[SCHEDULE 13G] KB Financial Group Inc SEC Filing

Rhea-AI Filing Summary

Capital Research Global Investors reports beneficial ownership of 20,559,072 shares of KB Financial Group Inc., equal to 5.4% of the 381,462,103 shares the filing cites as outstanding. The holding includes 59,551 depository receipts and is reported on a Schedule 13G, a form generally used by passive institutional investors.

CRGI discloses sole voting power over 20,459,015 shares and sole dispositive power over 20,559,072 shares. The filing classifies CRGI as an investment adviser division and states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Positive

• Institutional stake of 5.4% representing 20,559,072 shares, a material holding that signals institutional interest in KB Financial Group
• Sole voting power reported over 20,459,015 shares and sole dispositive power over 20,559,072 shares, clarifying control of the reported position
• Schedule 13G filing indicates the position is held in the ordinary course, consistent with passive institutional ownership

Negative

• None.

Insights

Financial Analyst

TL;DR: A meaningful 5.4% institutional stake shows material ownership but the Schedule 13G indicates passive intent, so immediate control shifts are unlikely.

The filing documents that Capital Research Global Investors beneficially owns 20,559,072 shares (5.4% of 381,462,103 shares outstanding). That size of holding is large enough to warrant attention from investors and may reflect confidence or portfolio exposure to KB Financial Group. Because the disclosure is on a Schedule 13G and includes a certification of ordinary-course holdings, CRGI indicates it is not pursuing control. The holder reports sole voting power for 20,459,015 shares and sole dispositive power for the full 20,559,072 shares.

Corporate Governance Expert

TL;DR: Schedule 13G signals passive ownership; the stake increases institutional voice but does not, by itself, indicate governance action.

From a governance perspective, the filing shows CRGI holds significant voting and dispositive authority over a >5% stake, which gives the investor standing to engage with management or vote at shareholder meetings. However, the explicit certification that the shares are held in the ordinary course and not to change control suggests no immediate activist intent. The presence of 59,551 depository receipts in the count is a technical detail but does not alter the overall ownership percentage reported.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

KB Financial Group Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

Y46007103

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. Y46007103

1

Names of Reporting Persons

Capital Research Global Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,459,015.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,559,072.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,559,072.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KB Financial Group Inc.
(b)	Address of issuer's principal executive offices: 141, UISADANG-DAERO, YEONGDEUNGPO-GU, SEOUL 07332, Republic of Korea
Item 2.
(a)	Name of person filing: Capital Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: Y46007103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 20,559,072 ** **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 20,559,072 shares or 5.4% of the 381,462,103 shares believed to be outstanding. Shares reported include 59,551 Depository Receipts, which represent 59,551 Common Stock.
(b)	Percent of class: 5.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 20,459,015
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 20,559,072
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	08/05/2025

FAQ

How many KB (KB) shares does Capital Research Global Investors own?

Capital Research Global Investors beneficially owns 20,559,072 shares of KB, representing 5.4% of the 381,462,103 shares cited in the filing.

Does the Schedule 13G filing indicate CRGI intends to influence control of KB?

No. The filing includes a certification stating the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

What voting power does Capital Research have over KB shares?

The filer reports sole voting power over 20,459,015 shares and no shared voting power in the filing.

How is Capital Research Global Investors classified in the filing?

The filing identifies Capital Research Global Investors as an investment adviser (IA), a division of Capital Research and Management Company and related investment management entities.

Are Depository Receipts included in the reported holding?

Yes. The filing states the total includes 59,551 Depository Receipts, which represent the same number of common shares.