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KB Financial Group (KB) plans KRW 659.9B cancellation of 5.56M treasury shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

KB Financial Group Inc. plans to cancel 5,564,253 common shares of its own stock that it holds as treasury shares. The estimated value of the shares to be cancelled is KRW 659,999,903,600, calculated based on their book value as of the report date.

The cancellation is based on Article 343-1 of the Commercial Code of Korea and involves treasury shares acquired within the limits of profits available for dividends. After the cancellation, the total number of issued common shares will decrease, but paid-in capital will remain unchanged. The scheduled cancellation date is January 15, 2026, which may change depending on consultations with the relevant authorities.

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Insights

KB Financial Group is cancelling over 5.5 million treasury shares without reducing paid-in capital.

KB Financial Group Inc. plans to cancel 5,564,253 common shares of treasury stock with an estimated book value of KRW 659,999,903,600. This moves previously repurchased shares out of circulation under Article 343-1 of the Commercial Code of Korea, using profits available for dividends as the basis.

The filing notes that the total number of issued common shares will decline, while paid-in capital will stay the same. This means the capital structure changes through a lower share count rather than a reduction of stated capital. The scheduled cancellation date is January 15, 2026, though it may shift depending on discussions with the relevant authorities, so the actual timing of completion depends on that regulatory consultation.

 
 

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 January 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 ☐

 

 
 


Update on Resolution for Cancellation of Treasury Shares

On January 9, 2026, KB Financial Group Inc. (“KB Financial Group”) updated its previous disclosure made on its Form 6-K furnished on July 24, 2025 (the “Original Report”) regarding the resolution made by the board of directors of KB Financial Group to cancel certain of its treasury shares. Except as disclosed below, the key details remain the same as were previously disclosed in the Original Report:

 

     
Type and Number of Shares to be Cancelled    Common Shares    5,564,253
   
Estimated Amount of Shares to be Cancelled    KRW 659,999,903,600
   
Scheduled Date of Cancellation    January 15, 2026
   
Other Material Information for an Investment Decision   

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

 

- The cancellation of these shares constitutes the cancellation of treasury shares acquired within the limits of profits available for the payment of dividends. As such, the total number of issued shares (common shares) will decrease, but there will be no reduction in the paid-in capital of KB Financial Group.

 

- The “Estimated Amount of Shares to be Cancelled” above is calculated based on the book value of the shares to be cancelled as of the date of this report.

 

- The above “Scheduled Date of Cancellation” is subject to change based on the outcome of consultations with the relevant authorities.


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: January 9, 2026     By:   /s/ Sang Rok Na
      (Signature)
      Name: Sang Rok Na
      Title: Senior Managing Director and Chief Financial Officer

FAQ

What corporate action did KB (KB Financial Group Inc.) disclose in this report?

KB Financial Group Inc. disclosed that it plans to cancel 5,564,253 common shares of its treasury stock, reducing the total number of issued common shares.

How many KB Financial Group shares will be cancelled and what is their estimated value?

KB Financial Group plans to cancel 5,564,253 common shares with an estimated value of KRW 659,999,903,600, based on the book value as of the report date.

When is the scheduled cancellation date for KB Financial Groups treasury shares?

The scheduled date for cancelling the treasury shares is January 15, 2026, although this date may change following consultations with the relevant authorities.

Will KB Financial Groups paid-in capital change after the share cancellation?

No. The filing states that while the total number of issued common shares will decrease, there will be no reduction in the paid-in capital of KB Financial Group.

What is the legal basis for KB Financial Groups cancellation of treasury shares?

The cancellation of treasury shares is based on Article 343-1 of the Commercial Code of Korea, involving shares acquired within the limits of profits available for dividends.

How was the estimated amount of KB Financial Group shares to be cancelled calculated?

The "Estimated Amount of Shares to be Cancelled" of KRW 659,999,903,600 was calculated using the book value of the shares to be cancelled as of the date of the report.
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