KRW 600B KB Financial (NYSE: KB) buyback to cancel shares
Rhea-AI Filing Summary
KB Financial Group Inc. approved a new share repurchase program, resolving to acquire 3,811,944 common shares as treasury shares. The estimated purchase amount is KRW 600,000,000,000, funded from profits available for dividends.
The buyback will run from April 24, 2026 to July 20, 2026, executed through stock exchange purchases on the Korea Exchange via KB Securities Co., Ltd. The stated purpose is to enhance shareholder return and increase corporate value through the acquisition and cancellation of treasury shares.
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Insights
KB Financial launches a sizeable buyback using dividend-eligible profits.
KB Financial Group plans to repurchase 3,811,944 common shares, with an estimated outlay of KRW 600,000,000,000. The purchases will occur on the Korea Exchange between April 24, 2026 and July 20, 2026, via KB Securities.
The company is using profits available for dividends, listing an upper limit of 3,728,302 million Won under the Korean Commercial Code and a resulting limitation on the acquisition amount of treasury shares of 2,554,534 million Won. The board unanimously approved the resolution, with seven non-executive directors in attendance.
The stated goal is to enhance shareholder return and corporate value through acquisition and cancellation of treasury shares. Actual impact will depend on execution within the daily buying limit of 381,194 shares and subsequent cancellation activity disclosed in later reports.
Key Figures
Key Terms
profits available for dividends financial
Korean Commercial Code regulatory
earnings surplus reserves financial
entrusted brokerage company financial
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 April 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 Acquisition of Treasury Shares
On April 23, 2026, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to acquire treasury shares within the profits available for dividends. The details are as follows:
| Type and Number of Shares to be Acquired | Common Shares | 3,811,944 shares | ||
| Other Shares | — | |||
| Estimated Amount of Shares to be Acquired | KRW 600,000,000,000 | |||
| Scheduled Acquisition Period | From | April 24, 2026 | ||
| To | July 20, 2026 | |||
| Purpose of Acquisition | To enhance shareholder return and increase corporate value through the acquisition and cancellation of treasury shares | |||
| Method of Acquisition | Purchase on the stock exchange (KRX) | |||
| Entrusted Brokerage Company | KB Securities Co., Ltd. | |||
|
Number of Treasury Shares owned as of April 23, 2026 |
18,162,721 | |||
| Date of Resolution by the Board of Directors |
April 23, 2026 • Number of non-executive directors in attendance: 7 (out of 7) | |||
| Buying Order Limit per Day | 381,194 common shares | |||
| Other Material Information for an Investment Decision | • The “Estimated Amount of Shares to be Acquired” above is the acquisition amount determined through a resolution of the board of directors on even date herewith.
• The “Type and Number of Shares to be Acquired” above is calculated based on the closing price of common shares of KB Financial Group as of the day prior to the date of the resolution of the board of directors, which was KRW 157,400. The actual number and amount of shares to be acquired are subject to change depending on fluctuations in share price.
• The “Buying Order Limit per Day” above is calculated as below pursuant to Article 5-5 of the Regulation on Securities Issuance and Disclosures:
① 10 % of the number of treasury shares to be acquired reported by this announcement: 381,194 common shares.
② 25% of the daily average trading volume for the last one-month period up to one day prior to the resolution of the board of directors: 271,265 common shares.
③ 1% of the total number of shares issued and outstanding: 3,728,504 common shares. | |
The lower of [the higher of ① and ②] and ③
|
Limitation on the acquisition amount of treasury shares as of April 23, 2026: |
(Unit: in millions of Won)
| Items | Amount | |
|
1. Upper limit of profits available for dividends as of the end of the previous fiscal year in accordance with the Korean Commercial Code |
3,728,302 | |
|
2. Amount of treasury shares acquired since the end of the previous fiscal year |
600,000 | |
|
3. Dividends and related earnings surplus reserves resolved at the annual general shareholders’ meeting held after the end of the previous fiscal year |
573,768 | |
|
4. Quarterly/interim dividends and related earnings surplus reserves resolved at the meeting of the board of directors after the end of the previous fiscal year |
— | |
|
5. Contract amount for the trust agreement |
— | |
|
6. Acquisition cost of the treasury shares if disposed after the end of the previous fiscal year (based on the moving average method applied to the acquisition cost) |
— | |
| Limitation on the acquisition amount of treasury shares (1-2-3-4-5+6) | 2,554,534 | |
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: April 23, 2026 |
By: /s/ Sang Rok Na | |
| (Signature) | ||
| Name: Sang Rok Na | ||
| Title: Senior Managing Director and Chief Financial Officer | ||