
KB Financial Group Inc is a South Korean financial services company that offers a wide range of financial products and services.
The company's financials are impressive, with a total asset value of $247 billion as of 2022.
KB Financial Group Inc is the parent company of various subsidiaries, including KB Kookmin Bank, KB Securities, and KB Insurance.
These subsidiaries operate in different sectors of the financial industry, providing a comprehensive range of services to customers.
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Financial Performance
KB Financial Group's revenue reached 15.01 trillion in 2024, a 15.16% increase from the previous year's 13.03 trillion. This significant growth demonstrates the company's financial stability and resilience.
The company's earnings also saw a notable increase, rising to 4.88 trillion in 2024, a 10.62% jump from the previous year. This improvement in earnings is a testament to the company's ability to manage its finances effectively.
KB Financial Group's revenue growth is a result of its diversified business segments, including banking, securities, and insurance. Here's a breakdown of the company's sales by activity in 2024:
These figures demonstrate the company's strong presence in various financial sectors, contributing to its overall revenue growth.
Sales by Geography

Sales by Geography is a crucial aspect of KB Financial Group Inc.'s financial performance. The company has a significant presence in various regions, with sales figures varying from year to year.
South Korea is the largest market for KB Financial Group Inc., with sales reaching 11.892 trillion won in 2020 and increasing to 15.531 trillion won in 2024. This steady growth demonstrates the company's strong foothold in the domestic market.
Cambodia is another key market for the company, with sales increasing from 250 billion won in 2020 to 596 billion won in 2024. This growth indicates the company's expanding presence in the Southeast Asian region.
Indonesia is a relatively new market for KB Financial Group Inc., with sales starting from 167 billion won in 2021. The company's sales in Indonesia have fluctuated over the years, reaching 328 billion won in 2023.
The United Kingdom is another significant market for the company, with sales increasing from 28.68 billion won in 2020 to 71.54 billion won in 2024. This growth reflects the company's expanding global presence.
Here is a breakdown of the company's sales by geography for the fiscal period of December:
The company's sales in China, the United States, and New Zealand have also shown varying degrees of growth over the years.
Performance
KB Financial Group's revenue in 2024 was 15.01 trillion, a 15.16% increase from the previous year's 13.03 trillion. This significant growth is a testament to the company's strong financial performance.
Their net profit in 2024 was 4.88 trillion, an increase of 10.62% from the previous year. This shows that the company is not only generating more revenue but also improving its profitability.
KB Financial's sales by activity have been steadily increasing over the years, with notable growth in their banking business, securities, and non-life insurance sectors. Here's a breakdown of their sales by activity for the past few years:
As you can see, KB Financial's sales have been steadily increasing, with some fluctuations in certain sectors. Their banking business, particularly corporate banking, has seen significant growth in recent years.
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Investments and Holdings
KB Financial Group has a significant presence in the investment world. The company's investments are managed through its subsidiary, KB Global Platform Fund II.
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KB Financial Group has made 6 investments, with its latest investment being in Wavebridge as part of their Series B on February 21, 2022. This investment was valued at $7.8M.
KB Financial Group's investments are diverse, with the company having a stake in companies like Kookmin Bank International Ltd. and KB Kookmin Card Corp. These investments demonstrate the company's commitment to expanding its financial services offerings.
Here are some of KB Financial Group's notable investments:
KB Financial Group's holdings also include a significant stake in PT Bank KB Indonesia Tbk, with the company owning 66.88% of the bank's shares. This investment is valued at $616,969,668.
Shareholders
Shareholders play a crucial role in any company, providing financial backing and strategic guidance. In the case of KB Financial Group Inc., its shareholders are a diverse group of investors from around the world.
National Pension Service of Korea is a significant shareholder, holding 8.092% of the company's equities.
Capital Research & Management Co. (World Investors) and BlackRock Fund Advisors are also major shareholders, each holding around 5% of the company's equities.
KB Financial Group Inc. itself is a shareholder, holding 4.399% of its own equities.
Here's a breakdown of the top shareholders of KB Financial Group Inc.:
These shareholders have a significant impact on the company's direction and decisions, and their investments are a testament to their confidence in KB Financial Group Inc.'s future prospects.
Holdings
KB Financial Group Inc. has a diverse portfolio of holdings, reflecting its commitment to expansion and growth. Its largest holding is PT Bank KB Indonesia TBK, accounting for 66.88% of its equities.
One of the notable holdings of KB Financial Group Inc. is Kookmin Bank International Ltd., a British company that provides banking services. This subsidiary is part of KB Financial Group, Inc. and is based in London, UK.
KB Financial Group Inc. also holds a significant stake in KB Kookmin Card Corp., a company that provides credit and debit card services. KB Kookmin Card Co., Ltd. was founded in September 1980 and is headquartered in Seoul, South Korea.
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KB Financial Group Inc.'s holdings also include KBFG Securities America, Inc., a company that provides brokerage and corporate finance activities services. This subsidiary is based in New York, NY.
Here's a breakdown of KB Financial Group Inc.'s top holdings:
KB Financial Group Inc.'s holdings are a testament to its strategic expansion and diversification efforts.
Investments
KB Financial Group has made significant investments in various companies. Their latest investment was in Wavebridge as part of their Series B on February 21, 2022.
They have a total of 6 investments, with Wavebridge being the most recent one. KB Financial Group has co-invested with other companies such as AJU IB Investment, JB Investment, and NH Venture Investment in Wavebridge.
KB Financial Group's investments include companies such as Subscribe to see more, but the details are not publicly available due to subscription requirements. Their investments have also involved Series A, Series D, Series B, and Series E - III rounds, but the exact amounts and companies involved are not disclosed.
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KB Financial Group has invested in at least one company, Wavebridge, with a valuation of $7.8M. They have also invested in companies like Prudential - Life Insurance Company of Korea, but the exact valuation is not publicly available.
KB Financial Group's investments are not limited to a specific industry or sector. They have invested in companies across various sectors, including finance, insurance, and more.
Here is a list of KB Financial Group's investments:
KB Financial Group's investments have resulted in at least one acquisition, Prudential - Life Insurance Company of Korea, which was acquired on April 10, 2020.
Fund History
KB Financial Group has a significant presence in the investment world, and understanding its fund history can provide valuable insights for investors.
KB Financial Group has one fund, including the KB Global Platform Fund II, which is a notable part of its investment portfolio.
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Private Companies
KB Financial Group, Inc. has a number of private companies under its umbrella. These companies operate in various sectors, including finance and investment.
Hyundai Securities (Asia) Ltd. is a Chinese company that provides brokerage services. It's based in Hong Kong and was founded in 1989.
KBFG Securities America, Inc. is another company that offers brokerage and corporate finance services. It's based in New York, NY, and is part of the KB Financial Group, Inc.
KB Kookmin Bank Co., Ltd. (Korea) is a regional bank that provides international, personal, and corporate banking services. It was founded in 2001 and is headquartered in Seoul, South Korea.
KB Asset Management Co., Ltd. is the wholly-owned asset management subsidiary of KB Financial Group, Inc. It offers a range of investment portfolios to individual and institutional clients.
KB Kookmin Card Corp. is a company that provides credit and debit card services. It was founded in 1980 and is headquartered in Seoul, South Korea.
Here's a list of some of the private companies under KB Financial Group, Inc.:
- Hyundai Securities (Asia) Ltd.
- KBFG Securities America, Inc.
- KB Kookmin Bank Co., Ltd. (Korea)
- KB Asset Management Co., Ltd.
- KB Kookmin Card Corp.
Industry and Market
KB Financial Group is a significant player in the South Korean financial industry.
The group operates a diverse range of businesses, including banking, life insurance, non-life insurance, and securities.
In terms of market share, KB Financial Group is one of the largest financial services providers in South Korea, with a significant presence in the country's banking and insurance sectors.
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Sales by Activity

In the sales by activity section of KB Financial Group Inc.'s financial reports, we can see a clear trend of growth in various business segments. The company's banking business has been a significant contributor to its revenue, with corporate banking sales reaching 4,891 billion won in 2024, up from 2,813 billion won in 2020.
One of the most notable areas of growth is in the corporate banking segment, which saw a significant increase in sales from 2020 to 2024, reaching 4,891 billion won. This is a 73% increase from 2020.
The retail banking segment has also seen steady growth, with sales reaching 4,351 billion won in 2023. However, there was a slight decline in 2024 to 3,968 billion won. The company's securities business has been relatively stable, with sales ranging from 1,423 billion won to 1,754 billion won over the past five years.
Here is a breakdown of the company's sales by activity for the past five years:
The company's sales by activity have been influenced by various factors, including changes in market conditions and the company's strategic decisions.
Latest News

KB Financial Group has recently declared a quarterly cash dividend of KRW 510 per common share, totaling KRW 195,966,652,890. The record date for this dividend is June 30, 2023.
The payment for this dividend is expected to be made within 20 days following the resolution by the board of directors. This is in accordance with the Financial Investment Services and Capital Markets Act.
The total number of common shares eligible for dividends is 384,248,339 shares.
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Investment Analysis
Investors are taking a closer look at listed Korean banking companies, and KB Financial is no exception. This increased interest is a promising sign for the company.
Recent news articles and analyst reports suggest that investors are optimistic about KB Financial's prospects. KB Financial will be announcing details of its new value enhancement plan, which could lead to further growth and investment opportunities.
Investors who are considering KB Financial should take note of the company's potential for value enhancement.
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Analysts' Consensus
Investors are paying more attention to listed Korean banking companies, as evidenced by recent news articles and analyst reports.
KB Financial's diversified income mix is a significant factor in its earnings resilience, implying a valuation premium is warranted.
Growing investor interest in KB Financial is driven by its value enhancement plan, which will be announced soon.
Exchange-traded funds that buy bank stocks have been sliding due to concerns over a run on Silicon Valley Bank, but KB Financial's fundamentals remain strong.
KB Financial's recent quarterly net interest margin expansion suggests its earnings will be reasonably resilient, despite changes in interest rates.
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Value Investing Gem
KB Financial Group is one of the leading financial conglomerates in South Korea, offering a strong presence in the financial sector. Its shares have traded at steep discounts for a long time, a phenomenon known as the Korea discount.
Government incentives and regulatory support have likely contributed to this discount, making KB Financial an attractive value investing opportunity. The company's diversified income mix and recent quarterly net interest margin expansion imply that its earnings are expected to be reasonably resilient.
Investors are paying more attention to listed Korean banking companies, as evidenced by recent news articles and analyst reports. KB Financial will be announcing details of its new value enhancement plan, which may further boost investor confidence.
The company's impressive growth track record, including its largest bank in South Korea, makes it a bargain compared to Japanese and American peers. KB Financial's current Vice Chairman Yang Jong-hee will become the company's new Chairman and CEO, removing the overhang relating to leadership transition.
Regulators in Korea are less likely to intervene, creating a favorable environment for the company's growth. Recent developments, including the leadership transition, are favorable and may lead to increased investor interest.
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Frequently Asked Questions
What does KB Bank stand for?
KB Bank stands for Kookmin Bank, which is a Korean word meaning "national bank". It is the main bank of South Korea.
What is kb in finance?
KB Financial Group is a South Korean financial services company that offers a range of banking, insurance, and investment services through its subsidiaries. It operates various segments, including corporate banking, retail banking, and credit card services.
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