KB Financial : Kookmin Bank's Split-off of its Fund Service Business - Form 6-K
December 14, 2023 at 11:23 am
Share
Form 6-K
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 December 2023
Commission File Number: 000-53445
KB Financial Group Inc.
(Translation of registrant's name into English)
26, Gukjegeumyung-ro8-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 ☐
Update: Kookmin Bank's Split-off of its Fund Service Business
This Form 6-K is being furnished solely for the purpose of updating certain information in the Form 6-K furnished to the U.S. Securities and Exchange Commission by KB Financial Group Inc. ("KB Financial Group") under the cover "Kookmin Bank's Split-off of its Fund Service Business" on July 5, 2023 (the "Original Report") regarding the decision by Kookmin Bank, one of KB Financial Group's wholly-owned subsidiaries, to split-off Kookmin Bank's fund service business to form a new entity (the "Split-off"), which will become a wholly-owned subsidiary of Kookmin Bank.
On December 14, 2023, KB Financial Group disclosed that the completion of the Split-off has been postponed due to delays in discussions with financial authorities and related parties, although, as of the date of this report, Kookmin Bank has obtained a preliminary approval of the Split-off from the financial authorities. KB Financial Group plans to make further disclosures once the schedules relating to the Split-off have been determined.
For detailed information regarding the Split-off, please refer to the Original Report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
KB Financial Group Inc.
(Registrant)
Date: December 14, 2023
By:
/s/ Scott Y. H. Seo
(Signature)
Name:
Scott Y. H. Seo
Title:
Senior Executive Vice President and Chief Finance Officer
KB Financial Group Inc. published this content on 14 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2023 11:22:36 UTC.
KB Financial Group Inc is a Korean-based company principally engaged in the financial business. The Company operates its business through six segments. The Banking segment consists of retail banking services provided by Kookmin Bank. This segment is engaged in the lending and receiving of large corporations, small and medium-sized businesses, SOHO and household customers, the investment of securities and derivatives, and financing, among others. The Credit Card segment operates credit sales, cash advances and card loans, among others. The Non-life Insurance segment is engaged in the non-life insurance. The Securities segment is engaged in the trading, consignment, and acquisition of securities. The Life Insurance segment is engaged in the life insurance. The other segment is engaged in the maintenance of computer-related equipment and systems, the investigation of credit and the collection of debt, among others.
KB FINANCIAL GROUP INC. 
