# KB Financial Group

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{{Short description|Korean financial services company}}
{{Infobox company
| name = KB Financial Group Inc
| logo = KB logo.svg
| logo_size = 
| logo_alt = 
| logo_caption = 
| image = 
| image_size = 
| image_alt = 
| image_caption = 
| trade_name = 
| native_name = 주식회사 케이비금융지주
| native_name_lang = ko
| romanized_name = 
| former_name = 
| type = [Public](/source/Public_company)
| traded_as = {{kse|105560}}<br>{{NYSE|KB}} (ADR)
| ISIN = KR7105560007
| industry = [Financial services](/source/Financial_services)
| genre = 
| predecessor = <!-- or: | predecessors = -->
| founded = {{Start date|2008|9|29}} {{small|(holding company)}}
| founder = <!-- or: | founders = -->
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| fate = 
| successor = <!-- or: | successors = -->
| hq_location = 
| hq_location_city = [Seoul](/source/Seoul)
| hq_location_country = South Korea
| num_locations = 
| num_locations_year = <!-- Year of num_locations data (if known) -->
| area_served = <!-- or: | areas_served = -->
| key_people = Yoon Jong-kyoo (chairman & CEO)
| products = 
| production = 
| production_year = <!-- Year of production data (if known) -->
| brands = 
| services = 
| revenue = {{decrease}}[US](/source/United_States_Dollar)$17.2 billion
| revenue_year = 2022
| operating_income = 
| income_year = <!-- Year of operating_income data (if known) -->
| net_income = {{decrease}}[US](/source/United_States_Dollar)$3.547 billion
| net_income_year = 2022
| aum = <!-- Only for financial-service companies -->
| assets = {{decrease}}[US](/source/United_States_Dollars)$508 billion
| assets_year = 2022
| equity = 
| equity_year = <!-- Year of equity data (if known) -->
| owner = <!-- or: | owners = -->
| members = 
| members_year = <!-- Year of members data (if known) -->
| num_employees = 
| num_employees_year = <!-- Year of num_employees data (if known) -->
| parent = 
| divisions = 
| subsid = [Kookmin Bank](/source/Kookmin_Bank)<br />[KB Life Insurance](/source/KB_Life_Insurance)
| module = <!-- Used to embed other templates -->
| ratio = <!-- Basel III ratio; used for banks only -->
| rating = <!-- Credit rating; used for banks only -->
| website = {{URL|https://www.kbfg.com/Eng/index.jsp|www.kbfg.com}}
| footnotes = <ref name=F6K>{{cite web |url=https://www.sec.gov/Archives/edgar/data/1445930/000119312521074369/d129420d6k.htm |title=Audit Report of KB Financial Group Inc. for Fiscal Year 2020 |author=<!--Not stated--> |date=March 9, 2021 |website= |publisher=[U.S. Securities and Exchange Commission](/source/U.S._Securities_and_Exchange_Commission) |access-date= |quote=}}</ref>
}}

'''KB Financial Group Inc''' ({{Korean |hangul=주식회사 케이비금융지주 |rr=Jusik-hoesa Keibi Geumyung Jiju}}) is a [finance](/source/finance) holding [company](/source/company) headquartered in [Seoul](/source/Seoul), South Korea. The Group and its subsidiaries provide a broad range of banking and financial services. It is one of the domestic systemically important banks (D-SIBs) identified by the [Financial Services Commission](/source/Financial_Services_Commission_(South_Korea)).<ref>{{cite web |url=http://www.fsc.go.kr:8300/v/pGrsOF6TKhg |title=FSC Identifies D-SIBs for 2021 |author=<!--Not stated--> |date=June 24, 2020 |website= |publisher=[Financial Services Commission](/source/Financial_Services_Commission_(South_Korea)) |access-date= |quote=}}</ref>

== History ==
KB Financial Group was established through the restructuring of Kookmin Bank into a holding company in September 2008. Kookmin Bank launched a financial holding firm to boost non-banking operations such as brokerage, insurance, and consumer finance.<ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |date=April 30, 2008 |title=Kookmin shares to be suspended in Sept for holding co. |url=https://www.reuters.com/article/sppage012-seo16444-oisbn-idUKSEO1644420080430 |work=[Reuters](/source/Reuters) |location= |access-date=}}</ref><ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |date=April 6, 2011 |title=Kookmin Bank plans block sale of stake in parent - report |url=https://www.reuters.com/article/koominbank-sale-idUSL3E7F608B20110406 |work=[Reuters](/source/Reuters) |location= |access-date=}}</ref> After its establishment, KB acquired non-banking financial services companies, including LIG Insurance, Hyundai Securities, Prudential Life Korea, etc.

In 2015, KB acquired LIG Insurance, South Korea's fourth-largest non-life insurance company with assets totaling 24 trillion won, from [LIG Group](/source/LIG_Group) and changed its name to KB Insurance.<ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |date=March 25, 2015 |title=KB Financial finalizes LIG Insurance acquisition price |url=https://pulsenews.co.kr/view.php?year=2015&no=282946 |work=[Maeil Business Newspaper](/source/Maeil_Business_Newspaper) |location= |access-date=}}</ref><ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |date=Jun 19, 2015  |title=KB Financial to wrap up LIG takeover next week |url=https://koreaherald.com/view.php?ud=20150619000959 |work=[The Korea Herald](/source/The_Korea_Herald) |location= |access-date=}}</ref> KB also took over Hyundai Securities from [Hyundai Group](/source/Hyundai_Group) after beating Korea Investment and Hong Kong–based private equity firm [Actis](/source/Actis_Capital) in 2016.<ref>{{cite news |last=Choi |first=Kyongae |date=March 31, 2016 |title=KB picked as preferred bidder for Hyundai Securities |url=https://en.yna.co.kr/view/AEN20160331010700320 |work=[Yonhap](/source/Yonhap) |location=[Seoul](/source/Seoul) |access-date=}}</ref> KB has merged its existing stock brokerage firm KB Investment & Securities with Hyundai Securities and renamed it as KB Securities. In 2020, KB reinforced its [life insurance](/source/life_insurance) business by acquiring a 100% stake in [Prudential Financial Inc](/source/Prudential_Financial_Inc)'s South Korean unit for 2.3 trillion won.<ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |date=April 10, 2020 |title=KB Financial Group acquires Prudential's South Korean unit for $1.89 billion |url=https://www.reuters.com/article/us-prudential-finl-kb-financial-sale-idUKKCN21S0HW |work=[Reuters](/source/Reuters) |location= |access-date=}}</ref><ref name=F6K/>

In 2021, KB Financial Group bought a majority stake in the Indonesia-based Bank Bukopin and changed its name to [KB Bukopin](/source/%3Aid%3AKB_Bukopin).<ref>{{Cite news|title=KB Bukopin Siap Menjadi Bintang Finansial Indonesia|url=https://www.bukopin.co.id/read/242-kb-bukopin-siap-menjadi-bintang-finansial-indonesia|website=Bank Bukopin|date=23 February 2021|access-date=11 March 2023|language=ID|archive-date=11 March 2023|archive-url=https://web.archive.org/web/20230311080946/https://www.bukopin.co.id/read/242-kb-bukopin-siap-menjadi-bintang-finansial-indonesia|url-status=dead}}</ref>

For the year 2025, South Korea’s four largest financial holding companies (KB Financial Group, [Shinhan Financial Group](/source/Shinhan_Financial_Group), [Hana Financial Group](/source/Hana_Financial_Group), and [Woori Financial Group](/source/Woori_Financial_Group)) reported a combined nearly 18 trillion won ($12.6 billion) in net profit. Specifically, KB posted the strongest growth, with net profit rising 15.1% to 5.84 trillion won.<ref>{{Cite web |last=Kim |first=Jin-Seong |last2=Jang |first2=Hyun-Ju |last3=Jeong |first3=Eui-Jin |date=2026-02-06 |title=Korea’s big 4 financial groups post record $12.3 bn profit as fees surge |url=https://www.kedglobal.com/earnings/newsView/ked202602060004 |access-date=2026-04-14 |website=[The Korea Economic Daily](/source/The_Korea_Economic_Daily)}}</ref>

In February 2026, it was announced that KB had broken above value for the first time. This milestone fueled expectations of a broader re-rating across domestic financial holding firms long viewed as chronically undervalued.<ref>{{Cite web |last=Kim |first=Jin-Seong |last2=Jo |first2=Mi-Hyun |last3=Ryu |first3=Eunhyeok |date=2026-02-11 |title=KB Financial breaks through book value for 1st time, signaling re-rating of Korea’s bank holding groups |url=https://www.kedglobal.com/banking-finance/newsView/ked202602110005 |access-date=2026-04-14 |website=[The Korea Economic Daily](/source/The_Korea_Economic_Daily)}}</ref>

== Operations ==
There are 13 subsidiaries under KB Financial Group, including [Kookmin Bank](/source/Kookmin_Bank), KB Securities, KB Insurance, KB Kookmin Card, Prudential Life Insurance Korea, KB Asset Management, KB Capital, [KB Life Insurance](/source/KB_Life_Insurance), KB Real Estate Trust, KB Savings Bank, KB Investment, KB Data Systems, and KB Credit Information

== See also ==
* [Uijeongbu KB Insurance Stars](/source/Uijeongbu_KB_Insurance_Stars)

== References ==
{{reflist}}

== External links ==
* {{Official website|www.kbfg.com/Eng/index.jsp}}
{{Finance links
|name= KB Financial Group ({{kse|105560}})
|google= 105560:KRX
|yahoo= 105560.KS
|bloomberg= 105560:KS
|reuters= 105560.KS
}}

{{KOSPI 200}}
{{S&P Asia 50}}

{{authority control|state=expanded}}

Category:KB Financial Group Inc
Category:Companies based in Seoul
Category:South Korean brands
Category:Companies listed on the Korea Exchange
Category:Companies in the KOSPI 200
Category:Companies in the S&P Asia 50
Category:South Korean companies established in 2008
Category:Financial services companies of South Korea

{{SouthKorea-company-stub}}

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Adapted from the Wikipedia article [KB Financial Group](https://en.wikipedia.org/wiki/KB_Financial_Group) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/KB_Financial_Group?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.