{{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 | traded_as = {{kse|105560}}<br>{{NYSE|KB}} (ADR) | ISIN = KR7105560007 | industry = 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 | 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$17.2 billion | revenue_year = 2022 | operating_income = | income_year = <!-- Year of operating_income data (if known) --> | net_income = {{decrease}}US$3.547 billion | net_income_year = 2022 | aum = <!-- Only for financial-service companies --> | assets = {{decrease}}US$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<br />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 |access-date= |quote=}}</ref> }}
'''KB Financial Group Inc''' ({{Korean |hangul=주식회사 케이비금융지주 |rr=Jusik-hoesa Keibi Geumyung Jiju}}) is a finance holding company headquartered in 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.<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 |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 |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 |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 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 |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 |location= |access-date=}}</ref> KB also took over Hyundai Securities from Hyundai Group after beating Korea Investment and Hong Kong–based private equity firm Actis 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 |location=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 business by acquiring a 100% stake in 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 |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.<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, Hana Financial Group, and 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}}</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}}</ref>
== Operations == There are 13 subsidiaries under KB Financial Group, including Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, Prudential Life Insurance Korea, KB Asset Management, KB Capital, 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
== 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
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