453,128        5,736,707        10,880,589        10,089,547  

Provision for credit losses

     (1,013,014      (1,310,708      (2,362,878      (2,044,286

Net operating profit

     5,440,114        4,425,999        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 six months ended
June 30, 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

     389,098,492        1.90        47.70        375,826,777        2.07        48.43        359,346,604        2.45        48.87  
  

Certificate of deposit

     15,062,496        2.92        1.85        10,813,731        2.99        1.39        11,148,293        3.84        1.52  
  

Borrowings

     38,249,140        2.59        4.69        35,428,675        2.67        4.57        32,774,664        3.47        4.46  
  

Call money

     1,104,918        2.58        0.14        1,885,958        2.65        0.24        1,747,858        3.43        0.24  
  

Debentures

     64,509,876        3.36        7.91        61,625,699        3.50        7.94        58,497,966        3.67        7.96  
  

Others

     32,260,573        3.35        3.95        28,701,227        3.23        3.70        24,034,767        4.09        3.26  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Subtotal

     540,285,495        2.24        66.24        514,282,067        2.37        66.27        487,550,152        2.78        66.31  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Foreign Currency

  

Deposits

     44,568,635        2.79        5.46        40,646,841        3.34        5.24        37,798,747        4.12        5.14  
  

Borrowings

     17,968,004        3.35        2.20        17,858,282        3.77        2.30        18,638,964        4.60        2.54  
  

Call money

     2,170,843        4.78        0.27        2,007,760        4.61        0.26        1,796,999        5.16        0.24  
  

Debentures

     16,709,181        3.17        2.05        15,507,931        3.11        2.00        14,573,073        3.29        1.98  
  

Others

     1,995,257        3.26        0.25        1,558,313        3.83        0.20        1,166,042        4.38        0.16  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Subtotal

     83,411,920        3.05        10.23        77,579,127        3.44        10.00        73,973,825        4.11        10.06  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Others

  

Total shareholders’ equity

     60,182,198        —         7.38        61,917,273        —         7.98        59,062,845        —         8.03  
  

Allowances

     1,305,305        —         0.16        966,209        —         0.12        1,530,852        —         0.21  
  

Others

     130,459,237        —         15.99        121,265,897        —         15.63        113,145,013        —         15.39  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Subtotal

     191,946,740        —         23.53        184,149,379        —         23.73        173,738,710        —         23.63  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

        815,644,155        —         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 six months ended
June 30, 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

     18,117,823       0.62        2.22       16,153,833       0.63        2.08       15,397,433       0.83        2.09  
  

Securities

     199,432,574       1.58        24.45       191,925,827       2.54        24.73       180,330,525       3.22        24.53  
  

Loans

     420,943,152       4.06        51.61       410,776,360       4.19        52.93       390,097,807       4.67        53.06  
  

Guarantee payments under payment guarantee

     8,017       0.75        —        8,879       1.44        —        5,835       0.99        —   
  

Call loan

     746,128       2.52        0.09       193,442       2.70        0.02       264,716       3.56        0.04  
  

Private placement corporate bonds

     2,055,601       4.93        0.25       1,595,705       4.56        0.21       1,127,090       5.79        0.15  
  

Credit cards

     23,291,225       7.56        2.86       23,257,459       7.79        3.00       23,320,536       8.12        3.17  
  

Others

     5,272,743       14.28        0.64       4,663,752       15.62        0.61       3,829,387       17.76        0.53  
  

Allowance

     (4,180,801     —         (0.51     (4,232,385     —         (0.55     (4,193,334     —         (0.57
     

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Subtotal

        665,686,462       3.45        81.61       644,342,872       3.85        83.03       610,179,995       4.39        83.00  
     

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Foreign Currency

  

Due from banks

     12,396,226       2.20        1.52       10,736,415       2.44        1.38       9,494,397       2.92        1.29  
  

Securities

     29,194,342       5.16        3.58       25,475,873       5.55        3.28       23,085,246       5.60        3.14  
  

Loans

     38,816,418       6.58        4.76       37,399,936       6.97        4.82       37,007,504       7.60        5.03  
  

Call loan

     5,478,680       3.94        0.67       6,541,166       4.31        0.84       6,018,342       5.33        0.82  
  

Bills bought

     3,390,990       4.19        0.42       1,837,372       4.73        0.24       1,979,563       5.52        0.27  
  

Allowance

     (1,596,046     —         (0.20     (1,675,021     —         (0.22     (1,515,396     —         (0.21
  

Others

     2,611,031       —         0.32       2,571,127       —         0.34       2,346,259       —         0.32  
     

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Subtotal

        90,291,641       5.27        11.07       82,886,868       5.71        10.68       78,415,915       6.23        10.66  
     

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Others

  

Cash

     1,612,495       —         0.20       1,466,760       —         0.19       1,576,791       —         0.21  
  

Fixed assets held for business

     8,861,188       —         1.09       9,107,641       —         1.17       9,391,370       —         1.28  
  

Others

     49,192,369       —         6.03       38,206,432       —         4.93       35,698,616       —         4.85  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Subtotal

     59,666,052       —         7.32       48,780,833       —         6.29       46,666,777       —         6.34  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Total

     815,644,155       —         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 June 30, 2026     As of December 31, 2025     As of December 31, 2024  

Total capital (A)

     58,816       57,825       56,849  

Risk-weighted assets (B)

     369,750       356,996       345,981  

BIS ratio (A/B)

        15.91        16.20        16.43

 

Notes:

(1) Calculated in accordance with Basel III.

(2) The figures as of June 30, 2026 are preliminary.

 

Kookmin Bank      (Unit: in billions of Won, except percentages)  
     As of June 30, 2026      As of December 31, 2025      As of December 31, 2024  

Total capital (A)

     41,689        41,605        40,574  

Risk-weighted assets (B)

     249,419        240,740        234,436  

BIS ratio (A/B)

        16.71           17.28           17.31  

 

Notes:

(1) Calculated in accordance with Basel III.

(2) The figures as of June 30, 2026 are preliminary.

 

KB Securities Co., Ltd.

         (Unit: in billions of Won, except percentages)  
     As of June 30, 2026     As of December 31, 2025     As of December 31, 2024  

Net operating capital (A)

     6,280       5,140       5,397  

Total amount at risk (B)

     3,277       3,184       3,176  

Maintenance equity margin (C)

     136       136       134  

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

     2,214.16     1,442.13     1,654.45

Capital surplus (A-B)

     3,003       1,956       2,221  

KB Insurance Co., Ltd.

         (Unit: in billions of Won, except percentages)  
     As of June 30, 2026     As of December 31, 2025     As of December 31, 2024  

Available capital (A)

     13,532       12,191       11,319  

Required capital (B)

     7,275       6,365       6,072  

Capital Adequacy ratio (A/B)(2)

     186.00     191.54     186.42

 

Notes:

(1) The figures as of June 30, 2026 are preliminary.

(2) Since 2023, the capital adequacy system has been calculated based on the Korean Insurance Capital Standard (“K-ICS”) system.

 

  2.3.2.

Overseas Credit Ratings

 

               (As of June 30, 2026)

Rating Company

   Moody’s    S&P

  Type  

   Long-term    Short-term    Long-term    Short-term

Credit Rating

   A1    P-1    A    A-1


Table of Contents
  2.3.3.

Domestic Credit Ratings

 

Date of Rating

  

Type

  

Credit Rating

  

Rating Company

(Rating Range)

1/19/2023    Contingent Convertible Bonds    AA-   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

6/23/2023    Commercial Paper    A1   

Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) /

NICE Investors Service (A1 ~ D)

2/28/2024    Contingent Convertible Bonds    AA-   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

10/18/2024    Debentures    AAA    NICE Investors Service (AAA ~ D)
10/18/2024    Commercial Paper    A1    NICE Investors Service (A1 ~ D)
10/21/2024    Debentures    AAA    Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D)
10/21/2024    Commercial Paper    A1    KIS Ratings (A1 ~ D)
11/6/2024    Commercial Paper    A1    Korea Ratings (A1 ~ D)
1/9/2025    Contingent Convertible Bonds    AA-   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

1/22/2025    Debentures    AAA   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

2/21/2025    Debentures    AAA    Korea Ratings (AAA ~ D) / NICE Ratings (AAA ~ D)
2/24/2025    Debentures    AAA    KIS Ratings (AAA ~ D)
3/20/2025    Debentures    AAA   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

4/23/2025    Debentures    AAA   

KIS Ratings (AAA ~ D) /

NICE Investors Ratings (AAA ~ D)

4/24/2025    Debentures    AAA    Korea Ratings (AAA ~ D)
5/20/2025    Debentures    AAA    KIS Ratings (AAA ~ D)
5/22/2025    Debentures    AAA    Korea Ratings (AAA ~ D) / NICE Ratings (AAA ~ D)
6/24/2025    Commercial Paper    A1    NICE Investors Ratings (A1 ~ D)
6/26/2025    Commercial Paper    A1    KIS Ratings (A1 ~ D)
6/27/2025    Commercial Paper    A1    Korea Ratings (A1 ~ D)
12/12/2025    Commercial Paper    A1    NICE Investors Ratings (A1 ~ D)
12/12/2025    Commercial Paper    A1    KIS Ratings (A1 ~ D)
12/18/2025    Commercial Paper    A1    Korea Ratings (A1 ~ D)
1/14/2026    Debentures    AAA   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

3/24/2026    Debentures    AAA    KIS Ratings (AAA ~ D) /
NICE Investors Ratings (AAA ~ D)
3/25/2026    Debentures    AAA    Korea Ratings (AAA ~ D)
4/20/2026    Debentures    AAA   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

4/20/2026    Contingent Convertible Bonds    AA-    NICE Investors Service (AAA ~ D)
4/23/2026    Contingent Convertible Bonds    AA-    Korea Ratings (AAA ~ D)
4/24/2026    Contingent Convertible Bonds    AA-    KIS Ratings (AAA ~ D)
5/21/2026    Debentures    AAA   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

6/18/2026    Debentures    AAA   

Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

6/29/2026    Commercial Paper    A1   

Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) /

NICE Investors Service (A1 ~ D)


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 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, lower consumer confidence, subdued domestic consumption, stock market and real estate market volatility, high energy prices, uncertainties surrounding the prospects of the AI industry, high 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) and between Russia and Ukraine, 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 June 30, 2026     As of December 31, 2025  

Cash and due from financial institutions

     44,618,344       34,776,877  

Financial assets at fair value through profit or loss

     100,468,179       89,862,530  

Derivative financial assets

     12,967,488       8,178,056  

Loans measured at amortized cost

     505,398,999       491,978,044  

Financial investments

     137,198,864       134,986,677  

Investments in associates and joint ventures

     1,040,992       1,137,184  

Insurance assets

     378,988       271,152  

Reinsurance assets

     1,369,626       1,515,854  

Property and equipment

     5,078,131       5,133,801  

Investment property

     3,421,805       3,224,180  

Intangible assets

     1,595,329       1,609,427  

Net defined benefit assets

     490,428       353,366  

Current income tax assets

     447,277       388,589  

Deferred income tax assets

     183,862       193,034  

Assets held for sale

     166,753       174,919  

Assets of a disposal group held for sale

     115,039       94,215  

Other assets

     51,949,101       24,045,128  

Total assets

     866,889,205       797,923,033  

Financial liabilities at fair value through profit or loss

     11,526,649       11,320,590  

Derivative financial liabilities

     13,391,153       8,234,289  

Deposits

     486,343,528       462,397,026  

Borrowings

     77,907,732       70,728,396  

Debentures

     80,462,793       80,049,270  

Insurance contract liabilities

     53,359,408       56,790,030  

Reinsurance contract liabilities

     37,229       59,648  

Provisions

     1,375,214       1,264,390  

Net defined benefit liabilities

     89,930       100,088  

Current income tax liabilities

     416,935       610,484  

Deferred income tax liabilities

     2,242,689       1,819,080  

Liabilities of a disposal group held for sale

     74,675       68,290  

Other liabilities

     76,959,448       43,651,463  
  

 

 

   

 

 

 

Total liabilities

     804,187,383       737,093,044  
  

 

 

   

 

 

 

Equity attributable to shareholders of the parent company

     60,890,838       59,048,211  

Share capital

     2,090,558       2,090,558  

Hybrid securities

     4,206,721       4,359,388  

Capital surplus

     9,127,521       16,633,518  

Accumulated other comprehensive income (loss)

     (487,227     (467,456

Retained earnings

     46,129,279       38,333,741  

Treasury shares

     (176,014     (1,901,538

Non-controlling interests

     1,810,984       1,781,778  

Total equity

     62,701,822       60,829,989  

Total liabilities and equity

     866,889,205       797,923,033  
  

 

 

   

 

 

 

Number of companies included as consolidated entities

     390       376  
  

 

 

   

 

 

 


Table of Contents
  3.1.2.

Consolidated Statements of Comprehensive Income

 

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

Net interest income

     3,143,438       6,478,260       3,106,526       6,368,691  

Interest income

     7,352,100       14,511,829       7,284,633       14,739,574  

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

     6,966,183       13,749,624       6,922,324       14,005,120  

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

     375,712       740,531       353,152       715,207  

Insurance finance interest income

     10,205       21,674       9,157       19,247  

Interest expense

     (4,208,662     (8,033,569     (4,178,107     (8,370,883

Interest expense

     (3,799,921     (7,221,765     (3,804,895     (7,615,529

Insurance finance interest expense

     (408,741     (811,804     (373,212     (755,354

Net fee and commission income

     1,601,916       2,961,245       1,031,936       1,965,984  

Fee and commission income

     2,093,819       3,904,194       1,446,966       2,777,199  

Fee and commission expense

     (491,903     (942,949     (415,030     (811,215

Net insurance income

     412,075       755,716       412,136       849,889  

Insurance income

     3,267,497       6,399,754       3,036,603       6,144,414  

Insurance income

     3,156,987       6,166,664       2,900,194       5,735,262  

Reinsurance income

     110,510       233,090       136,409       409,152  

Insurance expense

     (2,855,422     (5,644,038     (2,624,467     (5,294,525

Insurance service expense

     (2,633,697     (5,216,673     (2,396,702     (4,860,901

Reinsurance expense

     (221,725     (427,365     (227,765     (433,624

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

     2,218,901       2,585,745       1,566,145       2,112,363  

Other insurance finance expenses from contract held

     (1,642,279     (1,996,585     (273,721     (413,291

Net other operating expenses

     (612,271     (676,852     (1,305,244     (1,791,668

General and administrative expenses

     (1,889,487     (3,654,401     (1,749,696     (3,355,261

Operating income before provision for credit losses

     3,232,293       6,453,128       2,788,082       5,736,707  

Provision for credit losses

     (519,745     (1,013,014     (655,111     (1,310,708

Net operating income

     2,712,548       5,440,114       2,132,971       4,425,999  

Net non-operating income (expenses)

     20,210       (76,216     210,170       223,748  

Share of profit of associates and joint ventures

     15,693       35,917       4,813       10,261  

Net other non-operating income (expenses)

     4,517       (112,133     205,357       213,487  

Profit before income tax expense

     2,732,758       5,363,898       2,343,141       4,649,747  

Income tax expense

     (722,250     (1,436,921     (595,561     (1,203,045

Profit for the period

     2,010,508       3,926,977       1,747,580       3,446,702  

Other comprehensive income (loss) for the period, net of tax

     (11,883     (30,950     123,435       (784,305

Items that will not be reclassified to profit or loss:

        

Remeasurements of net defined benefit liabilities

     72,561       63,028       6,637       (790

Share of other comprehensive income (loss) of associates and joint ventures

     (2     25       0       0  

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

     (112,481     (79,084     168,860       213,283  

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

     2,972       1,693       (4,862     (10,707

Items that may be reclassified subsequently to profit or loss:

        

Currency translation differences

     65,165       343,344       (337,087     (351,553

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

     (1,660,346     (3,994,187     (568,282     342,749  

Share of other comprehensive income (loss) of associates and joint ventures

     (686     578       (2,452     (2,328

Gains (losses) on cash flow hedging instruments

     (254,119     (498,474     (61,776     (30,275

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

     (30,644     (113,078     123,470       126,994  

Insurance finance income (expenses)

     1,905,697       4,245,205       798,927       (1,071,678

Total comprehensive income for the period

     1,998,625       3,896,027       1,871,015       2,662,397  

Profit attributable to:

        

Shareholders of the parent company

     1,992,189       3,884,590       1,738,422       3,435,693  

Non-controlling interests

     18,319       42,387       9,158       11,009  

Total comprehensive income (loss) for the period attributable to:

        

Shareholders of the parent company

     2,003,123       3,867,563       1,859,757       2,657,343  

Non-controlling interests

     (4,498     28,464       11,258       5,054  

Earnings per share

        

Basic earnings per share (Won)

     5,549       10,670       4,603       9,031  

Diluted earnings per share (Won)

     5,509       10,585       4,565       8,950  


Table of Contents
3.2.

Separate Financial Information

 

  3.2.1.

Separate Statements of Financial Position

 

            (Unit: in millions of Won)  
     As of June 30, 2026      As of December 31, 2025  

Cash and due from financial institutions

     482,142        974,585  

Financial assets at fair value through profit or loss

     984,897        1,251,607  

Loans measured at amortized cost

     349,112        349,112  

Investments in subsidiaries

     27,867,817        26,867,817  

Property and equipment

     4,240        2,896  

Intangible assets

     12,559        13,207  

Net defined benefit assets

     2,703        3,058  

Deferred income tax assets

     14,283        9,354  

Other assets

     887,119        1,381,504  
  

 

 

    

 

 

 

Total assets

     30,604,872        30,853,140  
  

 

 

    

 

 

 

Debentures

     5,509,479        4,520,297  

Current income tax liabilities

     372,894        544,056  

Other liabilities

     544,593        853,551  
  

 

 

    

 

 

 

Total liabilities

     6,426,966        5,917,904  
  

 

 

    

 

 

 

Share capital

     2,090,558        2,090,558  

Hybrid securities

     4,206,589        4,359,256  

Capital surplus

     7,247,126        14,751,591  

Accumulated other comprehensive loss

     (8,196      (8,601

Retained earnings

     10,817,843        5,643,970  

Treasury Shares

     (176,014      (1,901,538
  

 

 

    

 

 

 

Total equity

     24,177,906        24,935,236  
  

 

 

    

 

 

 

Total liabilities and equity

     30,604,872        30,853,140  
  

 

 

    

 

 

 


Table of Contents
  3.2.2.

Separate Statements of Comprehensive Income

 

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

Net interest expense

     (30,769      (57,043      (19,665      (42,829

Interest income

     5,398        12,530        10,549        16,076  

Interest income from financial instruments at amortized cost

     4,380        10,516        9,533        14,218  

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

     1,018        2,014        1,016        1,858  

Interest expense

     (36,167      (69,573      (30,214      (58,905

Net fee and commission expense

     (3,657      (4,807      (1,553      (3,343

Fee and commission income

     513        984        518        990  

Fee and commission expense

     (4,170      (5,791      (2,071      (4,333

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

     9,748        17,222        22,461        47,912  

Net other operating income

     100,000        1,365,231        —         2,355,586  

General and administrative expenses

     (28,252      (57,483      (28,165      (50,333

Operating profit before provision for credit losses

     47,070        1,263,120        (26,922      2,306,993  

Provision for credit losses

     (7      (6      (7      (6

Operating profit (loss)

     47,063        1,263,114        (26,929      2,306,987  

Net non-operating income (expense)

     106        596        (174      (107

Profit (loss) before income tax

     47,169        1,263,710        (27,103      2,306,880  

Income tax income (expense)

     5,023        5,650        809        (6,581

Profit (loss) for the period

     52,192        1,269,360        (26,294      2,300,299  

Other comprehensive income for the year, net of tax

     467        405        36        25  

Items that will not be reclassified to profit or loss:

           

Remeasurements of net defined benefit liabilities

     467        405        36        25  

Total comprehensive income (loss) for the year

     52,659        1,269,765        (26,258      2,300,324  

Earnings per share

           

Basic earnings per share (Won)

     29        3,322        (219      5,954  

Diluted earnings per share (Won)

     29        3,296        (217      5,900  


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 June 30, 2026     As of December 31, 2025     As of December 31, 2024  

Current assets in Won (A)

     1,291,855       1,535,482       592,591  

Current liabilities in Won (B)

     456,486       500,481       383,862  

Liquidity ratio (A/B)

     283.00     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 six months ended
June 30, 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)

     0.95        0.75        0.68  

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

     13.11        9.93        8.87  

 

  3.3.3.

20 Largest Exposures of Kookmin Bank by Borrower (As of June 30, 2026)

 

     (Unit: in billions of Won)  

Company

   Credit Extended  

Samsung Electronics Co., Ltd.

     1,948  

NH-Amundi Asset Management Co., Ltd.

     1,490  

KB Kookmin Card Co., Ltd

     1,385  

Samsung SDI Co., Ltd..

     1,131  

HD Hyundai Heavy Industries Co., Ltd.

     1,100  

Hanwha Aerospace Co., Ltd.

     1,074  

Hanwha Solutions Corporation

     998  

Shinhan Card Co., Ltd.

     978  

Samsung Heavy Industries Co., Ltd.

     971  

Harim Industrial Co., Ltd.

     941  

LG Energy Solution, Ltd.

     908  

Strada Holdco L.P.

     903  

Samsung Card Co., Ltd.

     875  

POSCO INTERNATIONAL Corporation

     832  

E-MART Inc.

     812  

Lotte Shopping Co., Ltd.

     803  

Hanwha Corporation

     773  

LS MnM Inc.

     765  

SK Innovation Co., Ltd.

     749  

Samsung Asset Management Co., Ltd.

     739  
  

 

 

 

Total

     20,173  
  

 

 

 


Table of Contents
  3.3.4.

10 Largest Exposures of Kookmin Bank by Chaebol Group (As of June 30, 2026)

 

     (Unit: in billions of Won)  

Group

   Credit Extended  

Samsung

     7,011  

Hyundai Motor

     3,821  

SK

     5,665  

Lotte

     3,517  

LG

     2,083  

Hanhwa

     5,169  

Hanjin

     591  

POSCO

     1,674  

GS

     1,343  

Shinsegae

     1,484  
  

 

 

 

Total

     32,359  
  

 

 

 

 

  3.3.5.

Kookmin Bank’s Loan Concentration by Industry (As of June 30, 2026)

 

     (Unit: in billions of Won, except percentages)  

Industry

   Total Credit      Percentage of
Total Credit
 

Manufacturing

     68,511        28.0  

Construction

     4,404        1.8  

Real estate activities

     63,136        25.9  

Wholesale and retail trade

     34,028        13.9  

Accommodation and food service activities

     12,249        5.0  

Financial activities

     11,043        4.5  

Others

     50,942        20.9  
  

 

 

    

 

 

 

Total

     244,315        100  
  

 

 

    

 

 

 


Table of Contents

3.3.6. Top 20 Non-Performing Loans of Kookmin Bank (As of June 30, 2026)

 

          (Unit: in billions of Won)  

Borrower

  

Industry

   Total Credit      Allowance
for Loan Losses
 

Borrower A

   Real estate activities      35        10  

Borrower B

   Construction      33        32  

Borrower C

   Wholesale and retail trade      19        6  

Borrower D

   Information and communications      17        17  

Borrower E

   Wholesale and retail trade      16        13  

Borrower F

   Wholesale and retail trade      12        1  

Borrower G

   Manufacturing      10        6  

Borrower H

   Construction      10        10  

Borrower I

   Real estate activities      9        2  

Borrower J

   Information and communications      9        9  

Borrower K

   Art, Sports and Recreation Services      9        1  

Borrower L

   Real estate activities      9        0  

Borrower M

   Manufacturing      9        5  

Borrower N

   Manufacturing      8        2  

Borrower O

   Information and communications      7        5  

Borrower P

   Art, Sports and Recreation Services      7        3  

Borrower Q

   Wholesale and retail trade      7        2  

Borrower R

   Construction      7        3  

Borrower S

   Wholesale and retail trade      7        4  

Borrower T

   Manufacturing      6        4  
     

 

 

    

 

 

 

   —       247        133  
     

 

 

    

 

 

 

 

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, hours)  
    

Auditor

  

Activity

   Agreed Per Contract      Actual  

Period

   Compensation      Estimated
Hours
     Compensation      Accrued
Hours
 

January 1 to June 30, 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        3,059  

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
June 30, 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

Not applicable.


Table of Contents
5.

Corporate Governance and Affiliated Companies

 

5.1.

Board of Directors & Committees under the Board

As of June 30, 2026, our board of directors consisted of nine directors, comprising one executive director, one non-standing director and seven non-executive directors. The following committees currently serve under our board of directors:

 

   

Audit Committee;

 

   

Risk Management Committee;

 

   

Evaluation and Compensation Committee;

 

   

ESG Committee;

 

   

Internal Control Committee;

 

   

Non-Executive Director Nominating Committee;

 

   

Chairman Nominating Committee;

 

   

Subsidiaries’ Representative Director Nominating Committee; and

 

   

Audit Committee Member Nominating Committee (ad hoc committee).

For the list of our directors, see 6. Directors, Senior Management and Employees — 6.1. Executive Directors, — 6.2. Non-standing Directors and — 6.3. Non-executive Directors below.

 

5.2.

Audit Committee

The Audit Committee oversees our financial reporting and approves the appointment of our independent auditors and internal compliance officers. The committee also reviews our financial information, auditor’s examinations, key financial statement issues, the plans and evaluation of internal controls and the administration of our financial affairs by the board of directors. In connection with the general meetings of shareholders, the committee examines the agenda for, and financial statements and other reports to be submitted by, the board of directors to each general meeting of shareholders. The committee holds regular meetings every quarter and on an as-needed basis.

The following table shows a list of audit committee requirements under Articles 415-2 and 542-11 of the Commercial Code and how we fulfill each requirement as of June 30, 2026.

 

The Commercial Code Requirements

  

KB Financial Group

The Audit Committee must consist of three or more directors.    We have four Audit Committee members.

At least two-thirds of the Audit Committee members must be non-executive directors.

 

   All four Audit Committee members, including the chairman of the committee, are non-executive directors.
The chairman of the Audit Committee must be a non-executive director.
At least one Audit Committee member must be an accounting or financial expert.    Two Audit Committee members (Whajoon Cho, Sun Yeop Kim) are accounting or financial experts.


Table of Contents
5.3.

Compensation to Directors

 

  5.3.1.

Total Amount of Compensation Approved at the Annual General Meeting of Shareholders

 

(Unit: in millions of Won)  

Period

  

Position

   Total number of
persons(1)
    Total compensation approved at
shareholders’ meeting(2)
     Notes  

January 1 to December 31, 2026

   Registered Directors
(Non-executive directors)
     (7)      3,000        —   

January 1 to December 31, 2025

   Registered Directors
(Non-executive directors)
     (7)      3,000        —   

January 1 to December 31, 2024

   Registered Directors
(Non-executive directors)
     (7)      3,000        —   

 

Notes:  (1)

Headcount as of the record date for each fiscal year (in the case of the current period, as of June 30, 2026)

    (2)

Based on the total limit for registered directors (including non-executive directors). Long-term performance-linked share compensation was approved separately based on the number of shares (up to a maximum of 18,516 shares per year).


Table of Contents
  5.3.2.

Total Amount of Compensation Paid

 

(As of June 30, 2026)      (Unit: in millions of Won)

Period

   Total number
of persons(1)
     Total
payment(2)
     Average
payment per
person(3)
     Share-based
compensation
expense included in
total
compensation(4)
     Compensation not included in total compensation
(on a balance basis) (5)
     Notes(7)
   Stock Options      Other share-based compensation  
   Exercisable
quantity
     Unvested
quantity
     Remaining
balance
     Unissued
quantity
     Market
value(6)
 

January 1 to [June 30, 2026]

     9        1,026        114        —         —         —         —         2,382        373      16,436

January 1 to December 31, 2025

     9        1,965        224        169        —         —         —         2,295        289      18,516

January 1 to December 31,2024

     9        1,616        179        17        —         —         —         198        17      18,516

 

Notes:  (1)

Represents the total number of applicable persons as of June 30, 2026.

    (2)

Represents the total amount paid or determined to be paid to Directors and Internal Auditor by the end of each fiscal year (or June 30, 2026, as the case may be).

    (3)

Represents the total compensation divided by the total number of persons, converted for the reporting period (rounded to the nearest whole number).

    (4)

Represents the sum of payouts from the deferred portion of short-term performance bonuses, as well as lump-sum and deferred portions of long-term performance bonuses.

    (5)

Represents the compensation payable to Directors and [Internal Auditor] that was determined for each fiscal year but remains unpaid

    (6)

Unissued quantity × Fair market value at the end of each fiscal year (calculated as the arithmetic mean of the volume-weighted average closing prices for the 2-month, 1-month, and 1-week periods preceding the record date).

      LOGO

Fair market value: Won 87,156 as of December 31, 2024; Won 125,944 as of December 31, 2025; Won 156,567 as of June 30, 2026.

     

(Unconfirmed fair market values are calculated based on the rate as of June 30, 2026).

    (7)

The number of long-term performance shares represents the maximum deliverable shares whose payouts remain unfinalized as of June 30, 2026. The actual number of shares to be delivered will be finalized following the completion of the performance evaluation period.


Table of Contents
  5.3.3.

Compensation Breakdown by Position and Role

 

(As of June 30, 2026)      (Unit: in millions of Won)

Position

  

Period

   Total
number of
persons
     Total
payment
     Average
payment
per person
     Share-based
compensation
expense included in
total
compensation
     Compensation excluded from total compensation
(balance basis)
    

Notes

   Stock Options      Other share-based
compensation
 
   Exercisable
quantity
     Unvested
quantity
     Remaining
balance
     Unissued
quantity
     Market
value
 

Registered Directors (excluding non-executive directors and Audit Committee members)

  

January 1 to December 31, 2026

     2        650        325        —         —         —         —         2,382        373      16,436
  

January 1 to December 31, 2025

     2        1,271        718        169        —         —         —         2,295        289      18,516
  

January 1 to December 31, 2024

     2        938        468        17        —         —         —         198        17      18,516

Non-executive Directors (excluding Audit Committee members)

  

January 1 to December 31, 2026

     3        160        53        —         —         —         —         —         —      
  

January 1 to December 31, 2025

     3        299        100        —         —         —         —         —         —      
  

January 1 to December 31, 2024

     3        283        94        —         —         —         —         —         —      

Audit Committee members

  

January 1 to December 31, 2026

     4        217        54        —         —         —         —         —         —      
  

January 1 to December 31, 2025

     4        395        99        —         —         —         —         —         —      
  

January 1 to December 31, 2024

     4        395        98        —         —         —         —         —         —      

Internal Auditor

  

January 1 to December 31, 2026

     —         —         —         —         —         —         —         —         —      
  

January 1 to December 31, 2025

     —         —         —         —         —         —         —         —         —      
  

January 1 to December 31, 2024

     —         —         —         —         —         —         —         —         —      


Table of Contents
  5.3.4.

Compensation Breakdown by Types of Income

 

(As of June 30, 2026)                                   (Unit: in millions of Won)  

Position

  

Period

  Salary     Bonus      Gains from
Exercise of
Stock Options
     Other Share-
Based
Compensation
Paid
     Other Earned
Income
     Retirement
Benefits
     Other
Income
 

Registered Directors (excluding non-

executive directors and Audit Committee members)

  

January 1 to
December 31, 2026

    450       200        —         —         —         —         —   
  

January 1 to
December 31, 2025

    900       200        —         169        2        —         —   
  

January 1 to
December 31,2024

    900       21        —         17        —         —         —   

Non-executive Directors (excluding Audit Committee members)

  

January 1 to
December 31, 2026

    81       —         —         —         79        —         —   
  

January 1 to
December 31, 2025

    162       —         —         —         137        —         —   
  

January 1 to
December 31,2024

    163       —         —         —         120        —         —   

Audit Committee members

  

January 1 to
December 31, 2026

    112       —         —         —         105        —         —   
  

January 1 to
December 31, 2025

    224       —         —         —         171        —         —   
  

January 1 to
December 31,2024

    221       —         —         —         174        —         —   

Internal Auditor

   January 1 to
December 31, 2026
    —        —         —         —         —         —         —   
  

January 1 to
December 31, 2025

    —        —         —         —         —         —         —   
  

January 1 to
December 31,2024

    —        —         —         —         —         —         —   


Table of Contents
5.4.

Top 5 Highest-Paid Individuals

 

  5.4.1

Compensation Exceeding Won 500 million – Individual Basis(1)

 

(As of June 30, 2026)      (Unit: in millions of Won)  

Name

  

Period

   Position    Total
payment(2)
     Share-based compensation included in
total compensation(3)
     Compensation excluded from total compensation
(balance basis) (4)
     Notes  
   Type    Quantity      Amount      Stock Options      Other share-base
compensation
 
   Exercisable
quantity
     Unvested
quantity
     Exercise
price
     Remaining
balance
     Unissued
quantity
     Market
value(5)
 

Jong Hee Yang

  

January 1 to December 31, 2026

   Chairman      650      —       —         —         —         —         —         —         2,382        373        16,436  
  

January 1 to December 31, 2025

   Chairman      1,890      Share-linked cash
compensation
     6,260        788        —         —         —         —         2,295        289        18,516  
  

January 1 to December 31, 2024

   Chairman      1,848      Share-linked cash
compensation
     9,933        730        —         —         —         —         1,911        167        18,516  

Sang Rok Na

  

January 1 to December 31, 2026

   Senior
Managing
Director
     764      Share-linked cash
compensation
     4,206        530        —         —         —         —         3,407        533        1.826  
  

January 1 to December 31, 2025

   Managing
Director
     343      Share-linked cash
compensation
     343        43        —         —         —         —         688        87     
  

January 1 to December 31, 2024

   Managing
Director
     198      Share-linked cash
compensation
     —         —         —         —         —         —         —         —      

Keoung Nam Kim

  

January 1 to December 31, 2026

   Senior
Managing
Director
     701      Share-linked cash
compensation
     3,729        470        —         —         —         —         4,546        712        1,667  
  

January 1 to December 31, 2025

   Managing
Director
     405      Share-linked cash
compensation
     350        44        —         —         —         —         702        88     
  

January 1 to December 31, 2024

   Managing
Director
     231      —       —         —         —         —         —         —         —         —      

 

Notes:  (1)

Prepared based on the compensation paid or determined to be paid to executives and employees as of the record date of each fiscal year.

    (2)

Prepared based on individuals subject to the Statement of Wage and Salary Income submitted to the competent tax office pursuant to Article 20 of the Income Tax Act of Korea for each fiscal year (based on the primary entity affiliation; the same applies hereinafter). (Same below; for Chairman Yang Jong Hee, performance-based compensation accrued during his tenure as Vice Chairman is included)

    (3)

Represents the sum of payouts from the deferred portion of short-term performance bonuses, as well as lump-sum and deferred portions of long-term performance bonuses.

    (4)

Represents the compensation payable to executives and employees that was determined, but not paid, for each fiscal year but remains unpaid.

    (5)

Represents the compensation payable to Directors and Audit Committee Members that was determined, but not paid, for each fiscal year but remains unpaid.

    (6)

Unissued quantity × Fair market value at the end of each fiscal year (calculated as the arithmetic mean of the volume-weighted average closing prices for the 2-month, 1-month, and 1-week periods preceding the record date).

      LOGO

Fair market value: Won 87,156 as of December 31, 2024; Won 125,944 as of December 31, 2025; Won 156,567 as of June 30, 2026. (Unconfirmed fair market values are calculated based on the rate as of June 30, 2026).

    (7)

The number of long-term performance shares represents the maximum deliverable shares whose payouts remain unfinalized as of June 30, 2026. The actual number of shares to be delivered will be finalized following the completion of the performance evaluation period.


Table of Contents
  5.4.2

Status of Other Share-Based Compensation Granted

 

(As of June 30, 2026)                                       (Unit: in millions of Won)  

Name

   Grant/Settlement
(Cancellation)
date(1)
     Title    Newly
granted
quantity
     Cumulative
granted
quantity(2)
     Shares issued
during the
period
     Cumulative net change(3)      Unissued
quantity at
period-end
     Vesting
conditions
    

Timing of
settlement

   Basis and
procedure
for grant(4)
 
   Settlement      Cancellation  

Jong Hee Yang

     2026.3.6      Performance
bonus
     2,382        15,503               8,915               6,588             For three years from the initial deferred settlement date   

Sang Rok Na

     2026.3.19      Performance
bonus
     7,613        8,644        4,206        4,549               4,095             For three years from the initial deferred settlement date   

Keoung Nam Kim

     2026.3.19      Performance
bonus
     8,275        9,327        3,729        4,079               5,248             For three years from the initial deferred settlement date   

 

Notes:  (1)

Represents the date on which the newly granted quantity was determined.

    (2)

Represents the cumulative quantity granted that was paid or determined to be paid during the reporting period (figures for Chairman Jong Hee Yang include 9,085 shares that had been granted during his tenure as Vice Chairman).

    (3)

Represents the cumulative quantity paid or cancelled during the reporting period, excluding shares granted and paid prior to the reporting period (for Chairman Jong Hee Yang, the 7,372 shares confirmed to be granted for his tenure as Vice Chairman during the reporting period are included, while the 7,278 shares granted and paid prior to the reporting period are excluded).

    (4)

Unless otherwise noted, refers to relevant internal regulations and approvals by the Evaluation and Compensation Committee, among others.


Table of Contents
  5.4.3

Calculation Criteria and Method of Compensation

 

Period

  

Name

  

Compensation Type

   Total     

Calculation Criteria and Method

January 1
to
June 30,
2026
   Jong Hee Yang    Earned income    Salary      450     

- A monthly salary was paid in equal monthly installments in accordance with the amount of annual salary determined through a resolution of the Evaluation and Compensation Committee within the limit of the total amount of compensation approved at the shareholders’ meeting. (including allowances for business expenses of Won 200 million.)

  

 

Bonus

  

 

 

 

200

 

 

  

 

- The bonus paid in 2026 represents a lump-sum short-term performance-based compensation corresponding to the performance evaluation period from January 1, 2025 to December 31, 2025, totaling Won 200 million

 

- The short-term performance evaluation index for the period after his appointment as the CEO and Chairman consisted of quantitative indicators (including ROE, total operating income, net profit from non-banking businesses, comprehensive NPL ratio, RORWA, Tier 1 ratio, and C/I ratio), as well as non-quantitative results (such as improving the core competitiveness of the Group, enhancing its core businesses, expanding new growth drivers, innovating both physical and digital channels, advancing the Group’s operating model through technology and human capital, and strengthening customer value creation and the foundation for sustainable growth). The amount of the short-term incentive payment is determined by the Evaluation and Compensation Committee based on the aggregate score of the index items above and is within the range of 0%-100% of base salary.

 

- With respect to the quantitative indicators, the Group’s net profit for 2025 was Won 5,833.2 billion, primarily due to well-managed asset qualities and cost efficiencies. Such results, among others, were considered to be major achievements that were reflected in the performance evaluation.

  

 

Gain on exercise of stock options

  

 

 

 

— 

 

 

  

 

— 

  

 

Share-based compensation

     —       — 
  

 

Other earned income

     —       — 
  

 

Retirement income

     —       — 
  

 

Other income

     —       — 
  

 

Excluded items from total compensation

  

 

Gain on exercise of stock options

 

  

 

— 

  

 

Share-based compensation

 

  

 

- Compensation not included in the total compensation amount totals Won 373 million (equivalent to 2,382 shares)

 

- A total of 2,382 shares were allocated as deferred short-term performance incentives corresponding to the FY2025 performance evaluation period (January 1, 2025 to December 31, 2025). The actual payout amounts will be finalized at a future date, reflecting the fair market value as of each respective payout reference date.

 

- Note: Separately, performance shares (up to 16,436) were granted as long-term performance incentives. The actual number of shares to be paid will be determined based on the long-term performance evaluation results (November 21, 2023 to November 20, 2026).


Table of Contents

Period

  

Name

  

Compensation Type

   Total     

Calculation Criteria and Method

January 1
to
June 30,
2026
   Sang Rok Na    Earned income    Salary      115     

- A monthly salary was paid in equal monthly installments in accordance with the amount of annual salary determined based on his position and responsibilities pursuant to our internal policy regarding executive officers.

  

 

Bonus

  

 

 

 

114

 

 

  

 

- The bonus paid in 2026 represents a lump-sum short-term performance-based compensation corresponding to the performance evaluation period from January 1, 2025 to December 31, 2025, totaling Won 114 million.

 

- His 2025 short-term performance index consisted of qualitative metrics linked to strategic management initiatives in his capacity as Managing Director of Finance. The final payout amount was determined within a range of 0% to 120% of the base salary based on a comprehensive evaluation by the Evaluation and Compensation Committee.

 

- Major achievements that were considered included managing IR activities and the annual general shareholder’s meeting with a focus on enhancing corporate and shareholder value in 2025, and boosting corporate value through the effective implementation of the Corporate Value-up Framework.

  

 

Gain on exercise of stock options

  

 

 

 

— 

 

 

   — 
  

 

Share-based compensation

  

 

 

 

530

 

 

  

 

- Share-based compensation paid in 2026 represents a lump-sum long-term incentive for 2024–2025, comprising 4,206 shares (valued at Won 530 million).

 

- Long-term performance metrics consist of Relative Total Shareholder Return (Relative TSR), group performance, and individual job performance. The LTI amount was calculated within a range of 0% to 100% of annualized base salary based on the achievement rate for each metric during the tenure.

 

- Relative TSR took into account stock price performance compared to peers during the performance evaluation contract period. Group performance and individual job performance were reflected by taking the arithmetic average of annual performance evaluation results.

  

 

Other earned income

  

 

5

 

  

- Other benefits

  

 

Retirement income

  

 

 

 

— 

 

 

  

 

— 

  

 

Other income

  

 

— 

 

  

— 

  

 

Excluded items from total compensation

  

 

Gain on exercise of stock options

 

  

 

— 

  

 

Share-based compensation

 

  

 

- Compensation excluded from the total compensation amount totals Won 533 million (equivalent to 3,407 shares)

 

- A total of 603 shares were allocated as deferred short-term performance incentives corresponding to the FY2025 performance evaluation period (January 1, 2025 to December 31,2025).

 

- A total of 2,804 shares were allocated as deferred long-term performance incentives corresponding to the FY2025 performance evaluation period (January 1, 2025 to December 31,2025). The actual payout amounts will be finalized at a future date reflecting the fair market value as of each respective payout reference date.

 

- Note: Separately, performance shares (up to 1,826) were granted as long-term performance incentives. The actual number of shares to be paid will be determined based on the long-term performance evaluation results (January 1, 2026 to December 31, 2027)


Table of Contents

Period

  

Name

  

Compensation Type

   Total     

Calculation Criteria and Method

January 1
to

June 30,
2026

   Keoung Nam Kim    Earned income    Salary      120     

- A monthly salary was paid in equal monthly installments in accordance with the amount of annual salary determined based on his position and responsibilities pursuant to our internal policy regarding executive officers.

  

 

Bonus

  

 

 

 

103

 

 

  

 

- The bonus paid in 2026 represents a lump-sum short-term performance-based compensation corresponding to the performance evaluation period from January 1, 2025 to December 31, 2025, totaling Won 103 million.

 

- His 2025 short-term performance index consisted of qualitative metrics linked to management goals in his role as Senior Managing Director of ESG & Inclusive Growth Division. The final payout amount was determined within a range of 0% to 120% of base salary, as comprehensively evaluated by the Evaluation and Compensation Committee.

 

- Major achievements that were considered included the group-wide promotion of KB Social Contribution initiatives and business expansions linked to ESG management activities in 2025.

  

 

Gain on exercise of stock options

  

 

 

 

— 

 

 

  

 

— 

  

 

Share-based compensation

  

 

 

 

470

 

 

  

 

- Share-based compensation paid in 2026 represents a lump-sum long-term incentive for 2024–2025, comprising 3,729 shares (valued at Won 470 million).

 

- Long-term performance metrics consist of Relative Total Shareholder Return (Relative TSR), group performance, and individual job performance. The LTI amount was calculated within a range of 0% to 100% of annualized base salary based on the achievement rate for each metric during the tenure.

 

- Relative TSR took into account stock price performance compared to peers during the performance evaluation contract period. Group performance and individual job performance were reflected by taking the arithmetic average of annual performance evaluation results.

  

 

Other earned income

  

 

 

 

8

 

 

  

 

- Other benefits

  

 

Retirement income

  

 

 

 

— 

 

 

  

 

— 

  

 

Other income

  

 

 

 

— 

 

 

  

 

— 

  

 

Excluded items from total compensation

  

 

Gain on exercise of stock options

 

  

 

— 

  

 

Share-based compensation

 

  

 

- Compensation excluded from the total compensation amount totals Won 712 million (equivalent to 4,546 shares)

 

- A total of 816 shares were allocated as deferred short-term performance incentives corresponding to the FY2025 performance evaluation period (January 1, 2025 to December 31,2025).

 

- A total of 3,730 shares were allocated as deferred long-term performance incentives corresponding to the FY2025 performance evaluation period (January 1, 2025 to December 31,2025). The actual payout amounts will be finalized at a future date reflecting the fair market value as of each respective payout reference date.

 

- Note: Separately, performance shares (up to 1,667) were granted as long-term performance incentives. The actual number of shares to be paid will be determined based on the long-term performance evaluation results (January 1, 2026 to December 31, 2027).


Table of Contents
5.5.

Stock-based Compensation

 

  5.5.1.

Stock-Linked Cash Compensation (Phantom Stock)

Pursuant to the Group’s director compensation regulations and executive officer management regulations, the Evaluation and Compensation Committee determines various aspects of the performance evaluation and compensation of the Group’s management, and establishes and evaluates the performance evaluation and compensation criteria for management on an annual basis through its committee resolutions. The short-term performance bonuses (annual evaluation) and long-term performance bonuses (multi-year cumulative evaluation) that were determined on the basis of such evaluation results are paid and operated in the form of cash compensation and stock compensation (performance-linked shares, restricted stock).

A portion (40 to 60%) of the short-term bonus is paid in cash immediately, while the remaining portion (60 to 40%) is converted to restricted stocks and paid on a deferred basis. The long-term bonus is granted as performance-linked shares based on a cumulative evaluation covering two years of performance (three years for the CEO). A portion of such performance-linked shares is paid in cash in an amount corresponding to the stock value, while the remaining portion is converted to restricted stocks and paid on a deferred basis, similar to the short-term performance bonuses. The deferred portions of the short-term and long-term performance bonuses are paid in cash, reflecting the stock price (fair market value) at the time of the deferred payment.

 

  5.5.2.

Changes in the Amounts of Stock-based Compensation

 

  5.5.2.1

Long-Term Performance Compensation

 

           (Unit: Number of shares, except number
of recipients)
 
     For the six months ended
June 30, 2026
    For the year ended
December 31, 2025
    For the year ended
December 31, 2024
 

Number of Recipients(1)(2)

     11       12       13  

Number of Performance-Linked Shares Granted(2)(3)

     35,666       37,628       73,213  

Number of Performance-Linked Shares Paid During the Period (a+b)(4)

     48,241       41,877       69,947  

a. Number of Shares for Stock-Linked Cash Compensation

     24,932       20,406       33,431  

b. Number of Shares Converted to Restricted Stocks to be Paid on a Deferred Basis

     23,309       21,471       36,516  

Evaluation Adjustment

     (266     (684     (4,146

Cumulative Number of Performance-Linked Shares Paid
(Sum of Stock-Linked Cash Compensation and
Restricted Stock Conversion)(5) 

     160,065       247,869       242,463  

Number of Unpaid Performance-Linked Shares(3)(6)

     129,819       142,660       147,593  

 

Notes:  (1)

Based on the beneficiaries reported to the tax office pursuant to Article 20 of the Income Tax Act of Korea.

    (2)

Based on the number of individuals who entered into stock-based compensation agreements each year and the number of shares scheduled to be granted according to such agreements.

    (3)

Adjusted based on the period of employment during the performance-linked share grant period.

    (4)

Represents the final number of shares determined after adjustments based on evaluation results. According to the Act on the Corporate Governance of Financial Companies, a portion (40 to 60%) is paid as stock-linked cash compensation applying the stock price (fair market value) at the end of the evaluation period, while the remainder (60 to 40%) is converted to restricted stocks and paid on a deferred basis for one year from the end of the evaluation period or one year after retirement, and then paid over three years applying the stock price (fair market value) at the time of each deferred payment.

    (5)

Represents the cumulative number of shares paid up to the record date of disclosure during the reporting period.

    (6)

Represents the number of shares granted at the end of the year minus the actual number of shares paid.


Table of Contents
  5.5.2.2.

Restricted Stock

 

            (Unit: Number of shares, except number
of recipients)
 
     For the six months ended
June 30, 2026
     For the year ended
December 31, 2025
     For the year ended
December 31, 2024
 

Number of Payment Recipients

     27        21        26  

Number of Shares Confirmed for Deferral(1)

     36,978        43,076        64,997  

Number of Shares Paid(1)

     60,132        75,896        73,878  

Cumulative Number of Shares Paid(3)

     209,906        216,286        198,824  

Number of Unpaid Shares(1)

     105,779        128,933        161,753  

 

Notes:  (1)

Based on the number of restricted stocks confirmed based on the period of employment and the resolutions of the Evaluation and Compensation Committee.

    (2)

Restricted stock is paid in cash reflecting the stock price (fair market value) at the time of each deferred payment, after one year from the end of the evaluation period or one year after retirement, over three years.

    (3)

Represents the cumulative number of shares paid up to the record date of disclosure during the reporting period.


Table of Contents
5.6.

Affiliated Companies

 

  5.6.1.

List of Affiliated Companies

Affiliated companies of KB Financial Group that are first-tier subsidiaries and KB Financial Group’s ownership of such companies as of June 30, 2026 are as follows.

 

  1)

Kookmin Bank (100.00%)

 

  2)

KB Securities Co., Ltd. (100.00%)

 

  3)

KB Insurance Co., Ltd. (100.00%)

 

  4)

KB Kookmin Card Co., Ltd. (100.00%)

 

  5)

KB Life Insurance Co., Ltd. (100.00%)

 

  6)

KB Asset Management Co., Ltd. (100.00%)

 

  7)

KB Capital Co., Ltd. (100.00%)

 

  8)

KB Real Estate Trust Co., Ltd. (100.00%)

 

  9)

KB Savings Bank Co., Ltd. (100.00%)

 

  10)

KB Investment Co., Ltd. (100.00%)

 

  11)

KB Data Systems Co., Ltd. (100.00%)

 

6.

Directors, Senior Management and Employees

 

6.1.

Executive Directors

As of June 30, 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 June 30, 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  


Table of Contents
6.2.

Non-standing Directors

As of June 30, 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 June 30, 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 June 30, 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 June 30, 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


Table of Contents
6.4.

Senior Management

Members of our senior management as of June 30, 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

    23,468       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

    1,982       December 31, 2027  

Keoung Nam Kim

  August 1967  

Senior Managing Director and Head of the ESG Division

    2,666       December 31, 2026  

Sang Rok Na

  August 1972  

Senior Managing Director and Chief Financial Officer

    1,568       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

    2,130       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

    873       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

    967       December 31, 2027  

Seung Ho Kang

  November 1975  

Managing Director and Head of Secretariat

    762       December 31, 2027  

Sun Hyun Park

  June 1970  

Chief Consumer Protection Officer

    2,836       December 31, 2027  

Jin Young Park

  September 1972  

Chief Public Relation Officer

    2,713       December 31, 2026  

Hyoung Joo Park

  July 1971  

Head of AI • DT Initiative Division

    808       December 31, 2026  

Sang Won Oh

  December 1967  

Head of the IT Division

    969       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

    466       December 31, 2026  

Byoung Ha Choi

  September 1972  

Head of the Group Architecture Center

    715       December 31, 2026  

Myoung Hwa Park

  December 1969  

Head of the Planning & Coordination Department

    1,223       December 31, 2026  

Jae Yong Lee

  June 1968  

Head of Information Security Department

    993       December 31, 2026  

 

Note:  (1)

The numbers of common shares owned are as of June 30, 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 June 30, 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
  KB Card   Non-standing Director   April 2026

Hee Seung Yun

  KB Asset Management   Non-standing Director   February 2026

Dong Wook Joo

  KB Life Insurance   Non-standing Director   March 2026

 

6.5.

Employees

The following table shows information regarding our employees and compensation paid to them as of June 30, 2026.

 

           (Unit: in millions of Won)  

Number of

Employees(1)

   Average Tenure of
Employees(2)
     Total Amount of
Compensation(3)
    Average Compensation
per Person(4)
 

136

    

3 years and 6months

(17 years and 6months


     16,738 (5)      121 (5) 

 

Notes:

(1)  Includes all employees as of June 30, 2026, including executive officers.

  (2)

The duration in parentheses includes tenure at our subsidiaries.

  (3)

Based on the sum of all compensation paid from January 1, 2026 to June 30, 2026.

  (4)

Based on the sum of the average monthly compensation of each month from January 1, 2026 to June 30, 2026, which is computed by dividing the sum of all compensation paid each month by the number of employees (including executive officers) at the end of each month.

  (5)

The total amount of compensation paid from January 1, 2026 to June 30, 2026 includes special bonuses for the fiscal year 2025. Excluding such special bonuses, the average compensation per employee amounts to Won 102 million.

The following table shows information regarding our executive officers and compensation paid to them as of June 30, 2026.

 

            (Unit: in millions of Won)  

Number of

Executive Officers(A)

   Total Amount of Annual
Salaries(B)
     Average Annual Salary
per Person(B/A)
 

14

     4,006        286  


Table of Contents
7.

Major Shareholders and Related Party Transactions

 

7.1.

Major Shareholders

The following table presents information regarding holders of 5% or more of our total issued shares based on our shareholder registry as of June 30, 2026, unless specified otherwise.

 

            (Unit: shares, %)  

Name

   Number of Shares of Common Stock      Percentage of Total Issued Shares(1)  

Korean National Pension Service

     32,734,500        9.23  

BlackRock Fund Advisors(2)

     26,288,623        7.41  

Capital Research and Management Company (3)

     25,436,245        7.17  

JP Morgan Chase Bank, N.A.(4)

     21,896,527        6.17  

 

Notes:

(1)  Based on 354,687,734 shares of our common stock issued as of June 30, 2026.

  (2)

The above number of shares and the percentage of total issued shares held by BlackRock Fund Advisors are as of February 28, 2026 and are based on the disclosure made by BlackRock Fund Advisors in a statement of acquisition filing on March 11, 2026.

  (3)

The above number of shares and the percentage of total issued shares held by Capital Research and Management Company are as of March 31, 2026 and are based on disclosure made by Capital Research and Management Company in a statement of acquisition filing on April 7, 2026.

  (4)

Depositary under the Company’s ADR program. The voting rights are held by ADR holders.

 

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

     June 30, 2021        40,626,942       9.77  

Korean National Pension Service

     December 31, 2021        37,626,516       9.05  

Korean National Pension Service

     January 27, 2022        37,188,199 (3)      8.94  

Korean National Pension Service

     March 31, 2022        36,008,504       8.73  

Korean National Pension Service

     June 30, 2022        33,830,623       8.20  

Korean National Pension Service

     September 30, 2022        32,594,691       7.97  

Korean National Pension Service

     October 12, 2022        32,457,827 (4)      7.94  

Korean National Pension Service

     December 31, 2022        32,499,151       7.95  

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 (5)      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  

Korean National Pension Service

     May 8, 2026        33,460,006       8.97  

Korean National Pension Service

     June 13, 2026        33,101,147 (6)      9.33  

Korean National Pension Service

     June 30, 2026        32,734,500       9.23  


Table of Contents
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 December 12, 2019 to February 14, 2022: 415,807,920 shares

 

From February 14, 2022 to August 1, 2022: 412,352,494 shares

 

From August 1, 2022 to April 4, 2023: 408,897,068 shares

 

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 (However, the number of shares and the shareholding ratio of the

 

Korean National Pension Service as of June 30, 2025 are based on the shareholder registry as of May 12, 2025, or 393,528,423 shares)

 

From January 15, 2026 to May 15, 2026: 372,850,455 shares

 

After May 15, 2026: 354,687,734 shares

(3) Based on disclosure made by the Korean National Pension Service in a statement of disposal filing on February 4, 2022.

(4) Based on disclosure made by the Korean National Pension Service in a statement of disposal filing on November 2, 2022.

(5) Based on disclosure made by the Korean National Pension Service in a statement of acquisition filing on February 2, 2026.

(6) Based on disclosure made by the Korean National Pension Service in a statement of disposal filing on June 17, 2026.

 

7.3.

Employee Stock Ownership Association (As of June 30, 2026)

 

     (Unit: shares)  

Company Name

   Number of Shares of
Common Stock Owned
 

Kookmin Bank

     6,624,756  

KB Kookmin Card Co., Ltd.

     658,665  

KB Financial Group Inc.

     73,786  

KB Data Systems Co., Ltd.

     63,789  

KB Life Insurance Co., Ltd.

     21,412  

KB Real Estate Trust Co., Ltd.

     18,763  

KB Insurance Co., Ltd.

     868,379  

KB Credit Information Co., Ltd.

     12,242  

KB Investment Co., Ltd.

     4,118  

KB Asset Management Co., Ltd.

     17,781  

KB Savings Bank Co., Ltd.

     17,208  

KB Securities Co., Ltd.

     75,418  

KB Capital Co., Ltd.

     145,417  

KB Fund Partners Co., Ltd.

     20,983  

Others(1)

     38,085  
  

 

 

 

 Total

     8,660,802  
  

 

 

 

 

Note:

(1) Shares of common stock attributable to an account owned by the employee stock ownership association of KB Financial Group.


Table of Contents
7.4.

Investments in Affiliated Companies

 

(As of June 30, 2026)           (Units: shares, %, millions of Won)  

Company Name

   Ending Balance      Total assets as
of the latest
fiscal year
     Net
income(loss)
for the latest
fiscal year
 
    
Number of
shares owned
 
 
     Ownership        Book value  

Kookmin Bank

     404,379,116        100        14,821,721        626,871,068        2,225,402  

KB Securities Co., Ltd.

     331,953,757        100        4,042,391        102,789,277        796,291  

KB Insurance Co., Ltd.

     66,500,000        100        2,375,430        44,637,350        478,792  

KB Kookmin Card Co., Ltd.

     92,000,000        100        1,953,175        31,284,995        218,931  

KB Life Insurance Co., Ltd.

     16,201,518        100        2,795,367        35,190,078        141,565  

KB Asset Management Co., Ltd.

     7,667,550        100        96,312        533,542        83,054  

KB Capital Co., Ltd.

     32,175,147        100        873,811        18,611,330        138,132  

KB Real Estate Trust Co., Ltd.

     33,504,806        100        571,553        1,333,431        (153,119

KB Savings Bank Co., Ltd.

     8,001,912        100        176,813        2,264,759        (2,076

KB Investment Co., Ltd.

     22,525,328        100        154,910        1,813,197        22,800  

KB Data Systems Co., Ltd.

     800,000        100        6,334        83,777        3,428  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     —         —         27,867,817        —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Note: (1)  Based on each affiliate’s financial statements prepared in accordance with K-IFRS

 

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


Table of Contents
  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

 

    (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

 

    (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

 

    (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

 

    (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

 

    (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. 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

 

       (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


Table of Contents
8.

Internal Controls

 

8.1.

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

 

Period

  

Date of Report

  

Assessment

  

Material
Deficiencies

  

Corrective Action
Plans

January 1 to

December 31,

2026

           

January 1 to

December 31,

2025

  

March 5, 2026 (Audit Committee)

March 5, 2026 (Board of Directors)

March 26, 2026 (General Meeting of Shareholders)

   In terms of overall materiality, the internal accounting management system is under effective design and operation.      

January 1 to

December 31,

2024

  

March 4, 2025 (Audit Committee)

March 4, 2025 (Board of Directors)

March 26, 2025 (General Meeting of Shareholders)

   In terms of overall materiality, the internal accounting management system is under effective design and operation.      

 

8.2.

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

 

Period

  

Date of Report

  

Assessment

  

Material
Deficiencies

  

Corrective Action
Plans

January 1 to

December 31,

2026

           

January 1 to

December 31,

2025

   March 5, 2026    In terms of overall materiality, the internal accounting management system is under effective design and operation.      

January 1 to

December 31,

2024

   March 4, 2025    In terms of overall materiality, the internal accounting management system is under effective design and operation.      

 

8.3.

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

 

Period

  

Auditor

  

Audit or Review

  

Opinion Type

  

Issues

  

Company’s
Response Actions

January 1 to

December 31,

2026

   Samil PricewaterhouseCoopers            

January 1 to

December 31,

2025

   Samil PricewaterhouseCoopers    Audit    Unqualified      

January 1 to

December 31,

2024

   Samil PricewaterhouseCoopers    Audit    Unqualified      


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: August 14, 2026     By:   /s/ Sang Rok Na
    (Signature)
    Name:   Sang Rok Na
    Title:   Senior Managing Director and Chief Financial Officer