 | |
Native name | 주식회사 케이비금융지주 |
|---|---|
| Company type | Public |
| KRX:105560 NYSE: KB (ADR) | |
| ISIN | KR7105560007 |
| Industry | Financial services |
| Founded | September 29, 2008 (2008-09-29)(holding company) |
| Headquarters | , South Korea |
Key people | Yoon Jong-kyoo (chairman & CEO) |
| Revenue |  US$17.2 billion (2022) |
| US$3.547 billion (2022) | |
| Total assets | US$508 billion (2022) |
| Subsidiaries | Kookmin Bank KB Life Insurance |
| Website | www.kbfg.com |
| Footnotes / references [1] | |
KB Financial Group Inc (Korean: 주식회사 케이비금융지주;RR: Jusik-hoesa Keibi Geumyung Jiju) isfinance holdingcompany headquartered inSeoul, 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 theFinancial Services Commission.[2]
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.[3][4] 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, fromLIG Group and changed its name to KB Insurance.[5][6] KB also took over Hyundai Securities fromHyundai Group after beating Korea Investment and Hong Kong–based private equity firmActis in 2016.[7] KB has merged its existing stock brokerage firm KB Investment & Securities with Hyundai Securities and renamed it as KB Securities. In 2020, KB reinforced itslife insurance business by acquiring a 100% stake inPrudential Financial Inc's South Korean unit for 2.3 trillion won.[8][1]
In 2021, KB Financial Group bought a majority stake in the Indonesia-based Bank Bukopin and changed its name toKB Bukopin.[9]
There are 13 subsidiaries under KB Financial Group, includingKookmin 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
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