KB Financial Group is Korea’s leading financial institution with the largest customer base and the most extensive branch network in the country. With total assets exceeding US$380 billion, the Group wields a solid capital prowess and enjoys a strong brand loyalty. As of December 2013, the Group has ten domestic subsidiaries-banking, credit cards, securities, life insurance, asset management, real estate trust, venture capital, credit information, data system, and savings bank-and four overseas subsidiaries in Hong Kong, England, Cambodia, and China.
KB Financial Group was established in September 2008 with extensive stock transfers from major subsidiary companies. The Group’s establishment was to better deal with such fundamental changes in the financial markets at home and abroad as the rapid globalization of financial service, a declining profitability of traditional banking operations, new industry regulations, and an increasing demand for comprehensive financial services.
The Group’s long-term strategy is to solidify its group infrastructure into a growth base, strengthen comprehensive financial service competencies, and cultivate future growth engines.
By expanding its non-banking operations and thus diversifying its financial products and services, KB Financial Group continues to improve customer satisfaction, maximize synergy creation, and increase the corporate value.
KB Financial Group is pursuing model enterprise of corporate governance for the objectives of transparent management, independence of the board of directors, and protection of shareholders’ rights.