[6-K] KB Financial Group Inc Current Report (Foreign Issuer)

Q: What were KB Financial Group's consolidated net income and EPS for H1 2025 (KB)?

Consolidated net income for January 1–June 30, 2025 was 3,435,693 million Won and consolidated basic earnings per share were 9,031 Won .

Q: What capital and liquidity metrics did KB report for June 30, 2025 (KB)?

As of June 30, 2025 consolidated total capital was 57,957 billion Won with a BIS ratio of 16.36% (preliminary).

Q: What dividend and buyback actions did KB disclose for 2025 (KB)?

KB reported total cash dividends of 669,358 million Won in H1 2025 (cash dividend per common share 1,832 Won ) and the board resolved on July 24, 2025 to acquire and cancel 660 billion Won of treasury shares (5,724,197 shares).

Q: Did KB report higher credit provisions in H1 2025 (KB)?

Yes. Provision for credit losses in H1 2025 was 1,310,708 million Won , up from 981,088 million Won in the prior period.

Q: How concentrated are KB's loan exposures by industry and borrowers (KB)?

Kookmin Bank's loan mix shows real estate activities 26.5% and manufacturing 26.3% of total credit; the top-20 borrower exposures sum to 19,693 billion Won .

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

KB Financial Group reported solid first-half 2025 results on a consolidated K-IFRS basis with net income of 3,435,693 million Won for the period and basic EPS of 9,031 Won. Profitability improved versus 2024 with a reported ROA of 0.90% and ROE of 11.86%, driven by stable net interest income of 6,368,691 million Won, higher net gains on financial assets at fair value through profit or loss (2,112,363 million Won) and insurance results.

Capital and liquidity remain strong: consolidated total capital was 57,957 billion Won with a BIS ratio of 16.36% (preliminary). The Group disclosed an active shareholder-return framework including quarterly cash dividends (total cash dividends of 669,358 million Won in H1 2025 and cash dividend per common share of 1,832 Won) and a board resolution to acquire and cancel 660 billion Won of treasury shares (5,724,197 shares) between July 24, 2025 and January 9, 2026. Credit metrics show higher provisions (provision for credit losses 1,310,708 million Won in H1 2025 versus 981,088 million Won prior year) and material loan concentration by industry and large corporate exposures (top-20 exposures total 19,693 billion Won).

KB Financial Group ha riportato solidi risultati nel primo semestre 2025 su base consolidata K-IFRS: utile netto di 3,435,693 million Won nel periodo e utile base per azione (basic EPS) di 9,031 Won. La redditività è migliorata rispetto al 2024, con un ROA del 0.90% e un ROE del 11.86%, sostenuta da un saldo stabile del prodotto netto di interessi di 6,368,691 million Won, maggiori utili netti su attività finanziarie valutate al fair value con impatto a conto economico (2,112,363 million Won) e dai risultati del comparto assicurativo.
Capitale e liquidità restano solidi: il capitale consolidato totale era di 57,957 billion Won con un indice BIS del 16.36% (preliminare). Il Gruppo ha presentato un approccio attivo alla remunerazione degli azionisti, comprensivo di dividendi in contanti trimestrali (dividendi in contanti totali pari a 669,358 million Won nel primo semestre 2025 e dividendo in contanti per azione ordinaria di 1,832 Won) e di una delibera del consiglio per acquistare e annullare 660 billion Won di azioni proprie (5,724,197 azioni) tra il 24 luglio 2025 e il 9 gennaio 2026. Le metriche creditizie mostrano accantonamenti più elevati (accantonamento per perdite su crediti 1,310,708 million Won nel primo semestre 2025 vs 981,088 million Won l'anno precedente) e una significativa concentrazione dei prestiti per settore e verso grandi imprese (le prime 20 esposizioni totalizzano 19,693 billion Won).

KB Financial Group presentó sólidos resultados en el primer semestre de 2025 sobre base consolidada K-IFRS: resultado neto de 3,435,693 million Won en el período y beneficio básico por acción (basic EPS) de 9,031 Won. La rentabilidad mejoró respecto a 2024, con un ROA del 0.90% y un ROE del 11.86%, impulsada por unos ingresos netos por intereses estables de 6,368,691 million Won, mayores ganancias netas en activos financieros a valor razonable con impacto en resultados (2,112,363 million Won) y los resultados del negocio asegurador.
El capital y la liquidez se mantienen fuertes: el capital total consolidado fue de 57,957 billion Won con una ratio BIS del 16.36% (preliminar). El Grupo comunicó un marco activo de retorno al accionista que incluye dividendos en efectivo trimestrales (dividendos en efectivo totales de 669,358 million Won en el 1S 2025 y dividendo en efectivo por acción ordinaria de 1,832 Won) y una resolución del consejo para adquirir y cancelar 660 billion Won en acciones propias (5,724,197 acciones) entre el 24 de julio de 2025 y el 9 de enero de 2026. Las métricas crediticias muestran mayores provisiones (provisión para pérdidas de crédito de 1,310,708 million Won en el 1S 2025 frente a 981,088 million Won el año anterior) y una concentración significativa de préstamos por industria y grandes exposiciones corporativas (las 20 mayores exposiciones suman 19,693 billion Won).

KB Financial Group는 연결 K-IFRS 기준으로 2025년 상반기에 견조한 실적을 발표했습니다. 해당 기간 순이익은 3,435,693 million Won, 기본주당순이익(basic EPS)은 9,031 Won입니다. 2024년 대비 수익성이 개선되어 보고된 ROA는 0.90%, ROE는 11.86%를 기록했으며, 이는 안정적인 순이자이익 6,368,691 million Won, 공정가치평가(손익인식) 금융자산의 순이익 증가(2,112,363 million Won) 및 보험부문 실적에 기인합니다.
자본 및 유동성은 견조합니다: 연결 총자본은 57,957 billion Won, BIS 비율은 16.36%(예비)였습니다. 그룹은 분기별 현금배당을 포함한 적극적인 주주환원 정책을 공개했으며(2025년 상반기 총 현금배당 669,358 million Won, 보통주 주당 현금배당 1,832 Won) 이사회는 2025년 7월 24일부터 2026년 1월 9일 사이에 660 billion Won 규모의 자사주(5,724,197주)를 취득·소각하기로 결의했습니다. 신용지표는 대손충당금 증가를 보였습니다(2025년 상반기 대손충당금 1,310,708 million Won vs 전년 981,088 million Won) 및 업종과 대기업에 대한 대출 집중(상위 20대 익스포저 합계 19,693 billion Won)의 존재를 보여줍니다.

KB Financial Group a publié des résultats solides pour le premier semestre 2025 sur une base consolidée K-IFRS : résultat net de 3,435,693 million Won pour la période et bénéfice de base par action (basic EPS) de 9,031 Won. La rentabilité s'est améliorée par rapport à 2024 avec un ROA déclaré de 0.90% et un ROE de 11.86%, soutenus par un produit net d'intérêts stable de 6,368,691 million Won, des plus-values nettes sur actifs financiers à la juste valeur par résultat accrues (2,112,363 million Won) et les résultats du secteur assurance.
Les capitaux et la liquidité restent solides : les capitaux totaux consolidés s'élevaient à 57,957 billion Won avec un ratio BIS de 16.36% (préliminaire). Le Groupe a présenté un cadre actif de retour aux actionnaires incluant des dividendes en numéraire trimestriels (dividendes en numéraire totaux de 669,358 million Won au S1 2025 et dividende en numéraire par action ordinaire de 1,832 Won) et une résolution du conseil pour racheter et annuler 660 billion Won d'actions propres (5,724,197 actions) entre le 24 juillet 2025 et le 9 janvier 2026. Les indicateurs de crédit montrent des provisions plus élevées (provision pour pertes sur prêts de 1,310,708 million Won au S1 2025 vs 981,088 million Won l'année précédente) et une concentration matérielle des prêts par secteur et sur de grandes expositions corporates (les 20 principales expositions totalisent 19,693 billion Won).

KB Financial Group meldete solide Ergebnisse für das erste Halbjahr 2025 auf konsolidierter K-IFRS-Basis: ein Periodenüberschuss von 3,435,693 million Won und ein Basic EPS von 9,031 Won. Die Profitabilität verbesserte sich gegenüber 2024 mit einer ausgewiesenen ROA von 0.90% und einer ROE von 11.86%, getragen von stabilem Nettozinsertrag in Höhe von 6,368,691 million Won, höheren Nettoerträgen aus zum beizulegenden Zeitwert bewerteten Finanzanlagen (Ergebnis: 2,112,363 million Won) sowie positiven Versicherungsergebnissen.
Kapitalausstattung und Liquidität bleiben stark: Das konsolidierte Gesamtkapital betrug 57,957 billion Won bei einer vorläufigen BIS-Quote von 16.36%. Die Gruppe legte einen aktiven Aktionärsrückführungsrahmen dar, einschließlich vierteljährlicher Bardividenden (insgesamt 669,358 million Won im H1 2025 und Bardividende je Stammaktie 1,832 Won) sowie einen Vorstandsbeschluss zum Ankauf und zur Vernichtung von 660 billion Won an eigenen Aktien (5,724,197 Aktien) zwischen dem 24. Juli 2025 und dem 9. Januar 2026. Die Kreditkennzahlen zeigen höhere Rückstellungen (Rückstellung für Kreditverluste 1,310,708 million Won im H1 2025 vs. 981,088 million Won im Vorjahr) sowie eine deutliche Kreditkonzentration nach Branche und bei Großkunden (Top-20-Exposures insgesamt 19,693 billion Won).

Positive

Improved profitability: Consolidated net income of 3,435,693 million Won with ROE of 11.86% and ROA of 0.90%.

Strong capital position: Total capital of 57,957 billion Won and BIS ratio of 16.36% (preliminary).

Investor returns policy and execution: Total cash dividends in H1 2025 of 669,358 million Won, cash dividend per share 1,832 Won, and a board-approved trust buyback of 660 billion Won to be canceled.

Higher trading and market gains: Net gains on financial assets/liabilities at FVTPL of 2,112,363 million Won in H1 2025, supporting operating performance.

Negative

Rising credit costs: Provision for credit losses increased to 1,310,708 million Won in H1 2025 from 981,088 million Won in the prior period.

Compositional credit risk: Large borrower and group concentrations — top-20 borrower exposures total 19,693 billion Won and chaebol exposures total 34,046 billion Won — with notable real-estate and manufacturing shares.

Volatility in OCI: Consolidated accumulated other comprehensive income swung to a loss of 276,887 million Won, reflecting market-value and currency translation impacts.

Net operating profit slight decline: Net operating profit of 4,425,999 million Won in H1 2025 versus 4,648,307 million Won prior, indicating modest operating pressure.

Insights

TL;DR: Profitability and capital metrics improved; shareholder return plan and buyback are investor-positive.
KB Financial Group delivered stronger profitability metrics in H1 2025 with consolidated net income of 3,435,693 million Won, ROE of 11.86% and ROA of 0.90%, indicating improved returns on equity and assets versus 2024. Net interest income held steady at 6,368,691 million Won while trading and fair-value gains rose meaningfully to 2,112,363 million Won, supporting operating profit. Capital adequacy is robust with consolidated total capital of 57,957 billion Won and a BIS ratio of 16.36% (preliminary), enabling the Group's two-phase shareholder return policy combining quarterly dividends and buybacks. The announced trust buyback of 660 billion Won for cancellation is a material capital-deployment action supporting per-share metrics.

TL;DR: Capital is strong but rising provisions and sector concentrations warrant monitoring.
While capital and liquidity indicators are healthy, credit-related developments merit attention. Provision for credit losses increased to 1,310,708 million Won in H1 2025 from 981,088 million Won a year earlier, reflecting elevated credit cost recognition. Kookmin Bank shows significant sector and large-exposure concentrations: the top-20 borrower exposures total 19,693 billion Won and chaebol-group exposures aggregate 34,046 billion Won; real-estate-related credit and manufacturing each represent roughly a quarter of loan portfolios by industry. The Group also recorded a swing in accumulated other comprehensive income to a loss of 276,887 million Won on the consolidated balance sheet, indicating market-value volatility in available-for-sale or FVOCI positions. These factors temper the otherwise constructive capital and profitability picture.

08/14/2025 - 06:04 AM

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

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

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number: 000-53445

KB Financial Group Inc.

(Translation of registrant’s name into English)

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

(Address of principal executive office)

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

Form 20-F ☒ Form 40-F ☐

Table of Contents

Index

1. Summary of the 2025 First Half Business Report

2. Exhibit 99.1 KB Financial Group Review Report for the First Half of 2025 (Consolidated)

3. Exhibit 99.2 KB Financial Group Review Report for the First Half of 2025 (Separate)

Table of Contents

TABLE OF CONTENTS

1.
Introduction to the Company

1.1.
Business Purpose

1.2.
History

1.3.
Overview of the Business Group

1.4.
Capital Structure

1.5.
Dividends

1.6.
Amendments to the Articles of Incorporation

2.
Business

2.1.
Results of Operations

2.2.
Sources and Uses of Funds

2.3.
Other Information to Consider in Making an Investment Decision

3.
Financial Information

3.1.
Consolidated Financial Information

3.2.
Separate Financial Information

3.3.
Other Selected Financial Data

3.4.
Other Financial Information

4.
Independent Public Accountants

4.1.
Audit/ Review Services

4.2.
Public Company Accounting Oversight Board (“PCAOB”) Audit Services

4.3.
Change in Auditor

5.
Corporate Governance and Affiliated Companies

5.1.
Board of Directors & Committees under the Board

5.2.
Audit Committee

5.3.
Compensation to Directors

5.4.
Top 5 Highest-Paid Individuals

5.5.
Stock-based Compensation

5.6.
Affiliated Companies

6.
Directors, Senior Management and Employees

6.1.
Executive Directors

6.2.
Non-standing Directors

6.3.
Non-executive Directors

6.4.
Senior Management

6.5.
Employees

7.
Major Shareholders and Related Party Transactions

7.1.
Major Shareholders

7.2.
Changes in the Largest Shareholder

7.3.
Employee Stock Ownership Association

7.4.
Investments in Affiliated Companies

7.5.
Related Party Transactions

Table of Contents

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

Table of Contents

Summary of 2025 First Half Business Report

On August 14, 2025, KB Financial Group Inc. (“KB Financial Group,” the “Company” or the “Group”) filed its business report for the first half of 2025 (the “Business Report”) with the Financial Services Commission of Korea and the Korea Exchange. This is a summary of the Business Report translated into English.

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

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

Table of Contents

1. Introduction to the Company

1.1. Business Purpose

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

1.2. History

•
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

Table of Contents

•
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.)

Table of Contents

•
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.

Table of Contents

•
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

1.3. Overview of the Business Group

         (As of June 30, 2025)

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

2nd Tier Subsidiaries
   PT Bank KB Bukopin Tbk.    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)

Table of Contents

         (As of June 30, 2025)

Type

Name of Company

Controlling Company

Remarks

   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-SP Private Equity Fund IV.⁽¹⁾    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 JOINT STOCK COMPANY    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⁽²⁾    KB Securities    Not listed

   KB-IMM New Star Real Estate Private Fund II⁽³⁾    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    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

   KB Golden Life Care Co., Ltd.    KB Life Insurance    Not listed

   KB Asset Management Singapore Pte. Ltd.    KB Asset Management
Not listed

(Overseas)

   KBAM Shanghai Advisory Services Co., 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

Table of Contents

         (As of June 30, 2025)

Type

Name of Company

Controlling Company

Remarks

   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 Bukopin Finance    PT Bank KB Bukopin Tbk.
Not listed

(Overseas)

   PT Bank Syariah Bukopin    PT Bank KB Bukopin 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)

Notes:
(1) KB-SP Private Equity Fund IV is scheduled to be liquidated on July 25, 2025.

(2) KB-Novus Genesis Private Equity Fund was established on May 15, 2025, and was incorporated as a subsidiary of KB Securities.

(3) KB-IMM New Star Real Estate Private Fund II was established on June 24, 2025, and was incorporated as a subsidiary of KB Securities.

1.4. Capital Structure

1.4.1. Common Shares

Changes in Capital

(As of June 30, 2025)       (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⁾

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.

Table of Contents

Number of Shares

(As of June 30, 2025)    (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)
   36,649,434 —    36,649,434 —

1. Capital Reduction
   — —    — —

2. Cancellation
   36,649,434 —    36,649,434
Cancellation of
Treasury Shares

3. Redemption
   — —    — —

4. Other
   — —    — —

Shares Issued as of June 30, 2025 (C=A-B)
   381,462,103 —    381,462,103 —

Treasury Shares(D)
   17,310,128 —    17,310,128 —

Shares Outstanding (C—D)
   364,151,975 —    364,151,975 —

Treasury Share Holding Ratio
   4.5 % —    4.5 % —

Notes:
(1) On July 24, 2025, 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 entered into a trust agreement with Hana Securities Co., Ltd. for the acquisition of Won 660 billion worth of treasury shares (5,724,197 shares) between July 24, 2025 and January 9, 2026, which will subsequently be canceled. The cancelled shares 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, 2025)       (Unit: shares)

Items
      Number of Shares    Notes

Total number of issued shares
   Common shares    381,462,103    —

   Preferred shares    —    —

Shares without voting rights
   Common shares    17,310,128

   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    364,151,975    —

   Preferred shares    —    —

Notes:
(1) On July 23, 2024, 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 August 27, 2024, and completed such acquisition on November 5, 2024, acquiring a total of 4,575,874 treasury shares. Following the termination of the trust agreement for the acquisition of the shares on March 4, 2025, the Company canceled the acquired treasury shares on May 15, 2025. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on March 4, 2025.

(2) On October 24, 2024, 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 November 29, 2024, and completed such acquisition on December 17, 2024, acquiring a total of 1,089,097 treasury shares. Following the termination of the trust agreement for the acquisition of the shares on April 30, 2025, the Company canceled the acquired treasury shares on May 15, 2025. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on April 30, 2025.

(3) On February 5, 2025, 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, 2025, and completed such acquisition on April 14, 2024, acquiring a total of 6,401,349 treasury shares. The Company canceled the acquired treasury shares on May 15, 2025. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on April 14, 2025.

(4) On April 24, 2025, 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 28, 2025, and completed such acquisition on June 30, 2025, acquiring a total of 3,047,395 treasury shares. The shares are expected to be canceled on January 15, 2026. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on June 30, 2025.

Table of Contents

1.5. Dividends

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

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

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

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

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

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

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

Items
      January 1, 2025 to
June 30, 2025⁽¹⁾    January 1, 2024 to
December 31, 2024⁽²⁾    January 1, 2023 to
December 31, 2023⁽³⁾

Par value per share (Won)
      5,000    5,000    5,000

(Consolidated) Net income
      3,435,693    5,078,221    4,631,932

(Consolidated) Earnings per share (Won)
      9,031    12,880    11,483

Total cash dividends
      669,358    1,198,257    1,173,937

Total stock dividends
      —    —    —

(Consolidated) Cash dividend payout ratio (%)
      19.5    23.6    25.3

Cash dividend yield (%)
   Common shares    1.6    3.5    4.9

   —    —    —    —

Stock dividend yield (%)
   Common shares    —    —    —

   —    —    —    —

Cash dividend per share (Won)
   Common shares    1,832    3,174    3,060

   —    —    —    —

Stock dividend per share
   Common shares    —    —    —

   —    —    —    —

Table of Contents

Notes:
(1) Includes a quarterly dividend amount of Won 334,339 million (Won 912 per common share) in the first quarter of fiscal year 2025, and an expected quarterly dividend amount of Won 335,020 million (Won 920 per common share) in the second quarter of fiscal year 2025

(2) 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.

(3) Includes a quarterly dividend amount of Won 195,967 million (Won 510 per common share) in the first quarter of fiscal year 2023, a quarterly dividend amount of Won 195,967 million (Won 510 per common share) in the second quarter of fiscal year 2023, a quarterly dividend amount of Won 194,998 million (Won 510 per common share) in the third quarter of fiscal year 2023, and an annual dividend amount of Won 587,006 million (Won 1,530 per common share) for fiscal year 2023.

Table of Contents

1.6. Amendments to the Articles of Incorporation

The Company’s Articles of Incorporation were most recently amended on March 26, 2025.

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 and the establishment of an internal control committee within the Board of Directors, and (ii) 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 and the establishment of a basis for determining the record date for quarterly dividends through a resolution of the Board of Directors, each in accordance with amendments to the Financial Investment Services and Capital Markets Act.

Table of Contents

2. Business

2.1. Results of Operations

         (Unit: in millions of Won)

   For the six months ended
June 30, 2025    For the six months ended
June 30, 2024    For the year ended
December 31, 2024    For the year ended
December 31, 2023

Net interest income
   6,368,691    6,396,238    12,826,714    12,180,860

Interest income
   14,739,574    15,224,888    30,491,385    29,142,024

Interest expense
   (8,370,883 )    (8,828,650 )    (17,664,671 )    (16,961,164 )

Net fee and commission income
   1,965,984    1,909,728    3,849,627    3,673,524

Fee and commission income
   2,777,199    2,726,904    5,481,843    5,368,074

Fee and commission expense
   (811,215 )    (817,176 )    (1,632,216 )    (1,694,550 )

Insurance service result
   849,889    1,035,068    1,649,761    1,446,852

Insurance income
   6,144,414    5,577,528    11,456,191    11,005,471

Insurance expense
   (5,294,525 )    (4,542,460 )    (9,806,430 )    (9,558,619 )

Net gains on financial assets/liabilities at fair value through profit or loss
   2,112,363    570,710    1,012,081    2,163,065

Other insurance finance income
   (413,291 )    (369,654 )    (437,001 )    (572,476 )

Net other operating expenses
   (1,791,668 )    (690,568 )    (1,873,011 )    (2,712,989 )

General and administrative expenses
   (3,355,261 )    (3,222,127 )    (6,938,624 )    (6,647,406 )

Operating profit before provision for credit losses
   5,736,707    5,629,395    10,089,547    9,531,430

Provision for credit losses
   (1,310,708 )    (981,088 )    (2,044,286 )    (3,146,409 )

Net operating profit
   4,425,999    4,648,307    8,045,261    6,385,021

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

(2) KB Financial Group’s results of operations for the six months ended June 30, 2024 and the year ended December 31, 2023 above have been adjusted retroactively to reflect the Financial Supervisory Service’s responses to certain accounting inquiries regarding the application of K-IFRS 1117 (Insurance Contracts).

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, 2025    For the year ended
December 31, 2024    For the year ended
December 31, 2023

   Average
Balance    Interest Rate
(%)    Ratio
(%)    Average
Balance    Interest Rate
(%)    Ratio
(%)    Average
Balance    Interest Rate
(%)    Ratio
(%)

Won Currency

Deposits
   371,103,809    2.21    48.66    359,346,604    2.45    48.87    337,478,959    2.53    48.52


Certificate of deposit
   10,501,996    3.19    1.38    11,148,293    3.84    1.52    10,417,992    4.07    1.50


Borrowings
   34,329,771    2.91    4.50    32,774,664    3.47    4.46    32,807,456    3.38    4.72


Call money
   2,076,514    2.78    0.27    1,747,858    3.43    0.24    1,384,033    3.52    0.20


Debentures
   60,186,378    3.66    7.89    58,497,966    3.67    7.96    56,245,329    3.34    8.09


Others
   27,065,443    3.47    3.56    24,034,767    4.09    3.26    21,767,083    4.49    3.13



















Subtotal
   505,263,911    2.52    66.26    487,550,152    2.78    66.31    460,100,852    2.82    66.16



















Foreign Currency

Deposits
   40,608,957    3.53    5.32    37,798,747    4.12    5.14    35,675,306    3.97    5.13


Borrowings
   17,928,850    3.94    2.35    18,638,964    4.60    2.54    21,094,988    4.3    3.03


Call money
   2,207,707    4.53    0.29    1,796,999    5.16    0.24    1,348,423    4.76    0.19


Debentures
   15,621,273    3.07    2.05    14,573,073    3.29    1.98    12,884,157    3.31    1.85


Others
   1,599,440    4.03    0.21    1,166,042    4.38    0.16    1,067,253    3.51    0.15



















Subtotal
   77,966,227    3.57    10.22    73,973,825    4.11    10.06    72,070,127    3.96    10.35



















Others

Total shareholders’ equity
   59,899,108    —    7.85    59,062,845    —    8.03    56,740,649    —    8.16


Allowances
   982,431    —    0.13    1,530,852    —    0.21    1,055,315    —    0.15


Others
   118,520,666    —    15.54    113,145,013    —    15.39    105,610,633    —    15.18



















Subtotal
   179,402,205    —    23.52    173,738,710    —    23.63    163,406,597    —    23.49



















Total
      762,632,343    —    100.00    735,262,687    —    100.00    695,577,576    —    100.00



















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

(2) The figures for the year ended December 31, 2023 above have been adjusted retroactively to reflect the Financial Supervisory Service’s responses to certain accounting inquiries regarding the application of K-IFRS 1117 (Insurance Contracts).

Table of Contents

2.2.2.
Uses of Funds

            (Unit: in millions of Won)

      For the six months ended
June 30, 2025 For the year ended
December 31, 2024 For the year ended
December 31, 2023

   Average
Balance Interest Rate
(%)    Ratio
(%) Average
Balance Interest Rate
(%)    Ratio
(%) Average
Balance Interest Rate
(%)    Ratio
(%)

Won Currency

Due from banks
   14,638,616 0.73    1.92 15,397,433 0.83    2.09 14,595,696 1.04    2.10


Securities
   187,426,753 3.30    24.58 180,330,525 3.22    24.53 166,163,329 3.27    23.89


Loans
   406,152,876 4.34    53.26 390,097,807 4.67    53.06 369,004,854 4.82    53.05


Guarantee payments under payment guarantee
   8,256 2.06    — 5,835 0.99    — 5,114 0.81    —


Call loan
   176,570 2.85    0.02 264,716 3.56    0.04 286,735 3.62    0.04


Private placement corporate bonds
   1,265,015 7.26    0.17 1,127,090 5.79    0.15 1,161,338 3.08    0.17


Credit cards
   23,359,482 8.03    3.06 23,320,536 8.12    3.17 22,738,818 7.95    3.27


Others
   4,683,109 15.61    0.61 3,829,387 17.76    0.53 3,235,831 18.40    0.47


Allowance
   (4,301,022 ) —    (0.56 ) (4,193,334 ) —    (0.57 ) (3,559,486 ) —    (0.51 )









Subtotal
      633,409,655 4.20    83.06 610,179,995 4.39    83.00 573,632,229 4.51    82.48









Foreign Currency

Due from banks
   10,520,498 2.52    1.38 9,494,397 2.92    1.29 8,868,559 2.39    1.27


Securities
   24,320,779 5.54    3.19 23,085,246 5.60    3.14 22,373,470 4.81    3.22


Loans
   37,583,431 7.12    4.93 37,007,504 7.60    5.03 36,723,273 7.48    5.28


Call loan
   6,953,995 4.40    0.91 6,018,342 5.33    0.82 6,393,291 5.19    0.92


Bills bought
   1,787,530 4.92    0.23 1,979,563 5.52    0.27 2,047,390 5.58    0.29


Allowance
   (1,640,996 ) —    (0.22 ) (1,515,396 ) —    (0.21 ) (1,319,579 ) —    (0.19 )


Others
   2,637,746 —    0.35 2,346,259 —    0.32 2,742,464 —    0.39









Subtotal
      82,162,983 5.79    10.77 78,415,915 6.23    10.66 77,828,868 5.84    11.18









Others

Cash
   1,483,141 —    0.19 1,576,791 —    0.21 1,681,170 —    0.24


Fixed assets held for business
   9,283,478 —    1.22 9,391,370 —    1.28 8,788,637 —    1.26


Others
   36,293,086 —    4.76 35,698,616 —    4.85 33,646,672 —    4.84









Subtotal
   47,059,705 —    6.17 46,666,777 —    6.34 44,116,479 —    6.34









Total
   762,632,343 —    100.00 735,262,687 —    100.00 695,577,576 —    100.00









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

(2) The figures for the year ended December 31, 2023 above have been adjusted retroactively to reflect the Financial Supervisory Service’s responses to certain accounting inquiries regarding the application of K-IFRS 1117 (Insurance Contracts).

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, 2025 As of December 31, 2024 As of December 31, 2023

Total capital (A)
   57,957 46,849 53,744

Risk-weighted assets (B)
   354,230 345,981 321,319

BIS ratio (A/B)
   16.36 % 16.43 % 16.73 %

Notes:
(1) Calculated in accordance with Basel III.

(2) The figures as of June 30, 2025 are preliminary.

Kookmin Bank    (Unit: in billions of Won, except percentages)

   As of June 30, 2025    As of December 31, 2024    As of December 31, 2023

Total capital (A)
   42,345    40,574    39,040

Risk-weighted assets (B)
   236,754    234,436    215,962

BIS ratio (A/B)
   17.89    17.31    18.08

Notes:
(1) Calculated in accordance with Basel III.

(2) The figures as of June 30, 2025 are preliminary.

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

   As of June 30, 2025 As of December 31, 2024 As of December 31, 2023

Net operating capital (A)
   5,447 5,397 5,058

Total amount at risk (B)
   3,006 3,176 2,934

Maintenance equity margin (C)
   135 134 134

Net capital ratio (A-B)/(C)
   1,808.75 % 1,654.45 % 1,582.09 %

Capital surplus (A-B)
   2,440 2,221 2,124

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

   As of June 30, 2025 As of December 31, 2024 As of December 31, 2023

Available capital (A)
   12,153 11,319 11,669

Required capital (B)
   6,349 6,072 5,404

Capital Adequacy ratio (A/B)⁽²⁾
   191.43 % 186.42 % 215.94 %

Notes:
(1) The figures as of June 30, 2025 are preliminary.

(2) Since 2023, the capital adequacy system has changed from the Risk-Based Capital (“RBC”) system to the Korean Insurance Capital Standard (“K-ICS”) system. Key changes include a shift in the valuation basis for insurance liabilities from a cost-based to a market-based approach, an increase in the confidence level for required capital measurement to 99.5%, and the adoption of a shock scenario approach in addition to the existing risk factor approach.

2.3.2. Overseas Credit Ratings

         (As of June 30, 2025)

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)

1/27/2022    Contingent Convertible Bonds    AA-    Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D)

1/28/2022    Contingent Convertible Bonds    AA-    NICE Investors Service (AAA ~ D)

4/29/2022    Contingent Convertible Bonds    AA-
Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

6/2/2022    Debentures    AAA
Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

6/20/2022    Commercial Paper    A1
Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) /

NICE Investors Service (A1 ~ D)

8/16/2022    Contingent Convertible Bonds    AA-
Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /

NICE Investors Service (AAA ~ D)

2/3/2023    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)

Table of Contents

2.3.4.
Early Retirement Program

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

Subsidiary
   Date of Retirement    Number of Retired Persons

Kookmin Bank
   January 28, 2019    615

   January 20, 2020    462

   January 30, 2021    800

   January 21, 2022    674

   January 18, 2023    713

   January 19, 2024    674

   January 18, 2025    647

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 2025 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, high levels of inflation as a result of increased tariffs, lower consumer confidence, stock market and real estate market volatility, rising loan delinquency rates in Korea and changes in fiscal and monetary policies, 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 war between Russia and Ukraine, and accelerating de-globalization trends.

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, 2025 As of December 31, 2024

Cash and due from financial institutions
   34,118,314 29,869,111

Financial assets at fair value through profit or loss
   88,393,886 79,450,093

Derivative financial assets
   6,922,873 11,730,767

Loans measured at amortized cost
   478,247,445 472,071,840

Financial investments
   130,061,191 131,009,464

Investments in associates and joint ventures
   945,501 947,390

Insurance assets
   347,273 276,191

Reinsurance assets
   1,528,005 1,497,147

Property and equipment
   5,179,524 5,390,015

Investment property
   3,215,232 3,759,176

Intangible assets
   1,817,654 1,966,684

Net defined benefit assets
   290,125 258,500

Current income tax assets
   344,131 339,855

Deferred income tax assets
   167,555 278,824

Assets held for sale
   279,873 136,838

Assets of a disposal group held for sale
   — —

Other assets
   28,764,082 18,863,637

Total assets
   780,622,664 757,845,532

Financial liabilities at fair value through profit or loss
   10,286,282 10,720,231

Derivative financial liabilities
   6,332,298 11,783,494

Deposits
   442,086,824 435,687,897

Borrowings
   69,921,065 68,077,012

Debentures
   74,120,211 76,171,257

Insurance contract liabilities
   58,839,867 55,863,701

Reinsurance contract liabilities
   63,334 56,266

Provisions
   919,400 927,632

Net defined benefit liabilities
   97,076 100,187

Current income tax liabilities
   477,380 530,720

Deferred income tax liabilities
   1,750,181 1,682,292

Other liabilities
   54,774,797 36,429,662



Total liabilities
   719,668,715 698,030,351



Equity attributable to shareholders of the parent company
   59,069,434 57,888,952

Share capital
   2,090,558 2,090,558

Hybrid securities
   5,162,483 5,082,578

Capital surplus
   16,645,909 16,646,734

Accumulated other comprehensive income (loss)
   (276,887 ) 496,922

Retained earnings
   36,688,909 34,808,220

Treasury shares
   (1,241,538 ) (1,236,060 )

Non-controlling interests
   1,884,515 1,926,229

Total equity
   60,953,949 59,815,181

Total liabilities and equity
   780,622,664 757,845,532



Number of companies included as a consolidated entity
   356 347



Table of Contents

3.1.2.
Consolidated Statements of Comprehensive Income

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

First Half of 2025 First Half of 2024

Second Quarter Cumulative Second Quarter Cumulative

Net interest income
3,106,526 6,368,691 3,226,353 6,396,238

Interest income
7,284,633 14,739,574 7,611,315 15,224,888

Interest income from financial instruments at fair value through other comprehensive income and amortized cost
6,922,324 14,005,120 7,243,831 14,472,708

Interest income from financial instruments at fair value through profit or loss
353,152 715,207 359,835 736,588

Insurance finance interest income
9,157 19,247 7,649 15,592

Interest expense
(4,178,107 ) (8,370,883 ) (4,384,962 ) (8,828,650 )

Interest expense
(3,804,895 ) (7,615,529 ) (4,012,831 ) (8,079,357 )

Insurance finance interest expense
(373,212 ) (755,354 ) (372,131 ) (749,293 )

Net fee and commission income
1,031,936 1,965,984 919,635 1,909,728

Fee and commission income
1,446,966 2,777,199 1,330,604 2,726,904

Fee and commission expense
(415,030 ) (811,215 ) (410,969 ) (817,176 )

Net insurance income
412,136 849,889 492,097 1,035,068

Insurance income
3,036,603 6,144,414 2,844,788 5,577,528

Insurance income
2,900,194 5,735,262 2,744,165 5,438,821

Reinsurance income
136,409 409,152 100,623 138,707

Insurance expense
(2,624,467 ) (5,294,525 ) (2,352,691 ) (4,542,460 )

Insurance service expense
(2,396,702 ) (4,860,901 ) (2,128,285 ) (4,103,868 )

Reinsurance expense
(227,765 ) (433,624 ) (224,406 ) (438,592 )

Net gains on financial assets/liabilities at fair value through profit or loss
1,566,145 2,112,363 321,577 570,710

Other insurance finance expenses
(273,721 ) (413,291 ) (224,347 ) (369,654 )

Net other operating expenses
(1,305,244 ) (1,791,668 ) (285,858 ) (690,568 )

General and administrative expenses
(1,749,696 ) (3,355,261 ) (1,593,891 ) (3,222,127 )

Operating income before provision for credit losses
2,788,082 5,736,707 2,855,566 5,629,395

Provision for credit losses
(655,111 ) (1,310,708 ) (552,818 ) (981,088 )

Net operating income
2,132,971 4,425,999 2,302,748 4,648,307

Net non-operating expenses
210,170 223,748 66,983 (880,981 )

Share of loss of associates and joint ventures
4,813 10,261 (694 ) (2,113 )

Net other non-operating expenses
205,357 213,487 67,677 (878,868 )

Profit before income tax expense
2,343,141 4,649,747 2,369,731 3,767,326

Income tax expense
(595,561 ) (1,203,045 ) (658,827 ) (1,000,359 )

Profit for the period
1,747,580 3,446,702 1,710,904 2,766,967

Other comprehensive income (loss) for the period, net of tax
123,435 (784,305 ) (711,804 ) (1,449,375 )

Items that will not be reclassified to profit or loss:

Remeasurements of net defined benefit liabilities
6,637 (790 ) 2,756 11,751

Gains (losses) on equity securities at fair value through other comprehensive income
168,860 213,283 (230,369 ) (242,935 )

Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk
(4,862 ) (10,707 ) (2,040 ) (10,883 )

Items that may be reclassified subsequently to profit or loss:

Currency translation differences
(337,087 ) (351,553 ) 119,469 282,414

Gains (losses) on debt securities at fair value through other comprehensive income
(568,282 ) 342,749 559,490 (97,737 )

Share of other comprehensive income (loss) of associates and joint ventures
(2,452 ) (2,328 ) 56 (86 )

Gains (losses) on cash flow hedging instruments
(61,776 ) (30,275 ) 5,615 (31,182 )

Gains (losses) on hedging instruments of net investments in foreign operations
123,470 126,994 (40,016 ) (91,219 )

Insurance finance income (expenses)
798,927 (1,071,678 ) (1,126,765 ) (1,269,498 )

Total comprehensive income for the period
1,871,015 2,662,397 999,100 1,317,592

Profit attributable to:

Shareholders of the parent company
1,738,422 3,435,693 1,732,449 2,774,431

Non-controlling interests
9,158 11,009 (21,545 ) (7,464 )

Total comprehensive income for the period attributable to:

Shareholders of the parent company
1,859,757 2,657,343 1,016,474 1,312,833

Non-controlling interests
11,258 5,054 (17,374 ) 4,759

Earnings per share

Basic earnings per share (Won)
4,603 9,031 4,417 7,023

Diluted earnings per share (Won)
4,565 8,950 4,377 6,934

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, 2025    As of December 31, 2024

Cash and due from financial institutions
   1,275,010    398,391

Financial assets at fair value

through profit or loss
   1,357,402    1,243,471

Loans measured at amortized cost
   359,054    359,054

Investments in subsidiaries
   26,867,817    26,867,817

Property and equipment
   3,523    2,800

Intangible assets
   13,524    14,497

Net defined benefit assets
   2,076    2,902

Deferred income tax assets
   2,566    5,257

Other assets
   946,515    912,634





Total assets
   30,827,487    29,806,823





Borrowings
   200,000    965,000

Debentures
   3,860,326    2,962,032

Current income tax liabilities
   439,467    502,705

Other liabilities
   515,740    388,528





Total liabilities
   5,015,533    4,818,265





Share capital
   2,090,558    2,090,558

Hybrid securities
   5,162,273    5,082,359

Capital surplus
   14,753,574    14,754,475

Accumulated other

comprehensive loss
   (8,291 )    (8,316 )

Retained earnings
   5,055,378    4,305,542

Treasury Shares
   (1,241,538 )    (1,236,060 )





Total equity
   25,811,954    24,988,558





Total liabilities and equity
   30,827,487    29,806,823





Table of Contents

3.2.2. Separate Statements of Comprehensive Income

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

   First Half of 2025    First Half of 2024

   Second Quarter    Cumulative    Second Quarter    Cumulative

Net interest expense
   (19,665 )    (42,829 )    (12,312 )    (26,037 )

Interest income
   10,549    16,076    12,546    22,363

Interest income from financial instruments at amortized cost
   9,533    14,218    11,845    20,960

Interest income from financial instruments at fair value through profit or loss
   1,016    1,858    701    1,403

Interest expense
   (30,214 )    (58,905 )    (24,858 )    (48,400 )

Net fee and commission expense
   (1,553 )    (3,343 )    (2,424 )    (3,566 )

Fee and commission income
   518    990    616    994

Fee and commission expense
   (2,071 )    (4,333 )    (3,040 )    (4,560 )

Net gains (losses) on financial assets at fair value through profit or loss
   22,461    47,912    27,755    43,334

Net other operating income
   —    2,355,586    —    2,243,250

General and administrative expenses
   (28,165 )    (50,333 )    (23,843 )    (48,030 )

Operating profit before provision for credit losses
   (26,922 )    2,306,993    (10,824 )    2,208,951

Provision for credit losses
   (7 )    (6 )    (249 )    (345 )

Operating profit (loss)
   (26,929 )    2,306,987    (11,073 )    2,208,606

Net non-operating income (expense)
   (174 )    (107 )    567    (79 )

Profit (loss) before income tax
   (27,103 )    2,306,880    (10,506 )    2,208,527

Income tax income (expense)
   809    (6,581 )    (2,054 )    1,532

Profit (loss) for the year
   (26,294 )    2,300,299    (12,560 )    2,210,059

Other comprehensive income (loss) for the year, net of tax
   36    25    (11 )    36

Items that will not be reclassified to profit or loss:


Remeasurements of net defined benefit liabilities
   36    25    (11 )    36

Total comprehensive income for the year
   (26,258 )    2,300,324    (12,571 )    2,210,095

Earnings per share


Basic earnings per share (Won)
   (219 )    5,954    (171 )    5,541

Diluted earnings per share (Won)
   (217 )    5,900    (169 )    5,470

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, 2025 As of December 31, 2024 As of December 31, 2023

Current assets in Won (A)
   2,400,929 592,591 656,555

Current liabilities in Won (B)
   655,643 383,862 255,693

Liquidity ratio (A/B)
   366.19 % 154.38 % 256.77 %

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, 2025    For the year ended
December 31, 2024    For the year ended
December 31, 2023

Net income as a percentage of average total assets (ROA)
   0.90    0.68    0.64

Net income as a percentage of average shareholders’ equity (ROE)
   11.86    8.87    8.32

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

3.3.3.
20 Largest Exposures of Kookmin Bank by Borrower (As of June 30, 2025)

   (Unit: in billions of Won)

Company
   Credit Extended

KB Kookmin Card Co., Ltd
   1,357

Samsung Heavy Industries Co., Ltd.
   1,264

E-MART Inc.
   1,232

HD Hyundai Heavy Industries Co., Ltd.
   1,201

SK shieldus Co., Ltd.
   1,186

Samsung SDI Co., Ltd.
   1,149

SK on Co., Ltd.
   1,113

Samsung Electronics Co., Ltd.
   1,000

Construction Guarantee
   978

BANKOFCOMMUNICATION
   963

Hanwha Solutions Corporation
   958

LG Display Co., Ltd.
   947

Strada Holdco L.P.
   917

LS MnM Co., Ltd.
   857

LOTTE CHEMICAL CORPORATION
   804

SK Innovation Co., Ltd.
   791

LG Energy Solution, Ltd.
   784

Samsung Card Co., Ltd.
   753

Shinhan Financial Group Co., Ltd.
   719

Hyundai Samho Heavy Industries Co.,Ltd.
   719



Total
   19,693



Table of Contents

3.3.4.
10 Largest Exposures of Kookmin Bank by Chaebol Group (As of June 30, 2025)

   (Unit: in billions of Won)

Group
   Credit Extended

Samsung
   5,765

SK
   5,338

Hanwha
   4,414

Hyundai Motor
   3,682

HD Hyundai
   3,493

Lotte
   3,439

LG
   2,979

Shinsegae
   1,752

GS
   1,714

LS
   1,470



Total
   34,046



3.3.5.
Kookmin Bank’s Loan Concentration by Industry (As of June 30, 2025)

   (Unit: in billions of Won, except percentages)

Industry
   Total Credit    Percentage of
Total Credit

Manufacturing
   59,743    26.3

Construction
   4,604    2.0

Real estate activities
   60,206    26.5

Wholesale and retail trade
   31,486    13.8

Accommodation and food service activities
   11,725    5.2

Financial activities
   9,920    4.4

Others
   49,786    21.9





Total
   227,469    100.0





Table of Contents

3.3.6. Top 20 Non-Performing Loans of Kookmin Bank (As of June 30, 2025)

      (Unit: in billions of Won)

Borrower

Industry
   Total Credit    Allowance
for Loan Losses

Borrower A
   Real estate activities    192    118

Borrower B
   Construction    37    36

Borrower C
   Real estate activities    35    9

Borrower D
   Manufacturing    16    5

Borrower E
   Real estate activities    15    5

Borrower F
   Real estate activities    15    1

Borrower G
   Wholesale and retail trade    15    12

Borrower H
   Wholesale and retail trade    12    12

Borrower I
   Real estate activities    11    2

Borrower J
   Human health and social work activities    10    5

Borrower K
   Construction    10    10

Borrower L
   Manufacturing    10    5

Borrower M
   Construction    10    10

Borrower N
   Manufacturing    9    9

Borrower O
   Construction    9    0

Borrower P
   Construction    8    4

Borrower Q
   Manufacturing    7    5

Borrower R
   Manufacturing    7    2

Borrower S
   Information and communications    7    1

Borrower T
   Wholesale and retail trade    7    4





—
   —    442    254





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, 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    713    2,860

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

January 1 to December 31, 2023
   Samil PricewaterhouseCoopers    Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting)    1,264    11,675    1,264    11,309

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, 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

January 1 to
December 31, 2023

Samil Pricewaterhouse

Coopers
   PCAOB audit of consolidated financial statements and internal control over financial reporting    May 1, 2023 to

April 30, 2024
   784

4.3.
Change in Auditor

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

Table of Contents

5.
Corporate Governance and Affiliated Companies

5.1.
Board of Directors & Committees under the Board

As of June 30, 2025, 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 Act and how we fulfill each requirement as of June 30, 2025.

The Commercial Act 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)

   Total number of persons    Total compensation approved at shareholders’ meeting    Notes

Registered Directors
(Non-executive directors)
   9 (7)    3,000    —

5.3.2. Total Amount of Compensation Paid

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

Total number of persons⁽¹⁾
   Total payment⁽²⁾⁽³⁾    Average payment per person⁽⁴⁾    Notes

9
   999    117    —

Notes: (1)
Represents the total number of applicable persons as of June 30, 2025.

(2)
Represents the total amount paid (rounded to the nearest million) for the six months ended June 30, 2025.

(3)
Total payment amount in accordance with the Company’s internal policies on compensation to directors.

(4)
Represents (i) the total amount paid (rounded to the nearest million) for the six months ended June 30, 2025, divided by (ii) the number of applicable persons for the applicable reporting period.

5.3.3. Compensation Breakdown

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

   Total number of
persons    Total payment    Average payment
per person    Notes

Registered Directors(excluding non-executive directors and Audit Committee members)
   2    650    423    —

Non-executive Directors (excluding Audit Committee members)
   3    148    49    —

Audit Committee members
   4    202    50    —

Internal Auditor
   —    —    —    —

5.4.
Top 5 Highest-Paid Individuals

5.4.1
Compensation exceeding Won 500 million – Individual basis

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

Name

Position

Total Amount

Deferred Compensation

Jong Hee Yang    Chairman & CEO    650
- Deferred short-term performance-based payment, the amount of which corresponds to a total of 6,521 shares and deferred long-term performance-based payment, the amount of which corresponds to a total of 3,945 shares.

—Long-term performance-based payment (18,516 shares per year), the amount of which will be finalized at a future date pursuant to a performance evaluation over a three-year period from November 21, 2023 to November 20, 2026.

Bong Joong Kwon    Senior Managing Director and Head of the IR Division    621
- Deferred short-term performance-based payment, the amount of which corresponds to a total of 3,162 shares and deferred long-term performance-based payment, the amount of which corresponds to a total of 5,528 shares.

Table of Contents

5.4.2 Calculation criteria and method of compensation

Name

Compensation Type

Total
Compensation
(in millions of
Won)

Calculation Criteria and Method

Jong Hee Yang
   Earned income    Salary    450
- A monthly salary was paid in even installments each month 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 2025 consisted of Won 200 million in short-term performance-based compensation

- The short-term performance-based compensation consisted of Won 200 million paid as an upfront lump sum payment for 2024

- The short-term performance evaluation index for the period after his appointment as the Chairman and CEO consisted of quantitative indicators (including ROE, total operating income, net profit from non-banking businesses, comprehensive NPL ratio, Tier 1 ratio, RORWA, 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 2024 was Won 5,078.2 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.

- With respect to the non-quantitative results, the key achievements that were considered included the shareholder return policy that led the value-up initiative in the financial industry, the stabilization of global operations, the expansion of the Group’s digital platform and the attainment of a differentiated ESG impact.

      Stock options    —
- Not applicable

      Other earned income    —
- Not applicable

   Retirement income    —
- Not applicable

   Other income    —
- Not applicable

Table of Contents

Name

Compensation Type

Total
Compensation
(in millions of
Won)

Calculation Criteria and Method

Bong Joong Kwon
   Earned income    Salary    115
- A monthly salary was paid in even installments each month in accordance with the amount of annual salary determined based on his position and responsibilities pursuant to our internal policy regarding executive officers.

      Bonus    489
- The bonus paid in 2025 consisted of Won 115 million in short-term performance-based compensation and Won 374 million in long-term performance-based compensation.

- The short-term performance-based compensation consisted of Won 115 million paid as an upfront lump sum payment for 2024

- The short-term performance evaluation criteria for 2024 consisted of qualitative indicators linked to key management objectives in his role as Head of Investor Relations, which were comprehensively reviewed by the Evaluation and Compensation Committee. The amount of the short-term incentive payment was determined within a range of 0%-120% of the base salary.

- Key achievements considered for 2024 included executing market-friendly IR and shareholder meeting processes, enhancing market confidence through accurate and transparent disclosures, improving external credit ratings management and supporting management decision-making through timely market feedback.

- The long-term performance-based compensation consisted of Won 374million (4,289 shares) paid as an upfront lump sum payment for the period between 2023 and 2024.

- The long-term performance evaluation criteria consisted of relative total shareholder return (relative TSR), the Group’s performance, and individual performance results. The amount of the long-term incentive payment was determined based on the achievement level of each indicator and was within a range of 0%-100% of the base salary.

- With respect to the long-term performance evaluation, the relative total shareholder return was calculated based on changes in the Group’s share price relative to the average share price of its competitors during the evaluation period, while the Group’s performance and individual performance results were determined based on the arithmetic average of annual performance evaluations.

      Stock options
- Not applicable

      Other earned income    17
- Other employee benefits

   Retirement income
- Not applicable

   Other income
- Not applicable

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).

Table of Contents

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, 2025 For the year ended
December 31, 2024 For the year ended
December 31, 2023 For the year ended
December 31, 2022

Number of Recipients⁽¹⁾⁽²⁾
   12 13 11 13

Number of Performance-Linked Shares Granted⁽²⁾⁽³⁾
   40,267 73,213 97,995 58,317

Number of Performance-Linked Shares Paid During the Period (a+b)⁽⁴⁾
   41,877 69,947 136,045 36,471

a. Number of Shares for Stock-Linked Cash Compensation
   20,406 33,431 63,934 18,234

b. Number of Shares Converted to Restricted Stocks to be Paid on a Deferred Basis
   21,471 36,516 72,111 18,237

Evaluation Adjustment
   (684 ) (4,146 ) (839 ) (1,003 )

Cumulative Number of Performance-Linked Shares Paid (Sum of Stock-Linked Cash Compensation and Restricted Stock Conversion)⁽⁵⁾
   247,869 242,463 216,889 169,382

Number of Unpaid Performance-Linked Shares⁽³⁾⁽⁶⁾
   145,299 147,593 148,473 187,362

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.

Table of Contents

(6)
Represents the number of shares granted at the end of the year minus the actual number of shares paid.

5.5.2.2.
Restricted Stock

         (Unit: Number of shares, except number
of recipients)

   For the six months ended
June 30, 2025    For the year ended
December 31, 2024    For the year ended
December 31, 2023    For the year ended
December 31, 2022

Number of Payment Recipients
   21    26    23    15

Number of Shares Confirmed for Deferral⁽¹⁾
   43,076    64,997    113,124    46,557

Number of Shares Paid⁽¹⁾
   60,626    73,878    66,512    58,434

Cumulative Number of Shares Paid⁽³⁾
   201,016    198,824    188,802    187,020

Number of Unpaid Shares⁽¹⁾
   144,203    161,753    170,634    124,022

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.

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, 2025 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%)

Table of Contents

6.
Directors, Senior Management and Employees

6.1.
Executive Directors

As of June 30, 2025, 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, 2025 are set forth below.

Name
   Date of Birth    Position    Common Shares Owned    End of Term

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

6.2.
Non-standing Directors

As of June 30, 2025, 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, 2025 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, 2025, 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, 2025 were as follows.

Name
   Date of Birth    Position    Common Shares Owned    End of Term

Whajoon Cho
   February 1957    Non-executive Director    —    March 25, 2026

Jungsung Yeo
   April 1960    Non-executive Director    —    March 25, 2026

Jaehong Choi
   August 1962    Non-executive Director    —    March 25, 2026

Eun Young Chah
   October 1962    Non-executive Director    —    March 25, 2027

Myong-Hwal Lee
   May 1964    Non-executive Director    —    March 21, 2026

Sung—Yong Kim
   March 1966    Non-executive Director    —    March 25, 2026

Sun Yeop Kim
   November 1969    Non-executive Director    —    March 25, 2027

Table of Contents

6.4.
Senior Management

Members of our senior management as of June 30, 2025 are as follows.

Name
Date of Birth
Position
Common Shares
Owned⁽¹⁾ End of Term

Jae Keun Lee
May 1966
Senior Executive Vice President and Chief Business Officer of Global
2,119 December 31, 2025

Chang Kwon Lee
November 1965
Senior Executive Vice President and Chief Digital Officer and Chief IT Officer
3,010 December 31, 2025

Dae Hwan Lim
November 1965
Executive Vice President and Chief Compliance Officer
2,334 December 31, 2025

Young June Park
November 1969
Senior Managing Director and Chief Strategy Officer
845 December 31, 2025

Bong Joong Kwon
November 1969
Senior Managing Director and Head of the IR Division
3,363 December 31, 2025

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

Hyo Ik Park
January 1970
Senior Managing Director and Chief Business Officer of Insurance
1,448 December 31, 2025

Shin Dong Jeung
January 1966
Senior Managing Director and Head of KB Research
1,056 December 31, 2025

Dae Hyun Cha
January 1966
Senior Managing Director and Chief Officer of Audit Department
2,266 December 31, 2025

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

Keoung Nam Kim
August 1967
Managing Director and Head of the ESG Division
2,569 December 31, 2025

Sang Rok Na
August 1972
Managing Director and Chief Financial Officer
1,373 December 31, 2025

Hyo Sung Jeon
March 1971
Managing Director and Chief Human Resources Officer
2,073 December 31, 2025

Jin Young Park
September 1972
Chief Public Relation Officer
2,625 December 31, 2025

Young Sei Park
January 1968
Chief Consumer Protection Officer
2,087 December 31, 2025

Young Suh Cho
February 1971
Head of the AI • Digital Division
2,000 December 31, 2025

Sang Won Oh
December 1967
Head of the IT Division
1,270 December 31, 2025

Byoung Jip Kim
April 1980
Head of the Financial AI Center 1
— December 31, 2025

Kyeong Jong Lee
February 1978
Head of the Financial AI Center 2
— December 31, 2025

Hyun Jung Lee
March 1977
Head of the Customer Experience Design Center
415 December 31, 2025

Byoung Ha Choi
September 1972
Head of the Group Architecture Center
548 December 31, 2025

Joo Hyun Kim
November 1970
Head of the Group Cloud Center
357 December 31, 2025

Myoung Hwa Park
December 1969
Head of the Planning & Coordination Department
837 December 31, 2025

Note: (1)
The numbers of common shares owned are as of June 30, 2025 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.

As of June 30, 2025, the following management also served as senior management at our subsidiaries.

Table of Contents

Name

Subsidiary

Position

Appointment Date

Hwan Ju Lee
Kookmin Bank Chief Executive Officer January 2025

Keoung Nam Kim
Kookmin Bank Managing Director, ESG Division January 2025

Jin Young Park
Kookmin Bank Managing Director, Brand & PR Group January 2024

Young Sei Park
Kookmin Bank Senior Executive Vice President, Consumer Protection Group January 2025

Young Suh Cho
Kookmin Bank Senior Executive Vice President, AI/Data Innovation Division January 2025

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

Byoung Jip Kim
Kookmin Bank Managing Director, Head of the Financial AI Center 1 January 2025

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

Joo Hyun Kim
Kookmin Bank Head of the Cloud Platform Department February 2022

Myoung Hwa Park
Kookmin Bank Head of the Planning & Coordination Department January 2025

Young June Park
KB Securities Non-standing Director February 2025

Sang Rock Na
KB Insurance Non-standing Director February 2025

Hyo Sung Jeon
KB Kookmin Card Non-standing Director March 2025

Bong Joong Kwon
KB Life Insurance Non-standing Director March 2025

Hyo Ik Park
KB Asset Management Non-standing Director March 2025

6.5.
Employees

The following table shows information regarding our employees and compensation paid to them as of June 30, 2025.

   (Unit: in millions of Won)

Number of

Employees⁽¹⁾
   Average Tenure of
Employees⁽²⁾    Total Amount of
Compensation⁽³⁾ Average Compensation
per Person⁽⁴⁾

142


3 years and 4months

(16 years and 11months

)
   17,463 ⁽⁵⁾ 124 ⁽⁵⁾

Notes:
(1) Includes all employees as of June 30, 2025, 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, 2025 to June 30, 2025.

(4)
Based on the sum of the average monthly compensation of each month from January 1, 2025 to June 30, 2025, 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, 2025 to June 30, 2025 includes special bonuses for the fiscal year 2024. Excluding such special bonuses, the average compensation per employee amounts to Won 105 million.

The following table shows information regarding our executive officers and compensation paid to them as of June 30, 2025.

      (Unit: in millions of Won)

Number of

Executive Officers(A)⁽¹⁾
   Total Amount of Annual
Salaries(B)⁽²⁾    Average Annual Salary
per Person(B/A)⁽²⁾

13
   4,586    376

Note:
(1) Excludes 10 executive officers who served primarily as executive officers at our subsidiaries.

(2)
The calculation basis for the total amount of annual salaries and the average annual salary per person is the same as that for employees, in the table above.

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, 2025, unless specified otherwise.

      (Unit: shares, %)

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

Korean National Pension Service
   33,064,648    8.40

The Capital Group Companies,Inc.⁽²⁾
   31,763,237    8.07

JP Morgan Chase Bank, N.A.⁽³⁾
   20,521,031    5.21

BlackRock Fund Advisors⁽⁴⁾
   25,050,939    6.02

Notes:
(1) Based on 393,528,423 shares of our common stock issued as of May 12, 2025.

(2)
The above number of shares and the percentage of total issued shares held by The Capital Group Companies, Inc. are as of December 31, 2024 and are based on disclosure made by The Capital Group Companies, Inc. in a statement of acquisition filing on January 13, 2025.

(3)
Depositary under the Company’s ADR program. The voting rights are held by ADR holders.

(4)
The above number of shares and the percentage of total issued shares held by BlackRock Fund Advisors are based on the disclosure made by BlackRock Fund Advisors in a statement of acquisition filing on March 10, 2021.

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
   December 31, 2019    41,468,003 9.97

Korean National Pension Service
   February 1, 2020    41,462,588 ⁽³⁾ 9.97

Korean National Pension Service
   October 12, 2020    41,402,150 9.96

Korean National Pension Service
   December 31, 2020    41,287,280 9.93

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 ⁽⁴⁾ 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 ⁽⁵⁾ 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

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 October 19, 2016 to December 12, 2019: 418,111,537

From December 12, 2019 to February 14, 2022: 415,807,920

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

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

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

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

After May 15, 2025: 381,462,103(However, the number of shares and the shareholding ratio of the National Pension Service as of June 30, 2025 are based on the shareholder registry as of May 12, 2025, or 393,528,423 shares.)

(3)
Based on disclosure made by the Korean National Pension Service in a statement of acquisition filing on February 7, 2020.

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

(5)
Based on disclosure made by the Korean National Pension Service in a statement of disposal filing on November 2, 2022.

7.3.
Employee Stock Ownership Association (As of June 30, 2025)

   (Unit: shares)

Company Name
   Number of Shares of
Common Stock Owned

KB Financial Group Inc.
   80,413

Kookmin Bank
   7,403,924

KB Securities Co., Ltd.
   71,328

KB Insurance Co., Ltd.
   786,674

KB Kookmin Card Co., Ltd.
   684,109

KB Life Insurance Co., Ltd.
   21,986

KB Asset Management Co., Ltd.
   17,440

KB Capital Co., Ltd.
   140,681

KB Real Estate Trust Co., Ltd.
   22,966

KB Savings Bank Co., Ltd.
   16,900

KB Investment Co., Ltd.
   3,846

KB Data Systems Co., Ltd.
   60,973

KB Credit Information
   11,758

KB Fund Partners Co., Ltd.
   23,978

Others⁽¹⁾
   29,367



Total
   9,376,343



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

7.4.
Investments in Affiliated Companies

(As of June 30, 2025)       (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    574,607    2,188

KB Securities Co., Ltd.
   298,620,424    100    3,342,391    71,121    339

KB Insurance Co., Ltd.
   66,500,000    100    2,375,430    42,709    558

KB Kookmin Card Co., Ltd.
   92,000,000    100    1,953,175    29,363    181

KB Life Insurance Co., Ltd.

(Formerly, Prudential Life Insurance)
   16,201,518    100    2,795,367    35,770    116

KB Asset Management Co., Ltd.
   7,667,550    100    96,312    444    72

KB Capital Co., Ltd.
   32,175,147    100    873,811    18,035    124

KB Real Estate Trust Co., Ltd.
   21,616,085    100    271,553    1,156    (22 )

KB Savings Bank Co., Ltd.
   8,001,912    100    176,813    2,356    1

KB Investment Co., Ltd.
   22,525,328    100    154,910    1,497    3

KB Data Systems Co., Ltd.
   800,000    100    6,334    69    5











Total
   —    —    26,867,817    —    —











Note: (1) Based on each affiliate’s financial statements prepared in accordance with K-IFRS; amounts for the latest fiscal year are presented in units of billions of Won.

Table of Contents

7.5.
Related Party Transactions

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

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
Interest Rate
Maturity Date

Use of Proceeds

KB Securities Co., Ltd.
Subsidiary No. 1 Private Placement of Capital Securities in Won 200 March 31, 2022 4.300 %
March 31, 2052

(may be extended)
Working capital

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
Interest Rate
Maturity Date

Use of Proceeds

KB Securities Co., Ltd.
Subsidiary No. 3 Private Placement of Capital Securities in Won 230 September 30, 2022 5.500 %
September 30, 2052

(may be extended)
Working capital

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
Interest Rate
Maturity Date

Use of Proceeds

KB Securities Co., Ltd.
Subsidiary No. 4 Private Placement of Capital Securities in Won 100 May 8, 2023 5.350 %
May 8, 2053

(may be extended)
Working capital

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

                  (Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Capital Co., Ltd.

Subsidiary
   No. 299 Private Placement of Capital Securities in Won    50
March 27, 2015
   7.840 %⁽¹⁾
March 27, 2045

(may be extended)
   Working capital

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

Table of Contents

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Capital Co., Ltd..

Subsidiary
   No. 320 Private Placement of Capital Securities in Won    50
September 24, 2015
   5.989 %⁽¹⁾
September 24, 2045

(may be extended)

Working capital

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

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Capital Co., Ltd.

Subsidiary
   No. 343 Private Placement of Capital Securities in Won    50
March 29, 2016
   6.305 %⁽¹⁾
March 29, 2046

(may be extended)

Working capital

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

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Capital Co., Ltd.

Subsidiary
   No. 352 Private Placement of Capital Securities in Won    50
June 28, 2016
   6.466 %⁽¹⁾
June 28, 2046

(may be extended)

Working capital

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

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Capital Co., Ltd.

Subsidiary
   No. 367 Private Placement of Capital Securities in Won    50
November 28, 2016
   6.952 %⁽¹⁾
November 28, 2046

(may be extended)

Working capital

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

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Capital Co., Ltd.

Subsidiary
   No. 378 Private Placement of Capital Securities in Won    50
April 27, 2017
   7.664 %⁽¹⁾
April 27, 2047

(may be extended)

Working capital

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

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Capital Co., Ltd.

Subsidiary
   No. 460 Private Placement of Capital Securities in Won    100
September 25, 2020
   3.376 %
September 25, 2050

(may be extended)

Working capital

Table of Contents

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Capital Co., Ltd.

Subsidiary
   No. 486 Private Placement of Capital Securities in Won    100
February 17, 2022
   4.495 %
February 17, 2052

(may be extended)

Working capital

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

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Real Estate Trust Co., Ltd.

Subsidiary
   No. 1 Private Placement of Capital Securities in Won    150
June 27, 2025
   7.800 %
June 27, 2054

(may be extended)

Working capital

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

(Unit: in billions of Won)

Issuer

Relationship

Type

Issue Amount

Issue Date
   Interest Rate
Maturity Date

Use of Proceeds

KB Savings Bank Co., Ltd.

Subsidiary

No. 1 Subordinated Bonds

in Won
   70
June 25, 2021
   1.600 % June 25, 2031
Working capital

7.5.5.
Prepayments and Loans to Subsidiaries

   (Unit: in billions of Won)

Name

Relationship

Account

Loan Amount

Current Balance
   Credit Offering Date
Interest Rate

Maturity Date

KB Investment Co., Ltd.

Subsidiary
   Loans⁽¹⁾    10
10
   July 14, 2017    2.653%
July 12, 2025

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⁾    40
40
   July 13, 2018    2.653%
July 12, 2025

Note: (1)
Unsecured credit loans

Table of Contents

   (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    3.165%    March 6, 2025

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    3.165%    March 6, 2025

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    2.653%    July 12, 2025

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    2.858%    December 19, 2025

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    2.653%    July 12, 2025

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    2.653%    July 12, 2025

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,

2025
   —    —    —    —

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.    —    —

January 1 to

December 31,

2023

March 5, 2024 (Audit Committee)

March 5, 2024 (Board of Directors)

March 22, 2024 (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,

2025
   —    —    —    —

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.    —    —

January 1 to

December 31,

2023
   March 5, 2024    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,

2025
   —    —    —    —    —

January 1 to

December 31,

2024
   Samil PricewaterhouseCoopers    Audit    Unqualified    —    —

January 1 to

December 31,

2023
   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, 2025 By: /s/ Bong Joong Kwon

(Signature)

Name: Bong Joong Kwon

Title: Senior Managing Director and Head of IR Division

Source: View Original Filing on SEC EDGAR

FAQ

What were KB Financial Group's consolidated net income and EPS for H1 2025 (KB)?

Consolidated net income for January 1–June 30, 2025 was 3,435,693 million Won and consolidated basic earnings per share were 9,031 Won.

What capital and liquidity metrics did KB report for June 30, 2025 (KB)?

As of June 30, 2025 consolidated total capital was 57,957 billion Won with a BIS ratio of 16.36% (preliminary).

What dividend and buyback actions did KB disclose for 2025 (KB)?

KB reported total cash dividends of 669,358 million Won in H1 2025 (cash dividend per common share 1,832 Won) and the board resolved on July 24, 2025 to acquire and cancel 660 billion Won of treasury shares (5,724,197 shares).

Did KB report higher credit provisions in H1 2025 (KB)?

Yes. Provision for credit losses in H1 2025 was 1,310,708 million Won, up from 981,088 million Won in the prior period.

How concentrated are KB's loan exposures by industry and borrowers (KB)?

Kookmin Bank's loan mix shows real estate activities 26.5% and manufacturing 26.3% of total credit; the top-20 borrower exposures sum to 19,693 billion Won.


1.		Introduction to the Company

1.1.		Business Purpose

1.2.		History

1.3.		Overview of the Business Group

1.4.		Capital Structure

1.5.		Dividends

1.6.		Amendments to the Articles of Incorporation

2.		Business

2.1.		Results of Operations

2.2.		Sources and Uses of Funds

2.3.		Other Information to Consider in Making an Investment Decision

3.		Financial Information

3.1.		Consolidated Financial Information

3.2.		Separate Financial Information

3.3.		Other Selected Financial Data

3.4.		Other Financial Information

4.		Independent Public Accountants

4.1.		Audit/ Review Services

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

4.3.		Change in Auditor

5.		Corporate Governance and Affiliated Companies

5.1.		Board of Directors & Committees under the Board

5.2.		Audit Committee

5.3.		Compensation to Directors

5.4.		Top 5 Highest-Paid Individuals

5.5.		Stock-based Compensation

5.6.		Affiliated Companies

6.		Directors, Senior Management and Employees

6.1.		Executive Directors

6.2.		Non-standing Directors

6.3.		Non-executive Directors

6.4.		Senior Management

6.5.		Employees

7.		Major Shareholders and Related Party Transactions

7.1.		Major Shareholders

7.2.		Changes in the Largest Shareholder

7.3.		Employee Stock Ownership Association

7.4.		Investments in Affiliated Companies

7.5.		Related Party Transactions



8.		Internal Controls

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

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

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


			(As of June 30, 2025)
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
2nd Tier Subsidiaries	PT Bank KB Bukopin Tbk.	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)


(As of June 30, 2025)								(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⁾


(As of June 30, 2025)	(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)		36,649,434			—		36,649,434			—
1. Capital Reduction		—			—		—			—
2. Cancellation		36,649,434			—		36,649,434			Cancellation of Treasury Shares
3. Redemption		—			—		—			—
4. Other		—			—		—			—
Shares Issued as of June 30, 2025 (C=A-B)		381,462,103			—		381,462,103			—
Treasury Shares(D)		17,310,128			—		17,310,128			—
Shares Outstanding (C—D)		364,151,975			—		364,151,975			—
Treasury Share Holding Ratio		4.5	%		—		4.5	%		—


(As of June 30, 2025)				(Unit: shares)
Items		Number of Shares		Notes
Total number of issued shares	Common shares		381,462,103		—
	Preferred shares		—		—
Shares without voting rights	Common shares		17,310,128
	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		364,151,975		—
	Preferred shares		—		—


		(Unit: in millions of Won, except per share amounts and percentages)
Items		January 1, 2025 to June 30, 2025⁽¹⁾		January 1, 2024 to December 31, 2024⁽²⁾		January 1, 2023 to December 31, 2023⁽³⁾
Par value per share (Won)			5,000		5,000		5,000
(Consolidated) Net income			3,435,693		5,078,221		4,631,932
(Consolidated) Earnings per share (Won)			9,031		12,880		11,483
Total cash dividends			669,358		1,198,257		1,173,937
Total stock dividends			—		—		—
(Consolidated) Cash dividend payout ratio (%)			19.5		23.6		25.3
Cash dividend yield (%)	Common shares		1.6		3.5		4.9
	—		—		—		—
Stock dividend yield (%)	Common shares		—		—		—
	—		—		—		—
Cash dividend per share (Won)	Common shares		1,832		3,174		3,060
	—		—		—		—
Stock dividend per share	Common shares		—		—		—
	—		—		—		—


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 and the establishment of an internal control committee within the Board of Directors, and (ii) 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 and the establishment of a basis for determining the record date for quarterly dividends through a resolution of the Board of Directors, each in accordance with amendments to the Financial Investment Services and Capital Markets Act.


							(Unit: in millions of Won)
	For the six months ended June 30, 2025			For the six months ended June 30, 2024			For the year ended December 31, 2024			For the year ended December 31, 2023
Net interest income		6,368,691			6,396,238			12,826,714			12,180,860
Interest income		14,739,574			15,224,888			30,491,385			29,142,024
Interest expense		(8,370,883	)		(8,828,650	)		(17,664,671	)		(16,961,164	)
Net fee and commission income		1,965,984			1,909,728			3,849,627			3,673,524
Fee and commission income		2,777,199			2,726,904			5,481,843			5,368,074
Fee and commission expense		(811,215	)		(817,176	)		(1,632,216	)		(1,694,550	)
Insurance service result		849,889			1,035,068			1,649,761			1,446,852
Insurance income		6,144,414			5,577,528			11,456,191			11,005,471
Insurance expense		(5,294,525	)		(4,542,460	)		(9,806,430	)		(9,558,619	)
Net gains on financial assets/liabilities at fair value through profit or loss		2,112,363			570,710			1,012,081			2,163,065
Other insurance finance income		(413,291	)		(369,654	)		(437,001	)		(572,476	)
Net other operating expenses		(1,791,668	)		(690,568	)		(1,873,011	)		(2,712,989	)
General and administrative expenses		(3,355,261	)		(3,222,127	)		(6,938,624	)		(6,647,406	)
Operating profit before provision for credit losses		5,736,707			5,629,395			10,089,547			9,531,430
Provision for credit losses		(1,310,708	)		(981,088	)		(2,044,286	)		(3,146,409	)
Net operating profit		4,425,999			4,648,307			8,045,261			6,385,021


KB Financial Group				(Unit: in billions of Won, except percentages)

	As of June 30, 2025			As of December 31, 2024			As of December 31, 2023
Total capital (A)		57,957			46,849			53,744
Risk-weighted assets (B)		354,230			345,981			321,319
BIS ratio (A/B)		16.36	%		16.43	%		16.73	%


Kookmin Bank			(Unit: in billions of Won, except percentages)

	As of June 30, 2025		As of December 31, 2024		As of December 31, 2023
Total capital (A)		42,345		40,574		39,040
Risk-weighted assets (B)		236,754		234,436		215,962
BIS ratio (A/B)		17.89		17.31		18.08


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

	As of June 30, 2025			As of December 31, 2024			As of December 31, 2023
Net operating capital (A)		5,447			5,397			5,058
Total amount at risk (B)		3,006			3,176			2,934
Maintenance equity margin (C)		135			134			134
Net capital ratio (A-B)/(C)		1,808.75	%		1,654.45	%		1,582.09	%
Capital surplus (A-B)		2,440			2,221			2,124

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

	As of June 30, 2025			As of December 31, 2024			As of December 31, 2023
Available capital (A)		12,153			11,319			11,669
Required capital (B)		6,349			6,072			5,404
Capital Adequacy ratio (A/B)⁽²⁾		191.43	%		186.42	%		215.94	%


			(As of June 30, 2025)
Rating Company	Moody’s		S&P
Type	Long-term	Short-term	Long-term	Short-term
Credit Rating	A1	P-1	A	A-1


Date of Rating	Type	Credit Rating	Rating Company (Rating Range)

1/27/2022	Contingent Convertible Bonds	AA-	Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D)

1/28/2022	Contingent Convertible Bonds	AA-	NICE Investors Service (AAA ~ D)

4/29/2022	Contingent Convertible Bonds	AA-	Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)

6/2/2022	Debentures	AAA	Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)

6/20/2022	Commercial Paper	A1	Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) / NICE Investors Service (A1 ~ D)

8/16/2022	Contingent Convertible Bonds	AA-	Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)

2/3/2023	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)


Subsidiary	Date of Retirement	Number of Retired Persons
Kookmin Bank	January 28, 2019	615
	January 20, 2020	462
	January 30, 2021	800
	January 21, 2022	674
	January 18, 2023	713
	January 19, 2024	674
	January 18, 2025	647


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

	First Half of 2025						First Half of 2024
	Second Quarter			Cumulative			Second Quarter			Cumulative
Net interest income		3,106,526			6,368,691			3,226,353			6,396,238
Interest income		7,284,633			14,739,574			7,611,315			15,224,888
Interest income from financial instruments at fair value through other comprehensive income and amortized cost		6,922,324			14,005,120			7,243,831			14,472,708
Interest income from financial instruments at fair value through profit or loss		353,152			715,207			359,835			736,588
Insurance finance interest income		9,157			19,247			7,649			15,592
Interest expense		(4,178,107	)		(8,370,883	)		(4,384,962	)		(8,828,650	)
Interest expense		(3,804,895	)		(7,615,529	)		(4,012,831	)		(8,079,357	)
Insurance finance interest expense		(373,212	)		(755,354	)		(372,131	)		(749,293	)
Net fee and commission income		1,031,936			1,965,984			919,635			1,909,728
Fee and commission income		1,446,966			2,777,199			1,330,604			2,726,904
Fee and commission expense		(415,030	)		(811,215	)		(410,969	)		(817,176	)
Net insurance income		412,136			849,889			492,097			1,035,068
Insurance income		3,036,603			6,144,414			2,844,788			5,577,528
Insurance income		2,900,194			5,735,262			2,744,165			5,438,821
Reinsurance income		136,409			409,152			100,623			138,707
Insurance expense		(2,624,467	)		(5,294,525	)		(2,352,691	)		(4,542,460	)
Insurance service expense		(2,396,702	)		(4,860,901	)		(2,128,285	)		(4,103,868	)
Reinsurance expense		(227,765	)		(433,624	)		(224,406	)		(438,592	)
Net gains on financial assets/liabilities at fair value through profit or loss		1,566,145			2,112,363			321,577			570,710
Other insurance finance expenses		(273,721	)		(413,291	)		(224,347	)		(369,654	)
Net other operating expenses		(1,305,244	)		(1,791,668	)		(285,858	)		(690,568	)
General and administrative expenses		(1,749,696	)		(3,355,261	)		(1,593,891	)		(3,222,127	)
Operating income before provision for credit losses		2,788,082			5,736,707			2,855,566			5,629,395
Provision for credit losses		(655,111	)		(1,310,708	)		(552,818	)		(981,088	)
Net operating income		2,132,971			4,425,999			2,302,748			4,648,307
Net non-operating expenses		210,170			223,748			66,983			(880,981	)
Share of loss of associates and joint ventures		4,813			10,261			(694	)		(2,113	)
Net other non-operating expenses		205,357			213,487			67,677			(878,868	)
Profit before income tax expense		2,343,141			4,649,747			2,369,731			3,767,326
Income tax expense		(595,561	)		(1,203,045	)		(658,827	)		(1,000,359	)
Profit for the period		1,747,580			3,446,702			1,710,904			2,766,967
Other comprehensive income (loss) for the period, net of tax		123,435			(784,305	)		(711,804	)		(1,449,375	)
Items that will not be reclassified to profit or loss:
Remeasurements of net defined benefit liabilities		6,637			(790	)		2,756			11,751
Gains (losses) on equity securities at fair value through other comprehensive income		168,860			213,283			(230,369	)		(242,935	)
Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk		(4,862	)		(10,707	)		(2,040	)		(10,883	)
Items that may be reclassified subsequently to profit or loss:
Currency translation differences		(337,087	)		(351,553	)		119,469			282,414
Gains (losses) on debt securities at fair value through other comprehensive income		(568,282	)		342,749			559,490			(97,737	)
Share of other comprehensive income (loss) of associates and joint ventures		(2,452	)		(2,328	)		56			(86	)
Gains (losses) on cash flow hedging instruments		(61,776	)		(30,275	)		5,615			(31,182	)
Gains (losses) on hedging instruments of net investments in foreign operations		123,470			126,994			(40,016	)		(91,219	)
Insurance finance income (expenses)		798,927			(1,071,678	)		(1,126,765	)		(1,269,498	)
Total comprehensive income for the period		1,871,015			2,662,397			999,100			1,317,592
Profit attributable to:
Shareholders of the parent company		1,738,422			3,435,693			1,732,449			2,774,431
Non-controlling interests		9,158			11,009			(21,545	)		(7,464	)
Total comprehensive income for the period attributable to:
Shareholders of the parent company		1,859,757			2,657,343			1,016,474			1,312,833
Non-controlling interests		11,258			5,054			(17,374	)		4,759
Earnings per share
Basic earnings per share (Won)		4,603			9,031			4,417			7,023
Diluted earnings per share (Won)		4,565			8,950			4,377			6,934


	(Unit: in millions of Won, except percentages)
	As of June 30, 2025			As of December 31, 2024			As of December 31, 2023
Current assets in Won (A)		2,400,929			592,591			656,555
Current liabilities in Won (B)		655,643			383,862			255,693
Liquidity ratio (A/B)		366.19	%		154.38	%		256.77	%


					(Unit: %)
	For the six months ended June 30, 2025		For the year ended December 31, 2024		For the year ended December 31, 2023
Net income as a percentage of average total assets (ROA)		0.90		0.68		0.64
Net income as a percentage of average shareholders’ equity (ROE)		11.86		8.87		8.32


	(Unit: in billions of Won)
Company	Credit Extended
KB Kookmin Card Co., Ltd		1,357
Samsung Heavy Industries Co., Ltd.		1,264
E-MART Inc.		1,232
HD Hyundai Heavy Industries Co., Ltd.		1,201
SK shieldus Co., Ltd.		1,186
Samsung SDI Co., Ltd.		1,149
SK on Co., Ltd.		1,113
Samsung Electronics Co., Ltd.		1,000
Construction Guarantee		978
BANKOFCOMMUNICATION		963
Hanwha Solutions Corporation		958
LG Display Co., Ltd.		947
Strada Holdco L.P.		917
LS MnM Co., Ltd.		857
LOTTE CHEMICAL CORPORATION		804
SK Innovation Co., Ltd.		791
LG Energy Solution, Ltd.		784
Samsung Card Co., Ltd.		753
Shinhan Financial Group Co., Ltd.		719
Hyundai Samho Heavy Industries Co.,Ltd.		719

Total		19,693


	(Unit: in billions of Won)
Group	Credit Extended
Samsung		5,765
SK		5,338
Hanwha		4,414
Hyundai Motor		3,682
HD Hyundai		3,493
Lotte		3,439
LG		2,979
Shinsegae		1,752
GS		1,714
LS		1,470

Total		34,046

Trending News

[6-K] KB Financial Group Inc Current Report (Foreign Issuer)

Insights

Financial Analyst positive

Risk Analyst neutral

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	(Unit: in billions of Won, except percentages)
Industry	Total Credit		Percentage of Total Credit
Manufacturing		59,743		26.3
Construction		4,604		2.0
Real estate activities		60,206		26.5
Wholesale and retail trade		31,486		13.8
Accommodation and food service activities		11,725		5.2
Financial activities		9,920		4.4
Others		49,786		21.9

Total		227,469		100.0


		(Unit: in billions of Won)
Borrower	Industry	Total Credit		Allowance for Loan Losses
Borrower A	Real estate activities		192		118
Borrower B	Construction		37		36
Borrower C	Real estate activities		35		9
Borrower D	Manufacturing		16		5
Borrower E	Real estate activities		15		5
Borrower F	Real estate activities		15		1
Borrower G	Wholesale and retail trade		15		12
Borrower H	Wholesale and retail trade		12		12
Borrower I	Real estate activities		11		2
Borrower J	Human health and social work activities		10		5
Borrower K	Construction		10		10
Borrower L	Manufacturing		10		5
Borrower M	Construction		10		10
Borrower N	Manufacturing		9		9
Borrower O	Construction		9		0
Borrower P	Construction		8		4
Borrower Q	Manufacturing		7		5
Borrower R	Manufacturing		7		2
Borrower S	Information and communications		7		1
Borrower T	Wholesale and retail trade		7		4

—	—		442		254


				(Unit: in millions of Won)
Period	Auditor	Activity	Service Period	Compensation
January 1 to June 30, 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
January 1 to December 31, 2023	Samil Pricewaterhouse Coopers	PCAOB audit of consolidated financial statements and internal control over financial reporting	May 1, 2023 to April 30, 2024		784


The Commercial Act 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.


(As of June 30, 2025)	(Unit: in millions of Won)
Total number of persons⁽¹⁾	Total payment⁽²⁾⁽³⁾		Average payment per person⁽⁴⁾		Notes
9		999		117		—


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

	Total number of persons		Total payment		Average payment per person		Notes
Registered Directors(excluding non-executive directors and Audit Committee members)		2		650		423		—
Non-executive Directors (excluding Audit Committee members)		3		148		49		—
Audit Committee members		4		202		50		—
Internal Auditor		—		—		—		—


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

Name	Position	Total Amount	Deferred Compensation
Jong Hee Yang	Chairman & CEO	650	- Deferred short-term performance-based payment, the amount of which corresponds to a total of 6,521 shares and deferred long-term performance-based payment, the amount of which corresponds to a total of 3,945 shares. —Long-term performance-based payment (18,516 shares per year), the amount of which will be finalized at a future date pursuant to a performance evaluation over a three-year period from November 21, 2023 to November 20, 2026.
Bong Joong Kwon	Senior Managing Director and Head of the IR Division	621	- Deferred short-term performance-based payment, the amount of which corresponds to a total of 3,162 shares and deferred long-term performance-based payment, the amount of which corresponds to a total of 5,528 shares.


Name	Compensation Type		Total Compensation (in millions of Won)	Calculation Criteria and Method
Jong Hee Yang	Earned income	Salary	450	- A monthly salary was paid in even installments each month 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 2025 consisted of Won 200 million in short-term performance-based compensation - The short-term performance-based compensation consisted of Won 200 million paid as an upfront lump sum payment for 2024 - The short-term performance evaluation index for the period after his appointment as the Chairman and CEO consisted of quantitative indicators (including ROE, total operating income, net profit from non-banking businesses, comprehensive NPL ratio, Tier 1 ratio, RORWA, 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 2024 was Won 5,078.2 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. - With respect to the non-quantitative results, the key achievements that were considered included the shareholder return policy that led the value-up initiative in the financial industry, the stabilization of global operations, the expansion of the Group’s digital platform and the attainment of a differentiated ESG impact.

		Stock options	—	- Not applicable
		Other earned income	—	- Not applicable
	Retirement income		—	- Not applicable
	Other income		—	- Not applicable


							(Unit: Number of shares, except number of recipients)

	For the six months ended June 30, 2025			For the year ended December 31, 2024			For the year ended December 31, 2023			For the year ended December 31, 2022
Number of Recipients⁽¹⁾⁽²⁾		12			13			11			13
Number of Performance-Linked Shares Granted⁽²⁾⁽³⁾		40,267			73,213			97,995			58,317
Number of Performance-Linked Shares Paid During the Period (a+b)⁽⁴⁾		41,877			69,947			136,045			36,471
a. Number of Shares for Stock-Linked Cash Compensation		20,406			33,431			63,934			18,234
b. Number of Shares Converted to Restricted Stocks to be Paid on a Deferred Basis		21,471			36,516			72,111			18,237
Evaluation Adjustment		(684	)		(4,146	)		(839	)		(1,003	)
Cumulative Number of Performance-Linked Shares Paid (Sum of Stock-Linked Cash Compensation and Restricted Stock Conversion)⁽⁵⁾		247,869			242,463			216,889			169,382
Number of Unpaid Performance-Linked Shares⁽³⁾⁽⁶⁾		145,299			147,593			148,473			187,362


Name	Date of Birth	Position	Common Shares Owned		End of Term
Whajoon Cho	February 1957	Non-executive Director		—	March 25, 2026
Jungsung Yeo	April 1960	Non-executive Director		—	March 25, 2026
Jaehong Choi	August 1962	Non-executive Director		—	March 25, 2026
Eun Young Chah	October 1962	Non-executive Director		—	March 25, 2027
Myong-Hwal Lee	May 1964	Non-executive Director		—	March 21, 2026
Sung—Yong Kim	March 1966	Non-executive Director		—	March 25, 2026
Sun Yeop Kim	November 1969	Non-executive Director		—	March 25, 2027