STOCK TITAN

KB Financial Group (NYSE: KB) to cancel 3,997,715 shares

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

KB Financial Group Inc. approved a resolution to cancel 3,997,715 common shares that it plans to acquire as treasury shares, based on a board decision dated July 23, 2026. The shares will be purchased on the stock exchange through Samsung Securities Co., Ltd.

The estimated cancellation amount is KRW 700,000,000,000, within profits available for dividends, under Article 343-1 of the Korean Commercial Code. The acquisition period runs from July 24, 2026 to December 16, 2026. Total issued common shares are 354,687,734, and the cancellation will not reduce paid-in capital.

Positive

  • None.

Negative

  • None.

Filing Explained

The July 23 resolution does not establish a completed cancellation: the filing leaves the cancellation date “to be determined,” while acquisition is scheduled for July 24 through December 16, 2026. The stated reduction in issued shares therefore remains a future step, not a completed change.

Common shares to be cancelled 3,997,715 shares Common shares planned to be acquired as treasury shares and cancelled
Total common shares issued 354,687,734 shares Total number of common shares issued by KB Financial Group
Par value per share KRW 5,000 Par value for each common share
Estimated cancellation amount KRW 700,000,000,000 Estimated amount of shares to be cancelled, set by board resolution
Acquisition period start July 24, 2026 Start of scheduled period to acquire treasury shares on the stock exchange
Acquisition period end December 16, 2026 End of scheduled period to acquire treasury shares on the stock exchange
Board resolution date July 23, 2026 Date the board of directors approved the share cancellation
treasury shares financial
"cancel certain of its shares of common stock, which it plans to acquire as treasury shares"
Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.
paid-in capital financial
"although the total number of issued shares will decrease, there will be no reduction in the paid-in capital"
Paid-in capital is the cash and other assets shareholders have given a company in exchange for its stock, including amounts paid above the stock’s nominal value. Investors care because it shows how much funding came directly from owners rather than from borrowing or profits, affecting the company’s financial cushion, ownership dilution and how resilient it may be in tough times — like the extra money people pay above a ticket price to support a project they believe in.
Korean Commercial Code regulatory
"Legal basis for the cancellation of treasury shares: Article 343-1 of the Korean Commercial Code"
Korea Fair Trade Commission regulatory
"Obligation to Report to the Korea Fair Trade Commission: Not applicable"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What share cancellation did KB (KB Financial Group Inc.) approve?

KB Financial Group approved cancelling 3,997,715 common shares that it plans to acquire as treasury shares. The cancellation, authorized on July 23, 2026, is within profits available for dividends and will reduce the number of issued shares without reducing paid-in capital.

What is the monetary size of KB (KB Financial Group)'s planned share cancellation?

The estimated amount for KB Financial Group’s share cancellation is KRW 700,000,000,000. This amount was determined by the board on July 23, 2026 and reflects the value of common shares to be acquired and cancelled within dividend-available profits under Korean law.

Over what period will KB (KB Financial Group) acquire shares for cancellation?

KB Financial Group plans to acquire shares for cancellation from July 24, 2026 to December 16, 2026. During this period, it intends to purchase common shares on the stock exchange through Samsung Securities Co., Ltd. before cancelling them.

How many total common shares has KB (KB Financial Group) issued?

KB Financial Group reports a total of 354,687,734 common shares issued. After acquiring and cancelling 3,997,715 of these shares, the overall number of issued shares will decrease, while the company’s paid-in capital will remain unchanged.

Will KB (KB Financial Group)'s paid-in capital change after the share cancellation?

KB Financial Group states that there will be no reduction in paid-in capital from this cancellation. The shares will be cancelled as treasury shares acquired within profits available for dividends, so only the total number of issued shares will decrease.
 
 

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 July 2026

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s name into English)

 

 

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

(Address of principal executive office)

 

 

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

Form 20-F ☒    Form 40-F ☐

 

 
 


Resolution for the Cancellation of Treasury Shares

On July 23, 2026, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to cancel certain of its shares of common stock, which KB Financial Group plans to acquire as treasury shares prior to such cancellation pursuant to the announcement on Form 6-K dated July 23, 2026. The details are as follows:

 

Type and Number of Shares to be Cancelled    Common Shares    3,997,715 shares
   Other Shares    -
Total Number of Shares Issued    Common Shares    354,687,734 shares
   Other Shares    -
Par Value per Share    KRW 5,000
Estimated Amount of Shares to be Cancelled    KRW 700,000,000,000
Scheduled Period of Acquisition of Treasury Shares for Cancellation    From    July 24, 2026
   To    December 16, 2026
Method of Acquisition of Shares to be Cancelled    Purchase on the stock exchange
Scheduled Date of Cancellation    To be determined
Brokerage Company Appointed for the Share Acquisitions    Samsung Securities Co., Ltd.
Date of Resolution by the Board of Directors    July 23, 2026
Obligation to Report to the Korea Fair Trade Commission    Not applicable
Other Material Information for an Investment Decision   

-  Legal basis for the cancellation of treasury shares: Article 343-1 of the Korean Commercial Code.

 

-  The cancellation of these shares constitutes the cancellation of treasury shares expected to be acquired within the limits of profits available for dividends, and as such, although the total number of issued shares will decrease, there will be no reduction in the paid-in capital of KB Financial Group.

 

-  The “Estimated Amount of Shares to be Cancelled” above is the cancellation amount determined through a resolution of the board of directors on even date herewith.


     
               

-  The “Type and Number of Shares to be Cancelled” above is calculated based on the “Estimated Amount of Shares to be Cancelled” above and the closing price of the common shares of KB Financial Group on the Korea Exchange as of July 22, 2026 (one day prior to the date of the resolution of the board of directors), which was KRW 175,100. The actual number and amount of shares to be cancelled are subject to change depending on fluctuations in share price.

 

-  The starting date for the “Scheduled Period of Acquisition of Treasury Shares for Cancellation” above represents the date of the trust agreement, and may not be the actual date the acquisitions begin.

 

-  KB Financial Group plans to cancel all of the treasury shares following the completion of the acquisition of the treasury shares. For detailed information regarding the acquisition of the treasury shares, please refer to the Form 6-K titled “Resolution to Enter into a Trust Agreement for the Acquisition of Treasury Shares” furnished by KB Financial Group on July 23, 2026.


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: July 23, 2026       

By: /s/ Sang Rok Na

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