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 August 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 ☐

 

Index

1. Summary of the 2026 First Half Business Report

2. Exhibit 99.1 KB Financial Group Review Report for the First Half of 2026 (Consolidated)

3. Exhibit 99.2 KB Financial Group Review Report for the First Half of 2026 (Separate)

TABLE OF CONTENTS

 

1.		Introduction to the Company
1.1.		Business Purpose
1.2.		History
1.3.		Overview of the Business Group
1.4.		Capital Structure
1.5.		Dividends
1.6.		Amendments to the Articles of Incorporation
2.		Business
2.1.		Results of Operations
2.2.		Sources and Uses of Funds
2.3.		Other Information to Consider in Making an Investment Decision
3.		Financial Information
3.1.		Consolidated Financial Information
3.2.		Separate Financial Information
3.3.		Other Selected Financial Data
3.4.		Other Financial Information
4.		Independent Public Accountants
4.1.		Audit/ Review Services
4.2.		Public Company Accounting Oversight Board (“PCAOB”) Audit Services
4.3.		Change in Auditor
5.		Corporate Governance and Affiliated Companies
5.1.		Board of Directors & Committees under the Board
5.2.		Audit Committee
5.3.		Compensation to Directors
5.4.		Top 5 Highest-Paid Individuals
5.5.		Stock-based Compensation
5.6.		Affiliated Companies
6.		Directors, Senior Management and Employees
6.1.		Executive Directors
6.2.		Non-standing Directors
6.3.		Non-executive Directors
6.4.		Senior Management
6.5.		Employees
7.		Major Shareholders and Related Party Transactions
7.1.		Major Shareholders
7.2.		Changes in the Largest Shareholder
7.3.		Employee Stock Ownership Association
7.4.		Investments in Affiliated Companies
7.5.		Related Party Transactions

8.		Internal Controls
8.1.		Management’s Assessment of the Effectiveness of the Internal Accounting Management System
8.2.		Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System
8.3.		External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System

Summary of 2026 First Half Business Report

On August 14, 2026, KB Financial Group Inc. (“KB Financial Group,” the “Company” or the “Group”) filed its business report for the first half of 2026 (the “Business Report”) with the Financial Services Commission of Korea and the Korea Exchange. This is a summary of the Business Report translated into English.

Except where indicated otherwise, financial information contained in this summary have been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“K-IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “KB Financial Group,” “we,” “us,” the “Company” or the “Group” are to KB Financial Group and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

1. Introduction to the Company

1.1. Business Purpose

KB Financial Group is a financial holding company that was established in September 2008. Its main business purpose is to hold shares in companies that are engaged in financial or related services, as well as govern and manage such companies. Its consolidated subsidiaries are primarily engaged in the banking business, as well as the credit card business, the financial investment business, the insurance business and other related businesses.

1.2. History

 

•

September 26, 2008

Obtained final approval from the Financial Services Commission to establish a financial holding company

 

•

September 29, 2008

Establishment of the Company through a comprehensive stock transfer and listing on the New York Stock Exchange

 

•

October 10, 2008

Listing on the Korea Exchange

 

•

October 20, 2008

The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

 

•

October 31, 2008

The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service

 

•

May 4, 2009

Added Kookmin Bank Cambodia PLC. as a second-tier subsidiary

 

•

June 22, 2009

Added KB Life Insurance Co., Ltd. (“KB Life Insurance”), formerly a second-tier subsidiary, as a first-tier subsidiary

 

•

July 1, 2009

Changed the name of KB Venture Capital Co., Ltd. to KB Investment Co., Ltd. (“KB Investment”)

 

•

January 22, 2010

The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

 

•

March 2, 2011

Added KB Kookmin Card Co., Ltd. (“KB Kookmin Card”) as a first-tier subsidiary following the spin-off of Kookmin Bank’s credit card business unit.

 

•

March 14, 2011

KB Futures Co., Ltd. was merged into KB Investment & Securities Co., Ltd. (“KB Investment & Securities”)

 

•

July 8, 2011

The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service

•

January 13, 2012

Added KB Savings Bank Co., Ltd. (“KB Savings Bank”) as a first-tier subsidiary

 

•

October 10, 2012

Added KB Kookmin Bank (China) Ltd. as a second-tier subsidiary

 

•

June 20, 2013

Acquired the remaining shares of KB Life Insurance, which increased the Company’s shareholding to 100%

 

•

September 2, 2013

Added Yehansoul Savings Bank as a first-tier subsidiary

 

•

January 13, 2014

Yehansoul Savings Bank was merged into KB Savings Bank

 

•

March 20, 2014

Added KB Capital Co., Ltd. (“KB Capital”) as a first-tier subsidiary

 

•

June 24, 2015

Added KB Insurance Co., Ltd. (“KB Insurance”) as a non-consolidated first-tier subsidiary

 

•

November 23, 2015

Acquired additional shares of KB Insurance, which increased the Company’s shareholding from 19.47% to 33.29%

 

•

May 31, 2016

Added Hyundai Securities Co., Ltd. (“Hyundai Securities”) as a non-consolidated first-tier subsidiary

 

•

June 21, 2016

Disposed of LIG Investment & Securities, Co., Ltd., a second-tier subsidiary

 

•

June 28, 2016

Acquired treasury shares of Hyundai Securities, which increased the Company’s equity ownership in Hyundai Securities from 22.56% to 29.62%

 

•

December 1, 2016

Added KB Golden Life Care Co., Ltd. as a second-tier subsidiary

 

•

December 30, 2016

Merged KB Investment & Securities with and into Hyundai Securities, with Hyundai Securities as the surviving entity, then changed its name to KB Securities Co., Ltd. (“KB Securities”)

 

•

February 8, 2017

Added KB KOLAO LEASING Co., Ltd. as a second-tier subsidiary

 

•

March 8, 2017

Added KB Microfinance Myanmar Co., Ltd. as a second-tier subsidiary

 

•

July 7, 2017

Converted KB Insurance and KB Capital into wholly-owned subsidiaries of the Company through comprehensive stock swaps

 

•

September 29, 2017

Added KB Asset Management Singapore Pte. Ltd. as a second-tier subsidiary (changed from a second-tier subsidiary of KB Securities to a first-tier subsidiary of KB Asset Management Co., Ltd.)

•

October 9, 2017

Added KB SECURITIES VIETNAM JOINT STOCK COMPANY (formerly MARITIME SECURITIES INCORPORATION) as a second-tier subsidiary

 

•

October 16, 2017

Disposed of Hyundai Savings Bank, Co., Ltd., a second-tier subsidiary

 

•

December 22, 2017

Disposed of Hyundai Asset Management, Co., Ltd., a second-tier subsidiary

 

•

July 6, 2018

Added KB Daehan Specialized Bank PLC. as a second-tier subsidiary

 

•

August 21, 2018

Added KBAM Shanghai Advisory Services Co., Ltd. as a second-tier subsidiary

 

•

April 10, 2020

Added PRASAC Microfinance Institution PLC. as a second-tier subsidiary

 

•

May 18, 2020

Added PT Sunindo Kookmin Best Finance as a second-tier subsidiary

 

•

July 3, 2020

Added PT KB Finansia Multi Finance as a second-tier subsidiary

 

•

August 31, 2020

Added Prudential Life Insurance Company of Korea, Ltd. (“Prudential Life Insurance”) as a first-tier subsidiary

 

•

September 2, 2020

Added PT Bank Bukopin Tbk as a second-tier subsidiary (renamed PT Bank KB Bukopin, Tbk. on February 8, 2021)

 

•

December 16, 2020

Added KB FINA JOINT STOCK COMPANY as a second-tier subsidiary

 

•

December 23, 2020

Added KB Bank Myanmar Co., Ltd. as a second-tier subsidiary

 

•

January 29, 2021

Added J Fintech Co., Ltd as a second-tier subsidiary (renamed KB J Capital Co., Ltd. on February 16, 2021)

 

•

March 2, 2021

Added PT KB Data Systems Indonesia as a second-tier subsidiary

 

•

October 8, 2021

Added KB Healthcare Co., Ltd. as a second-tier subsidiary

 

•

February 14, 2022

Added PT KB Valbury Sekuritas as a second-tier subsidiary

 

•

May 10, 2022

Added KB Life Partners Co., Ltd. as a second-tier subsidiary

 

•

December 26, 2022

Added i-Finance Leasing Plc. as a second-tier subsidiary

 

•

December 26, 2022

Renamed Prudential Life Insurance Company of Korea, Ltd. to KB Life Insurance Co., Ltd.

•

January 1, 2023

Merged KB Life Insurance with and into KB Life Insurance Co., Ltd. (former Prudential Life Insurance Company of Korea, Ltd.)

 

•

June 30, 2023

Withdrew KB Credit Information Co., Ltd. as a first-tier subsidiary and added it as a second-tier subsidiary as it became a subsidiary of KB Kookmin Card Co., Ltd. (a first-tier subsidiary)

 

•

August 4, 2023

Merged KB Bank Cambodia Plc. with and into PRASAC Microfinance Institution Plc.; renamed the merged entity KB PRASAC BANK PLC. and converted it into a commercial bank

 

•

October 5, 2023

Transferred KB Golden Life Care Co., Ltd. from being a subsidiary of KB Insurance Co., Ltd. to a subsidiary of KB Life Insurance Co., Ltd.

 

•

December 13, 2023

Added Teamwink Inc. as a second-tier subsidiary (renamed to KBFintech Co., Ltd. on October 14, 2024)

 

•

June 3, 2024

Added KB Fund Partners as a second-tier subsidiary following the split-off of Kookmin Bank’s fund services business unit

 

•

June 5, 2024

Renamed PT Valbury Capital Management to PT KB Valbury Asset Management

 

•

December 19, 2024

Merged KB Daehan Specialized Bank Plc. with i-Finance Leasing Plc.

 

•

February 18, 2025

Renamed KB Fina Joint Stock Company to KB Fina Company Limited

 

•

August 11, 2025

Renamed PT Bank KB Bukopin, Tbk. to PT Bank KB Indonesia, Tbk.

 

•

April 24, 2026

Withdrew KBAM Shanghai Advisory Services Co., Ltd. as a second-tier subsidiary

1.3. Overview of the Business Group

 

				(As of June 30, 2026)
Type		Name of Company		Controlling Company		Remarks
Holding Company		KB Financial Group		—		Listed
1st Tier Subsidiaries		Kookmin Bank		KB Financial Group		Not listed
		KB Securities Co., Ltd.		KB Financial Group		Not listed
		KB Insurance Co., Ltd.		KB Financial Group		Not listed
		KB Kookmin Card Co., Ltd.		KB Financial Group		Not listed
		KB Life Insurance Co., Ltd.		KB Financial Group		Not listed
		KB Asset Management Co., Ltd.		KB Financial Group		Not listed
		KB Capital Co., Ltd.		KB Financial Group		Not listed
		KB Real Estate Trust Co., Ltd.		KB Financial Group		Not listed
		KB Savings Bank Co., Ltd.		KB Financial Group		Not listed
		KB Investment Co., Ltd.		KB Financial Group		Not listed
		KB Data Systems Co., Ltd.		KB Financial Group		Not listed

				(As of June 30, 2026)
Type		Name of Company		Controlling Company		Remarks
2nd Tier Subsidiaries		PT Bank KB Indonesia, Tbk.(1)		Kookmin Bank		Listed (Overseas)
		Kookmin Bank (China) Limited		Kookmin Bank		Not listed (Overseas)
		KB Microfinance Myanmar Co., Ltd.		Kookmin Bank		Not listed (Overseas)
		KB Bank Myanmar Co., Ltd.		Kookmin Bank		Not listed (Overseas)
		KB PRASAC BANK PLC		Kookmin Bank		Not listed (Overseas)
		KB Fund Partners		Kookmin Bank		Not listed
		KBFG Securities America Inc.		KB Securities		Not listed (Overseas)
		KB Securities Hong Kong Ltd.		KB Securities		Not listed (Overseas)
		KB Securities Vietnam Joint Stock Company		KB Securities		Not listed (Overseas)
		KB-TS Technology Venture Private Equity Fund		KB Securities		Not listed
		KB-Stonebridge Secondary Private Equity Fund		KB Securities		Not listed
		KB-SPROTT Renewable Private Equity Fund I		KB Securities		Not listed
		KB-NAU Special Situation Corporate Restructuring Private Equity Fund		KB Securities		Not listed
		U-KB Credit No.1 Private Equity I		KB Securities		Not listed
		KB-SBI Global Strategic Capital Fund		KB Securities		Not listed
		KB FINA Company Limited		KB Securities		Not listed (Overseas)
		PT KB Valbury Sekuritas		KB Securities		Not listed (Overseas)
		KB-LB Middle Market Enterprises Innovation Private Equity Fund		KB Securities		Not listed
		KB-IMM New Star Real Estate Private Fund I		KB Securities		Not listed
		KB-Novus Genesis Private Equity Fund		KB Securities		Not listed
		KB-IMM New Star Real Estate Private Fund II		KB Securities		Not listed
		KB-NH Corporate Financial Stability Private Equity Fund		KB Securities		Not listed
		KB-Mark-Flow Credit Private Fund		KB Securities		Not listed
		KB-MDM Alternative Private Fund I		KB Securities		Not listed
		IGIS KB Opportunistic Private Equity Fund No.1 Limited Partnership		KB Securities		Not listed
		KB Claims Survey & Adjusting Co., Ltd.		KB Insurance		Not listed
		KB Sonbo Customer & Service		KB Insurance		Not listed
		Leading Insurance Services, Inc		KB Insurance		Not listed (Overseas)
		KBFG Insurance (China) Co., Ltd		KB Insurance		Not listed (Overseas)
		PT. KB Insurance Indonesia		KB Insurance		Not listed (Overseas)
		KB Healthcare Co., Ltd.		KB Insurance		Not listed
		KB Credit Information Co., Ltd.		KB Kookmin Card		Not listed
		KB Daehan Specialized Bank Plc.		KB Kookmin Card		Not listed (Overseas)
		PT KB Finansia Multi Finance		KB Kookmin Card		Not listed (Overseas)
		KB J Capital Co., Ltd		KB Kookmin Card		Not listed (Overseas)
		KB Life Partners Co., Ltd		KB Life Insurance		Not listed

				(As of June 30, 2026)
Type		Name of Company		Controlling Company		Remarks
		KB Golden Life Care Co., Ltd.		KB Life Insurance		Not listed
		KB Asset Management Singapore Pte. Ltd.		KB Asset Management		Not listed (Overseas)
		PT KB Valbury Asset Management		KB Asset Management		Not listed (Overseas)
		KB Co-investment 1st Private Equity Fund		KB Asset Management		Not listed
		KB Mezzanine Capital 4th Private Equity Fund		KB Asset Management		Not listed
		KB KOLAO LEASING Co., Ltd		KB Capital		Not listed (Overseas)
		PT. Sunindo Kookmin Best Finance		KB Capital		Not listed (Overseas)
		KBFintech Inc.		KB Capital		Not listed
		FineKB Private Equity Fund No.1		KB Investment		Not listed
		KB Bio Global Expansion Private Equity Fund No.1		KB Investment		Not listed
		KB-Badgers Future Mobility ESG Fund I		KB Investment		Not listed
		FineKB Private Equity Fund No.2		KB Investment		Not listed
		PT KB Data Systems Indonesia		KB Data Systems		Not listed (Overseas)
3rd Tier Subsidiaries		PT KB Bukopin Finance		PT Bank KB Bukopin, Tbk.		Not listed (Overseas)
		PT Bank KB Bukopin Syariah		PT Bank KB Indonesia, Tbk.		Not listed (Overseas)
		Mangrove Master Fund		KB Asset Management Singapore Pte. Ltd.		Not listed (Overseas)
		Mangrove Feeder Fund		KB Asset Management Singapore Pte. Ltd.		Not listed (Overseas)

1.4. Capital Structure

1.4.1. Common Shares

Changes in Capital

 

(As of June 30, 2026)																(Unit: Won, shares)
Date		Type		Number of Shares Issued or Cancelled				Par Value				Price				Remarks
September 29, 2008		Common Stock			356,351,693				5,000				48,444			Establishment of the Company
September 2, 2009		Common Stock			30,000,000				5,000				37,250			% increase in number of common shares: 8.41865%
October 19, 2016		Common Stock			31,759,844				5,000				35,474			% increase in number of common shares: 8.22045%
December 12, 2019		Common Stock			2,303,617				5,000				—			Share Cancellation(1)
February 14, 2022		Common Stock			3,455,426				5,000				—			Share Cancellation(1)
August 1, 2022		Common Stock			3,455,426				5,000				—			Share Cancellation(1)
April 4, 2023		Common Stock			5,385,996				5,000				—			Share Cancellation(1)
August 14, 2024		Common Stock			9,982,649				5,000				—			Share Cancellation(1)
May 15, 2025		Common Stock			12,066,320				5,000				—			Share Cancellation(1)
January 15, 2026		Common Stock			8,611,648				5,000				—			Share Cancellation(1)
May 15, 2026		Common Stock			18,162,721				5,000				—			Share Cancellation(1)

 

Note:

(1) The cancelled shares constituted treasury shares acquired pursuant to a resolution of the board of directors of the Company within the limits of profit available for dividend payment, and as such, there was no change in paid-in capital.

Number of Shares

 

(As of June 30, 2026)		(Unit: shares)
		Type
		Common Shares				Preferred Shares				Total				Remarks
Shares Authorized for Issuance			1,000,000,000				—				1,000,000,000				As specified in the Articles of Incorporation
Total Shares Issued (A)			418,111,537				—				418,111,537				—
Decrease in Number of Shares (B)			63,423,803				—				63,423,803				—
1. Capital Reduction			—				—				—				—
2. Cancellation			63,423,803				—				63,423,803				Cancellation of Treasury Shares
3. Redemption			—				—				—				—
4. Other			—				—				—				—
Shares Issued as of June 30, 2026 (C=A-B)			354,687,734				—				354,687,734				—
Treasury Shares (D)			1,300,000				—				1,300,000				—
Shares Outstanding (C—D)			353,387,734				—				353,387,734				—
Treasury Share Holding Ratio			0.4	%			—				0.4	%			—

 

Notes:

(1) The 63,423,803 cancelled shares above are within the limits of profit available for dividend payment, and as such, there will be no change in paid-in capital although the total number of issued shares will decrease.

1.4.2. Voting Rights

 

(As of June 30, 2026)										(Unit: shares)
Items						Number of Shares				Notes
Total number of issued shares			Common shares				354,687,734				—
			Preferred shares				—				—
Shares without voting rights			Common shares				1,300,000				Treasury Shares
			Preferred shares				—				—
Shares for which voting rights cannot be exercised pursuant to the Articles of Incorporation			—				—				—
Shares for which voting rights are restricted under relevant laws and regulations			—				—				—
Shares with restored voting rights			—				—				—
Total shares for which voting rights may be exercised			Common shares				353,387,734				—
			Preferred shares				—				—

 

Notes:

(1) On July 23, 2026, the board of directors of the Company resolved to acquire and cancel certain of the Company’s treasury shares, and the acquisition of treasury shares has been in progress since July 24, 2026. The acquired shares are scheduled to be canceled upon completion of the acquisition. Such shares are not included in the number of shares without voting rights as of June 30, 2026 above.

(2) On April 23, 2026, the board of directors of the Company resolved to acquire and cancel certain of the Company’s treasury shares. Pursuant to such resolution, the Company commenced the acquisition of treasury shares on April 24, 2026, and completed such acquisition on July 16, 2026, acquiring a total of 3,581,623 treasury shares. Such shares are expected to be canceled on December 23, 2026. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on July 16, 2026.

(3) On February 5, 2026, the board of directors of the Company resolved to acquire and cancel certain of the Company’s treasury shares. Pursuant to such resolution, the Company commenced the acquisition of treasury shares on February 6, 2026, and completed such acquisition on April 7, 2026 acquiring a total of 3,899,988 treasury shares. The Company canceled the acquired treasury shares on May 15, 2026. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on April 9, 2026.

(4) On April 23, 2026, the board of directors of the Company resolved to cancel certain of the Company’s existing treasury shares, and accordingly, 14,262,733 of such existing treasury shares were canceled on May 15, 2026. For more information, please refer to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on April 23, 2026.

1.5. Dividends

On October 24, 2024, KB Financial Group disclosed a detailed plan to enhance corporate value titled “KB Financial Group’s Sustainable Value-up Plan,” which includes information on shareholder returns and dividends. The key details of the plan are as outlined below (the full version of the plan can be accessed on KB Financial Group’s website at www.kbfg.com). On March 27, 2026, the Company announced that it met the requirements for a “High-Dividend Company” pursuant to Article 104-27 of the Special Tax Treatment Control Act of Korea.

(1) Financial Metrics and Calculation Methods to Determine Dividend Targets

First Phase: An amount corresponding to the capital exceeding 13% of its CET1 ratio as of the end of the year will be utilized as the resource for shareholder returns in the following year.

Second Phase: An amount corresponding to the capital exceeding 13.5% of its CET1 ratio in the second half of the year, accumulated through earnings generated throughout the year, will be utilized as additional resources for shareholder returns.

(2) Direction of Future Dividend Levels

Equal quarterly dividends will be distributed based on the total dividend amount calculated during the first phase of dividends. Additional shareholder returns may be distributed using the shareholder return resources calculated during the second phase. The Company’s shareholder return policy and plans are available via public disclosures and the Company’s official website.

(3) Dividend Restriction Policy

The amount of dividends may be reduced or limited if the capital ratios are expected to fall below regulatory requirements.

These goals and expectations are subject to adjustments based on economic uncertainties, regulatory considerations, capital ratio projections, and the Company’s strategic objectives, including potential inorganic growth opportunities.

KB Financial Group’s progress report on its Sustainable Value-up Plan is available on its website (www.kbfg.com).

 

1.5.1.

Dividend Confirmation and Record Date Schedule

 

Items		Fiscal Year-End		Dividend Payment Status		Dividend Amount Confirmation Date		Record Date
Quarterly Dividend		March 2024		Yes		April 25, 2024		March 31, 2024
Quarterly Dividend		June 2024		Yes		July 23, 2024		June 30, 2024
Quarterly Dividend		September 2024		Yes		October 24, 2024		September 30, 2024
Annual Dividend		December 2024		Yes		March 26, 2025		February 28, 2025
Quarterly Dividend		March 2025		Yes		May 12, 2025		May 12, 2025
Quarterly Dividend		June 2025		Yes		August 11, 2025		August 11, 2025
Quarterly Dividend		September 2025		Yes		November 14, 2025		November 14, 2025
Annual Dividend		December 2025		Yes		March 26, 2026		February 27, 2026
Quarterly Dividend		March 2026		Yes		May 8, 2026		May 8, 2026
Quarterly Dividend		June 2026		Yes		August 7, 2026		August 7, 2026

Notes:

(1) The dividend amount confirmation dates refer to the date at which both the resolution of the relevant body (the Annual General Meeting of Shareholders or the Board of Directors) and the dividend record date have occurred.

(2) With respect to annual dividends, the record date was decided through a resolution of the Board of Directors and announced two weeks in advance. With respect to quarterly dividends: (i) following an amendment to the Articles of Incorporation on March 26, 2025, the record date was decided through a resolution of the Board of Directors within 45 days of the end of the quarter and announced two weeks in advance; and (ii) prior to the amendment of the Articles of Incorporation, the record date was designated to be the end of March, June and September.

 

1.5.2.

Key Dividend Indicators

 

						(Unit: in millions of Won, except per share amounts and percentages)
Items						January 1, 2026 to June 30, 2026(1)				January 1, 2025 to December 31, 2025(2)				January 1, 2024 to December 31, 2024(3)
Par value per share (Won)							5,000				5,000				5,000
(Consolidated) Net income							3,884,590				5,833,162				5,078,221
(Consolidated) Earnings per share (Won)							10,670				15,410				12,880
Total cash dividends							810,246				1,577,774				1,198,257
Total stock dividends							—				—				—
(Consolidated) Cash dividend payout ratio (%)							20.9				27.0				23.6
Cash dividend yield (%)			Common shares				1.3				3.2				3.5
			—				—				—				—
Stock dividend yield (%)			Common shares				—				—				—
			—				—				—				—
Cash dividend per share (Won)			Common shares				2,298				4,367				3,174
			—				—				—				—
Stock dividend per share			Common shares				—				—				—
			—				—				—				—

 

Notes:

(1) Includes a quarterly dividend amount of Won 405,088 million (Won 1,143 per common share) in the first quarter of fiscal year 2026, and a quarterly dividend amount of Won 405,158 million (Won 1,155 per common share) in the second quarter of fiscal year 2026.

(2) Includes a quarterly dividend amount of Won 334,339 million (Won 912 per common share) in the first quarter of fiscal year 2025, a quarterly dividend amount of Won 334,652 million (Won 920 per common share) in the second quarter of fiscal year 2025, a quarterly dividend amount of Won 335,016 million (Won 930 per common share) in the third quarter of fiscal year 2025, and an annual dividend amount of Won 573,768 million (Won 1,605 per common share) for fiscal year 2025.

(3) Includes a quarterly dividend amount of Won 300,087 million (Won 784 per common share) in the first quarter of fiscal year 2024, a quarterly dividend amount of Won 299,999 million (Won 791 per common share) in the second quarter of fiscal year 2024, a quarterly dividend amount of Won 299,886 million (Won 795 per common share) in the third quarter of fiscal year 2024, and an annual dividend amount of Won 298,285 million (Won 804 per common share) for fiscal year 2024.

1.6. Amendments to the Articles of Incorporation

The Company’s Articles of Incorporation were most recently amended on March 26, 2026.

 

Date		Shareholder meeting through which the amendments were approved and ratified		Major changes		Reason for change
March 24, 2023		Annual General Meeting of Shareholders for Fiscal Year 2022		Establishment of: (i) the basis for determining the record date for the payment of dividends through a resolution of the Board of Directors, and (ii) an equal dividend payment policy with respect to shares in the same class, through the amendment of articles 10, 11, 15, 16, 17, 18, 19, 20, 49, 59, and 60		Establishment of the basis for determining the record date for the payment of dividends through a resolution of the Board of Directors
March 26, 2025		Annual General Meeting of Shareholders for Fiscal Year 2024		(i) Additional items designated as matters to be determined through a resolution of the Board of Directors, (ii) the establishment of an internal control committee within the Board of Directors, and (iii) allowing the determination of record dates for quarterly dividends through a resolution of the Board of Directors, through the amendment of articles 14, 20-2, 44, 48, 51, 52, 56, 59 and 60.		Establishment of an internal control committee in accordance with amendments to the Act on Corporate Governance of Financial Companies, and the establishment of a basis for determining the record date for quarterly dividends through a resolution of the Board of Directors in accordance with amendments to the Financial Investment Services and Capital Markets Act.
March 26, 2026		Annual General Meeting of Shareholders for Fiscal Year 2025		(i) Implementation of electronic general meetings of shareholders and (ii) an expansion of the scope of directors’ duty of loyalty, through the amendment of articles 26, 31 and 42.		Establishment of a legal basis for holding electronic general meetings of shareholders and expanding the scope of directors’ duty of loyalty pursuant to the amendment of the Commercial Code.

2. Business

2.1. Results of Operations

 

										((Unit: in millions of Won)
		For the six months ended June 30, 2026				For the six months ended June 30, 2025				For the year ended December 31, 2025				For the year ended December 31, 2024
Net interest income			6,478,260				6,368,691				13,073,093				12,826,714
Interest income			14,511,829				14,739,574				29,156,100				30,491,385
Interest expense			(8,033,569	)			(8,370,883	)			(16,083,007	)			(17,664,671	)
Net fee and commission income			2,961,245				1,965,984				4,098,287				3,849,627
Fee and commission income			3,904,194				2,777,199				5,773,521				5,481,843
Fee and commission expense			(942,949	)			(811,215	)			(1,675,234	)			(1,632,216	)
Net insurance income			755,716				849,889				1,303,373				1,649,761
Insurance income			6,399,754				6,144,414				12,376,546				11,456,191
Insurance expense			(5,644,038	)			(5,294,525	)			(11,073,173	)			(9,806,430	)
Net gains on financial assets/liabilities at fair value through profit or loss			2,585,745				2,112,363				3,380,205				1,012,081
Other insurance finance expenses			(1,996,585	)			(413,291	)			(1,026,721	)			(437,001	)
Net other operating expenses			(676,852	)			(1,791,668	)			(2,883,075	)			(1,873,011	)
General and administrative expenses			(3,654,401	)			(3,355,261	)			(7,064,573	)			(6,938,624	)
Operating profit before provision for credit losses			6,453,128				5,736,707				10,880,589				10,089,547
Provision for credit losses			(1,013,014	)			(1,310,708	)			(2,362,878	)			(2,044,286	)
Net operating profit			5,440,114				4,425,999				8,517,711				8,045,261

 

Notes:

(1) Based on K-IFRS (on a consolidated basis).

2.2.	Sources and Uses of Funds

 

2.2.1.

Sources of Funds

 

																												(Unit: in millions of Won)
				For the six months ended June 30, 2026												For the year ended December 31, 2025												For the year ended December 31, 2024
				Average Balance				Interest Rate (%)				Ratio (%)				Average Balance				Interest Rate (%)				Ratio (%)				Average Balance				Interest Rate (%)				Ratio (%)
Won Currency		Deposits			389,098,492				1.90				47.70				375,826,777				2.07				48.43				359,346,604				2.45				48.87
		Certificate of deposit			15,062,496				2.92				1.85				10,813,731				2.99				1.39				11,148,293				3.84				1.52
		Borrowings			38,249,140				2.59				4.69				35,428,675				2.67				4.57				32,774,664				3.47				4.46
		Call money			1,104,918				2.58				0.14				1,885,958				2.65				0.24				1,747,858				3.43				0.24
		Debentures			64,509,876				3.36				7.91				61,625,699				3.50				7.94				58,497,966				3.67				7.96
		Others			32,260,573				3.35				3.95				28,701,227				3.23				3.70				24,034,767				4.09				3.26
Subtotal					540,285,495				2.24				66.24				514,282,067				2.37				66.27				487,550,152				2.78				66.31
Foreign Currency		Deposits			44,568,635				2.79				5.46				40,646,841				3.34				5.24				37,798,747				4.12				5.14
		Borrowings			17,968,004				3.35				2.20				17,858,282				3.77				2.30				18,638,964				4.60				2.54
		Call money			2,170,843				4.78				0.27				2,007,760				4.61				0.26				1,796,999				5.16				0.24
		Debentures			16,709,181				3.17				2.05				15,507,931				3.11				2.00				14,573,073				3.29				1.98
		Others			1,995,257				3.26				0.25				1,558,313				3.83				0.20				1,166,042				4.38				0.16
Subtotal					83,411,920				3.05				10.23				77,579,127				3.44				10.00				73,973,825				4.11				10.06
Others		Total shareholders’ equity			60,182,198				—				7.38				61,917,273				—				7.98				59,062,845				—				8.03
		Allowances			1,305,305				—				0.16				966,209				—				0.12				1,530,852				—				0.21
		Others			130,459,237				—				15.99				121,265,897				—				15.63				113,145,013				—				15.39
Subtotal					191,946,740				—				23.53				184,149,379				—				23.73				173,738,710				—				23.63
Total					815,644,155				—				100.00				776,010,573				—				100.00				735,262,687				—				100.00

 

Notes:

(1) Based on K-IFRS (on a consolidated basis).

2.2.2.

Uses of Funds

 

																												(Unit: in millions of Won)
				For the six months ended June 30, 2026												For the year ended December 31, 2025												For the year ended December 31, 2024
				Average Balance				Interest Rate (%)				Ratio (%)				Average Balance				Interest Rate (%)				Ratio (%)				Average Balance				Interest Rate (%)				Ratio (%)
Won Currency		Due from banks			18,117,823				0.62				2.22				16,153,833				0.63				2.08				15,397,433				0.83				2.09
		Securities			199,432,574				1.58				24.45				191,925,827				2.54				24.73				180,330,525				3.22				24.53
		Loans			420,943,152				4.06				51.61				410,776,360				4.19				52.93				390,097,807				4.67				53.06
		Guarantee payments under payment guarantee			8,017				0.75				—				8,879				1.44				—				5,835				0.99				—
		Call loan			746,128				2.52				0.09				193,442				2.70				0.02				264,716				3.56				0.04
		Private placement corporate bonds			2,055,601				4.93				0.25				1,595,705				4.56				0.21				1,127,090				5.79				0.15
		Credit cards			23,291,225				7.56				2.86				23,257,459				7.79				3.00				23,320,536				8.12				3.17
		Others			5,272,743				14.28				0.64				4,663,752				15.62				0.61				3,829,387				17.76				0.53
		Allowance			(4,180,801	)			—				(0.51	)			(4,232,385	)			—				(0.55	)			(4,193,334	)			—				(0.57	)
Subtotal					665,686,462				3.45				81.61				644,342,872				3.85				83.03				610,179,995				4.39				83.00
Foreign Currency		Due from banks			12,396,226				2.20				1.52				10,736,415				2.44				1.38				9,494,397				2.92				1.29
		Securities			29,194,342				5.16				3.58				25,475,873				5.55				3.28				23,085,246				5.60				3.14
		Loans			38,816,418				6.58				4.76				37,399,936				6.97				4.82				37,007,504				7.60				5.03
		Call loan			5,478,680				3.94				0.67				6,541,166				4.31				0.84				6,018,342				5.33				0.82
		Bills bought			3,390,990				4.19				0.42				1,837,372				4.73				0.24				1,979,563				5.52				0.27
		Allowance			(1,596,046	)			—				(0.20	)			(1,675,021	)			—				(0.22	)			(1,515,396	)			—				(0.21	)
		Others			2,611,031				—				0.32				2,571,127				—				0.34				2,346,259				—				0.32
Subtotal					90,291,641				5.27				11.07				82,886,868				5.71				10.68				78,415,915				6.23				10.66
Others		Cash			1,612,495				—				0.20				1,466,760				—				0.19				1,576,791				—				0.21
		Fixed assets held for business			8,861,188				—				1.09				9,107,641				—				1.17				9,391,370				—				1.28
		Others			49,192,369				—				6.03				38,206,432				—				4.93				35,698,616				—				4.85
Subtotal					59,666,052				—				7.32				48,780,833				—				6.29				46,666,777				—				6.34
Total					815,644,155				—				100.00				776,010,573				—				100.00				735,262,687				—				100.00

 

Notes:

(1) Based on K-IFRS (on a consolidated basis).

2.3.	Other Information to Consider in Making an Investment Decision

 

2.3.1.

Capital Adequacy

 

KB Financial Group						(Unit: in billions of Won, except percentages)
		As of June 30, 2026				As of December 31, 2025				As of December 31, 2024
Total capital (A)			58,816				57,825				56,849
Risk-weighted assets (B)			369,750				356,996				345,981
BIS ratio (A/B)			15.91	%			16.20	%			16.43	%

 

Notes:

(1) Calculated in accordance with Basel III.

(2) The figures as of June 30, 2026 are preliminary.

 

Kookmin Bank						(Unit: in billions of Won, except percentages)
		As of June 30, 2026				As of December 31, 2025				As of December 31, 2024
Total capital (A)			41,689				41,605				40,574
Risk-weighted assets (B)			249,419				240,740				234,436
BIS ratio (A/B)			16.71				17.28				17.31

 

Notes:

(1) Calculated in accordance with Basel III.

(2) The figures as of June 30, 2026 are preliminary.

 

KB Securities Co., Ltd.						(Unit: in billions of Won, except percentages)
		As of June 30, 2026				As of December 31, 2025				As of December 31, 2024
Net operating capital (A)			6,280				5,140				5,397
Total amount at risk (B)			3,277				3,184				3,176
Maintenance equity margin (C)			136				136				134
Net capital ratio (A-B)/(C)			2,214.16	%			1,442.13	%			1,654.45	%
Capital surplus (A-B)			3,003				1,956				2,221
KB Insurance Co., Ltd.						(Unit: in billions of Won, except percentages)
		As of June 30, 2026				As of December 31, 2025				As of December 31, 2024
Available capital (A)			13,532				12,191				11,319
Required capital (B)			7,275				6,365				6,072
Capital Adequacy ratio (A/B)(2)			186.00	%			191.54	%			186.42	%

 

Notes:

(1) The figures as of June 30, 2026 are preliminary.

(2) Since 2023, the capital adequacy system has been calculated based on the Korean Insurance Capital Standard (“K-ICS”) system.

 

2.3.2.

Overseas Credit Ratings

 

						(As of June 30, 2026)
Rating Company		Moody’s				S&P
Type		Long-term		Short-term		Long-term		Short-term
Credit Rating		A1		P-1		A		A-1

2.3.3.

Domestic Credit Ratings

 

Date of Rating		Type		Credit Rating		Rating Company (Rating Range)
1/19/2023		Contingent Convertible Bonds		AA-		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
6/23/2023		Commercial Paper		A1		Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) / NICE Investors Service (A1 ~ D)
2/28/2024		Contingent Convertible Bonds		AA-		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
10/18/2024		Debentures		AAA		NICE Investors Service (AAA ~ D)
10/18/2024		Commercial Paper		A1		NICE Investors Service (A1 ~ D)
10/21/2024		Debentures		AAA		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D)
10/21/2024		Commercial Paper		A1		KIS Ratings (A1 ~ D)
11/6/2024		Commercial Paper		A1		Korea Ratings (A1 ~ D)
1/9/2025		Contingent Convertible Bonds		AA-		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
1/22/2025		Debentures		AAA		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
2/21/2025		Debentures		AAA		Korea Ratings (AAA ~ D) / NICE Ratings (AAA ~ D)
2/24/2025		Debentures		AAA		KIS Ratings (AAA ~ D)
3/20/2025		Debentures		AAA		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
4/23/2025		Debentures		AAA		KIS Ratings (AAA ~ D) / NICE Investors Ratings (AAA ~ D)
4/24/2025		Debentures		AAA		Korea Ratings (AAA ~ D)
5/20/2025		Debentures		AAA		KIS Ratings (AAA ~ D)
5/22/2025		Debentures		AAA		Korea Ratings (AAA ~ D) / NICE Ratings (AAA ~ D)
6/24/2025		Commercial Paper		A1		NICE Investors Ratings (A1 ~ D)
6/26/2025		Commercial Paper		A1		KIS Ratings (A1 ~ D)
6/27/2025		Commercial Paper		A1		Korea Ratings (A1 ~ D)
12/12/2025		Commercial Paper		A1		NICE Investors Ratings (A1 ~ D)
12/12/2025		Commercial Paper		A1		KIS Ratings (A1 ~ D)
12/18/2025		Commercial Paper		A1		Korea Ratings (A1 ~ D)
1/14/2026		Debentures		AAA		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
3/24/2026		Debentures		AAA		KIS Ratings (AAA ~ D) / NICE Investors Ratings (AAA ~ D)
3/25/2026		Debentures		AAA		Korea Ratings (AAA ~ D)
4/20/2026		Debentures		AAA		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
4/20/2026		Contingent Convertible Bonds		AA-		NICE Investors Service (AAA ~ D)
4/23/2026		Contingent Convertible Bonds		AA-		Korea Ratings (AAA ~ D)
4/24/2026		Contingent Convertible Bonds		AA-		KIS Ratings (AAA ~ D)
5/21/2026		Debentures		AAA		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
6/18/2026		Debentures		AAA		Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) / NICE Investors Service (AAA ~ D)
6/29/2026		Commercial Paper		A1		Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) / NICE Investors Service (A1 ~ D)

2.3.4.

Early Retirement Program

To enhance productivity by improving its labor structure, Kookmin Bank implemented a voluntary early retirement program following negotiations with its labor union.

 

Subsidiary		Date of Retirement		Number of Retired Persons
Kookmin Bank		January 21, 2022		674
		January 18, 2023		713
		January 19, 2024		674
		January 18, 2025		647
		January 20, 2026		550

 

2.3.5.

Other Factors Affecting the Group’s Financial Condition and Results of Operations

The economic outlook for Korea and its financial services sector in the remainder of 2026 and for the foreseeable future remains highly uncertain as a result of, among others, (i) volatile conditions in the Korean and global economies and financial markets resulting from interest and exchange rate fluctuations, a slowdown in the rate of economic growth, lower consumer confidence, subdued domestic consumption, stock market and real estate market volatility, high energy prices, uncertainties surrounding the prospects of the AI industry, high loan delinquency rates in Korea and changes in fiscal and monetary policies, among others, and (ii) adverse conditions in the Korean and global economies and financial markets resulting from geopolitical uncertainties, including as a result of the imposition of significant tariffs by the United States on its trading partners and other escalations in trade protectionism globally, changes in the global policies of the United States, the ongoing military conflicts in the Middle East (between Iran and other countries, including the United States and Israel) and between Russia and Ukraine, among others.

3.	Financial Information

 

3.1.	Consolidated Financial Information

 

3.1.1.

Consolidated Statements of Financial Position

 

						(Unit: in millions of Won)
		As of June 30, 2026				As of December 31, 2025
Cash and due from financial institutions			44,618,344				34,776,877
Financial assets at fair value through profit or loss			100,468,179				89,862,530
Derivative financial assets			12,967,488				8,178,056
Loans measured at amortized cost			505,398,999				491,978,044
Financial investments			137,198,864				134,986,677
Investments in associates and joint ventures			1,040,992				1,137,184
Insurance assets			378,988				271,152
Reinsurance assets			1,369,626				1,515,854
Property and equipment			5,078,131				5,133,801
Investment property			3,421,805				3,224,180
Intangible assets			1,595,329				1,609,427
Net defined benefit assets			490,428				353,366
Current income tax assets			447,277				388,589
Deferred income tax assets			183,862				193,034
Assets held for sale			166,753				174,919
Assets of a disposal group held for sale			115,039				94,215
Other assets			51,949,101				24,045,128
Total assets			866,889,205				797,923,033
Financial liabilities at fair value through profit or loss			11,526,649				11,320,590
Derivative financial liabilities			13,391,153				8,234,289
Deposits			486,343,528				462,397,026
Borrowings			77,907,732				70,728,396
Debentures			80,462,793				80,049,270
Insurance contract liabilities			53,359,408				56,790,030
Reinsurance contract liabilities			37,229				59,648
Provisions			1,375,214				1,264,390
Net defined benefit liabilities			89,930				100,088
Current income tax liabilities			416,935				610,484
Deferred income tax liabilities			2,242,689				1,819,080
Liabilities of a disposal group held for sale			74,675				68,290
Other liabilities			76,959,448				43,651,463
Total liabilities			804,187,383				737,093,044
Equity attributable to shareholders of the parent company			60,890,838				59,048,211
Share capital			2,090,558				2,090,558
Hybrid securities			4,206,721				4,359,388
Capital surplus			9,127,521				16,633,518
Accumulated other comprehensive income (loss)			(487,227	)			(467,456	)
Retained earnings			46,129,279				38,333,741
Treasury shares			(176,014	)			(1,901,538	)
Non-controlling interests			1,810,984				1,781,778
Total equity			62,701,822				60,829,989
Total liabilities and equity			866,889,205				797,923,033
Number of companies included as consolidated entities			390				376