|Sep 20, 2017|
|Sep 20, 2017|
Currency in KRW
|Full time employees:||--|
KB Financial Group, Inc. is a holding company that engages in providing financial services through its subsidiaries. It operates through the following segments: Corporate Banking, Retail Banking, Other Banking Services, Credit Card, Life Insurance, Investment and Securities business. The Corporate Banking business segment provides services such as loans, overdrafts, deposits, credit facilities and other foreign currency activities. The Retail Banking business segment offers services such as private customer current accounts, savings, deposits, consumer loans and mortgage loans. The Other Banking business segment provides services relating to banking business besides corporate banking and retail banking services. The Credit Card business segment offers services such as domestic as well as overseas credit and debit card operations. The Investment and Securities business segment provides services such as investment banking and brokerage. The Life Insurance business segment provides products such as life insurance and wealth management. The company was founded on September 29, 2008 and is headquartered in Seoul, South Korea.
KB Financial Group is a major player in South Korea's financial services sector. The holding company presides over KB Kookmin Bank, KB Kookmin Card, KB Investment & Securities and KB Life Insurance. As of the end of December 2014, the consolidated total assets of KB Financial Group ranked alongside those of South Korea's top financial holding companies.
KB Kookmin Bank was formed over time through the merger of a number of other major South Korean financial institutions, especially in 1998 and 2001. It shifted to the financial holding company system in 2008. In terms of assets, KB Financial Group ranks alongside the holding companies of other major institutions such as Shinhan Financial Group and Hana Financial Group. The group was the latest in reorganizing itself into a holding company structure.
KB Financial Group has operations in Japan, the U.S. and Britain as well as in China, India and Southeast Asian nations such as Vietnam. It is expanding its overseas network as corporate clients set up shop abroad. It aims to further broaden overseas operations as it lags behind Hana and other rivals in this regard.
As the South Korean economy remains weak, the Bank of Korea, the central bank, has brought down its benchmark interest rate to a record low of 1.5%. Against this backdrop, KB Financial is faced with the need to create a new earnings model in the business environment, in which new payment settlement systems based on fintech and other information technologies, for example, are expected to catch on.
In the news
Deposed sector leader eyes digital innovation with Amazon to further recovery
June 30, 2017 9:11 pm JST
June 15, 2017 2:44 pm JST
May 11, 2017 8:45 pm JST
Some companies remain optimistic while others are already jumping ship
April 6, 2017 10:00 am JST
HSBC, KB Kookmin Bank, Tata feel the pain; Hyundai Czechs out OK
March 29, 2017 11:00 pm JST
New CEO Cho sees big growth potential in Indonesia
March 27, 2017 8:15 pm JST
- Local currency
- US Dollar
|Income before tax||2,347.81B|
|Dividends per share||1,250|
|Operating cash flow||6,823.19B|
Currency in KRW
|Income before tax||2,023.64M|
|Dividends per share||1.07|
|Operating cash flow||5,881.09M|
Currency in USD
- Chairman & Chief Executive Officer: Jong-Kyoo Yoon
- President & Chief Operating Officer: Ok Chan Kim
- Chief Financial Officer & Managing Director: Lee Jae Keun
- MD & Head-Research Institute: Kyung-Yup Cho
- Senior MD & Head-Information Security Department: Young-Tae Park
- National Pension Service of Korea(9.7%)
- KB Financial Group, Inc.(4.0%)
- Templeton Global Advisors Ltd.(2.9%)
- Capital Research & Management Co. (Global Investors)(2.4%)
- Orbis Investment Management Ltd.(2.0%)
- BlackRock Fund Advisors(1.9%)
- The Vanguard Group, Inc.(1.9%)
- Lazard Asset Management LLC(1.1%)
- Fidelity Management & Research Co.(1.0%)
- Website: http://www.kbfng.com
- Address: 26, Gukjegeumyung-ro, 8-gil, Seoul, 150-758, South Korea
- Phone: +82.2.2073.7114
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.