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 March 2010

KB Financial Group Inc.

(Translation of registrant’s name into English)

9-1, 2-ga, Namdaemoon-ro, Jung-gu, Seoul 100-703, 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 þ      Form 40-F o

     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____

     Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____

     Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

     Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No þ

Index

1. Summary of Fiscal Year 2009 Business Report

2. Exhibit 99.1 KB Financial Group Audit Report for Fiscal Year 2009

2

TABLE OF CONTENTS

1. Introduction to the Company	5
1.1. Business Purposes	5
1.2. Business Purposes of Key Subsidiary	5
1.3. History	6
1.4. Overview of the Business Group	7
1.5. Capital Structure	7
1.6. Dividend	9
2. Business	10
2.1. Results of Operations	10
2.2. Source and Use of Funds	10
2.3. Other Information for Investment Decision	12
3. Financial Information	13
3.1. Non-Consolidated Condensed Financial Information	13
3.2. Consolidated Condensed Financial Information	14
3.3. Other Selected Financial Data	14
3.4. Other Financial Information	16
4. Independent Public Accountants	16
4.1. Audit / Review Services	16
4.2. Non-Audit Services	16
5. Corporate Governance and Affiliated Companies	17
5.1. Board of Directors & Committees under the Board	17
5.2. Audit Committee	17
5.3. Compensation to Directors	18
5.4. Affiliated Companies	19
6. Directors, Senior Management and Employees	20
6.1. Executive Director	20
6.2. Non-Standing Director	20
6.3. Non-Executive Directors	20
6.4. Senior Management	21
6.5. Employees	22
7. Major Stockholders and Related Party Transactions	23
7.1. Major Stockholders	23
7.2. Changes in the Largest Shareholder	23
7.3. Employee Stock Ownership Association	24
7.4. Investments in Affiliated Companies	24
7.5. Related Party Transactions	25
EX-99.1

3

Summary of Fiscal Year 2009 Business Report

On March 31, 2010, KB Financial Group Inc. (“KB Financial Group”) filed its business report for fiscal year 2009 (the “Business Report”) with the Financial Services Commission of Korea and the Korea Exchange. This is a summary of the Business Report translated into English.

Financial information contained in this summary (and in the attached audit report) have been prepared in accordance with generally accepted accounting principles in Korea, which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “KB Financial Group,” “we,” “us” or the “Company” are to KB Financial Group and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

4

1. Introduction to the Company

1.1. Business Purposes

The business purpose of KB Financial Group is to engage in the following business activities:

n	Ownership and management of companies that are engaged in financial services or activities closely related to financial services;
n	Funding of affiliated companies of KB Financial Group (including direct and indirect subsidiaries, the “Subsidiaries”);
n	Capital investment in Subsidiaries or procurement of funds for the Subsidiaries;
n	Joint development, marketing and use of facilities and IT systems with the Subsidiaries;
n	Lease and provision of brand, license, etc. to Subsidiaries;
n	Other businesses permitted by relevant laws and regulations; and
n	Other businesses incidental or related to the items listed above.

1.2. Business Purposes of Key Subsidiary

The business purpose of Kookmin Bank, our key subsidiary, is to engage in the following business activities:

n	The banking business as prescribed by the Banking Act;
n	The trust business as prescribed by the Financial Investment Services and Capital Markets Act;
n	The credit card business as prescribed by the Specialized Credit Financial Business Act; and
n	Other businesses incidental or related to the items listed above.

5

1.3. History

n	September 26, 2008 Obtained final approval from the Financial Services Commission to establish a financial holding company
n	September 29, 2008 Establishment of the Company through a comprehensive stock transfer and listing on the New York Stock Exchange
n	October 10, 2008 Listing on the Korea Exchange
n	October 20, 2008 The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.
n	October 31, 2008 The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service
n	May 4, 2009 Added Kookmin Bank Cambodia PLC as a second-tier subsidiary
n	June 22, 2009 Added KB Life Insurance Co., Ltd., formerly a second-tier subsidiary, as a first-tier subsidiary
n	September 4, 2009 Issued 30,000,000 shares of common stock pursuant to a rights offering (at a share subscription price of Won 37,250 per share)
n	September 28, 2009 Added Burrill-KB Life Sciences Fund as a second-tier subsidiary.
n	December 1, 2009 Added KB-Glenwood Private Equity Fund No.1 as a second-tier subsidiary
n	January 27, 2010 The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

6

1.4. Overview of the Business Group

(As of March 31, 2010)
Type	Name of Company	Controlling Company	Remarks
Holding Company	KB Financial Group	—	Listed
1st Tier Subsidiaries	Kookmin Bank	KB Financial Group	Not listed
	KB Investment & Securities	KB Financial Group	Not listed
	KB Life Insurance	KB Financial Group	Not listed
	KB Asset Management	KB Financial Group	Not listed
	KB Real Estate Trust	KB Financial Group	Not listed
	KB Investment	KB Financial Group	Not listed
	KB Futures	KB Financial Group	Not listed
	KB Credit Information	KB Financial Group	Not listed
	KB Data Systems	KB Financial Group	Not listed
2nd Tier Subsidiaries	Kookmin Bank Hong Kong	Kookmin Bank	Not listed
	Kookmin Bank International	Kookmin Bank	Not listed
	Kookmin Bank Cambodia PLC	Kookmin Bank	Not listed
	KB Investment & Securities Hong Kong	KB Investment & Securities	Not listed
	KB-Glenwood Private Equity Fund No.1	KB Investment & Securities	Not listed
	NPS-KBIC PEF No. 1.	KB Investment	Not listed
	Burrill-KB Life Sciences Fund	KB Investment	Not listed

Notes:

(1)	Jooeun Industrial and KLB Securities, which are subsidiaries of Kookmin Bank, are in liquidation. In addition, Kookmin Finance Asia Limited was liquidated on December 29, 2009.
(2)	On June 22, 2009, KB Life Insurance was added as a first-tier subsidiary.
(3)	On May 4, 2009, Kookmin Bank Cambodia PLC was added as a second-tier subsidiary.
(4)	On September 28, 2009, Burrill-KB Life Sciences Fund was added as a second-tier subsidiary.
(5)	On December 1, 2009, KB-Glenwood Private Equity Fund No.1 was added as a second-tier subsidiary.

1.5. Capital Structure

1.5.1. Common Shares

Capital Increase

(As of December 31, 2009)				(Unit: Won, shares)
Issue Date	Type	Number		Par Value		Issue Price		Remarks
September 29, 2008	Common Stock		356,351,693		5,000		48,444	Establishment of the Company
September 2, 2009	Common Stock		30,000,000		5,000		37,250	Rights offering to existing shareholders; % increase in number of common shares: 8.41865%

7

Number of Shares

As of December 31, 2009			(Unit: shares)
	Type
	Common Stock		Total
Shares Authorized for Issuance		1,000,000,000		1,000,000,000
Shares Issued (A)		386,351,693		386,351,693
Treasury Stock (B)		—		—
Shares Outstanding* (A-B)		386,351,693		386,351,693

* The number of shares outstanding includes 43,322,704 shares of common stock for which voting rights are restricted.

1.5.2. Treasury Stock

Not applicable

1.5.3. Voting Rights

As of December 31, 2009
Items			Number of shares		Notes
Total number of issued shares	Common shares			386,351,693		—
	Preferred shares			—		—
Shares without voting rights	Common shares			—		—
	Preferred shares			—		—
Shares whose voting rights are restricted under relevant laws and regulations	Common Shares			43,322,704	Article 48-7 of the Financial Holding Company Act
Shares with restored voting rights		—		—		—
Total shares for which voting rights may be exercised	Common shares			343,028,989		—
	Preferred shares			—		—

8

1.6. Dividend

		January 1, 2009 to		September 29, 2008 to
Items		December 31, 2009		December 31, 2008
Par value per share (Won)			5,000		5,000
Net income (Won in Millions)			539,818		611,927
Earnings per share (Won)			1,659		2,078
Total cash dividends (Won in Millions)			78,897		—
Total stock dividends (Won in Millions)			—		—
Cash dividend payout ratio (%)			14.6		—
Cash dividend yield (%)	Common Shares		0.4		—
	Preferred Shares		—		—
Stock dividend yield (%)	Common Shares		—		—
	Preferred Shares		—		—
Cash dividend per share (Won)	Common Shares		230		—
	Preferred Shares		—		—
Stock dividend per share (Shares)	Common Shares		—		—
	Preferred Shares		—		—

* The total number of common shares that are eligible for payment of dividends is 343,028,989 shares (which excludes 43,322,704 shares held by Kookmin Bank, a wholly-owned subsidiary of KB Financial Group)

9

2. Business

2.1. Results of Operations

(Unit: in millions of Won)
	For the year ended		For the period from September 29,
	December 31, 2009		2008 to December 31, 2008
Operating revenues		696,712		635,268
Gain on valuation of equity method investments		677,107		633,981
Interest income		19,455		1,287
Reversal of provision for loan losses		150		—
Operating expenses		154,819		23,197
Loss on valuation of equity method investments		64,482		10,096
Interest expense		55,556		3,063
Loss on valuation and disposal of loans receivable		—		1,000
Commission expenses		7,209		2,270
Selling and administrative expenses		27,572		6,768
Income before income tax expense		541,893		612,071

2.2. Source and Use of Funds

2.2.1. Source of Funds

(Unit: in millions of Won, %)
	As of December 31, 2009						As of December 31, 2008
	Ending Balance			Ratio (%)			Ending balance			Ratio (%)
Shareholders’ Equity		17,851,630			95.65			15,828,611			95.54
Common stock		1,931,758			10.35			1,781,758			10.76
Capital surplus		16,428,852			88.03			15,473,511			93.39
Capital adjustments		(2,918,990	)		(15.64	)		(3,145,102	)		(18.98	)
Accumulated other comprehensive income (loss)		1,232,279			6.60			1,087,503			6.56
Retained earnings		1,177,731			6.31			630,941			3.81
Liabilities		811,834			4.35			739,408			4.46
Borrowings		798,421			4.28			730,572			4.41
Other liabilities		13,413			0.07			8,836			0.05
Total liabilities and shareholders’ equity		18,663,464			100.00			16,568,019			100.00

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2.2.2. Use of Funds

(Unit: in millions of Won, %)
	As of December 31, 2009				As of December 31, 2008
	Ending balance		Ratio (%)		Ending balance		Ratio (%)
Investment securities accounted for under the equity method		17,612,122		94.36		16,345,052		98.65
Kookmin Bank		16,774,896		89.88		15,506,919		93.59
KB Investment & Securities		369,849		1.98		419,267		2.53
KB Life Insurance		77,284		0.41		—		—
KB Asset Management		96,312		0.52		116,458		0.70
KB Real Estate Trust		121,553		0.65		97,469		0.59
KB Investment		104,910		0.56		103,788		0.63
KB Futures		37,363		0.20		38,206		0.23
KB Credit Information		23,621		0.13		44,488		0.27
KB Data Systems		6,334		0.03		18,457		0.11
Loans		169,150		0.91		199,000		1.20
Property and equipment		1,718		0.01		3,214		0.02
Cash and due from banks		845,366		4.53		1,849		0.01
Other assets		35,108		0.19		18,904		0.12
Total		18,663,464		100.00		16,568,019		100.00

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2.3. Other Information for Investment Decision

2.3.1. Credit ratings

		Credit	Company	Evaluation
Date of Rating	Evaluated Securities	Rating	(Ratings Range)	Category
06/30//2009 08/04/2009 06/29/2009	Debentures Debentures Debentures	AAA AAA AAA	Korea Ratings (AAA ~ D) KIS Ratings (AAA ~ D) NICE Ratings (AAA ~ D)	Case evaluation Case evaluation Case evaluation

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3. Financial Information

3.1. Non-Consolidated Condensed Financial Information

	(Unit: in millions of Won)
				As of December 31, 2008
				and for the period from
	As of and for the year			September 29, 2008 to
	ended December 31, 2009			December 31, 2008
Assets
Cash and due from banks		845,366			1,849
Equity method investments		17,612,122			16,345,052
Loans receivable, net		169,150			199,000
Property and equipment, net		1,718			3,214
Other assets, net		35,108			18,904
Total assets		18,663,464			16,568,019
Liabilities
Borrowings		798,421			730,572
Other liabilities, net		13,413			8,836
Total liabilities		811,834			739,408
Shareholders’ equity
Common stock		1,931,758			1,781,758
Capital surplus		16,428,852			15,473,511
Capital adjustment		(2,918,990	)		(3,145,102	)
Accumulated other comprehensive income		1,232,279			1,087,503
Retained earnings		1,177,731			630,941
Total shareholders’ equity		17,851,630			15,828,611
Total liabilities and shareholders’ equity		18,663,464			16,568,019
Operating revenues		696,712			635,268
Operating income		541,893			612,071
Net income (loss)		539,818			611,927
Earnings per share — basic (Won)		1,659			2,078
Earnings per share — diluted (Won)		1,659			2,078

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3.2. Consolidated Condensed Financial Information

	(Unit: in millions of Won)
				As of December 31, 2008 and for
	As of and for the year ended			the period from September 29,
	December 31, 2009			2008 to December 31, 2008
Assets
Cash and due from banks		9,769,133			8,316,197
Securities		42,535,648			38,985,268
Loans receivable, net		195,397,893			198,930,186
Property and equipment, net		3,345,323			3,502,549
Other assets, net		11,120,453			17,814,591
Total assets		262,168,450			267,548,791
Liabilities
Deposits		172,439,883			162,210,372
Debts, net		54,493,283			63,495,480
Other liabilities, net		17,123,958			25,780,892
Total liabilities		244,057,124			251,486,744
Shareholders’ equity
Common stock		1,931,758			1,781,758
Capital surplus		16,428,852			15,473,511
Capital adjustments		(2,918,990	)		(3,145,102	)
Accumulated other comprehensive income		1,232,279			1,087,503
Retained earnings		1,177,731			630,941
Minority Interest		259,696			233,436
Total shareholders’ equity		18,111,326			16,062,047
Total liabilities and shareholders’ equity		262,168,450			267,548,791
Operating revenues		30,446,099			29,729,283
Operating income		651,285			627,301
Income before income tax		552,158			939,408
Net income		527,494			609,828
Parent Company interest in net income		539,818			611,927
Number of consolidated companies		13			12

3.3. Other Selected Financial Data

3.3.1. Selected ratios

				(Unit: %)
Category	2009			2008
Net income as a percentage of average total assets		0.20	%		0.75	%
Net income as a percentage of average stockholders’ equity		3.25			11.99
Net interest margin of Kookmin Bank		2.41			2.99
Capital adequacy ratio of Kookmin Bank*		14.04			13.18
Non-performing loans as a percentage of total loans		1.25			1.32

*      Calculated in accordance with BASEL II

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3.3.2. Assets under management

(Unit: in billions of Won)
						Change
Category		2009		2008		amount
Total assets(1)			262,168		267,549		(5,381	)
Total assets under management	Kookmin Bank(1)		259,458		266,460		(7,002	)
	Non-bank subsidiaries		5,350		2,763		2,587
	Trust assets and assets under management (2)		51,180		50,658		522
	Total		315,988		319,881		(3,893	)

(1)

Presented on a consolidated basis.

(2)

Represents trusts accounts managed by Kookmin Bank (except principal guaranteed trust accounts and principal and interest guaranteed trust accounts) and assets managed by our other subsidiaries (including assets managed by KB Asset Management, trust assets managed by KB Real Estate Trust and assets relating to investments made by KB Investment through investment associations and private equity funds.)

3.3.3. Capital adequacy

KB Financial Group (calculated in accordance with Basel I)	(Unit: in billions of Won, %)
	As of December 31, 2009		As of December 31, 2008
Total Capital (A)		24,360		21,937
Risk-weighted assets (B)		182,664		187,086
BIS ratio (A/B)(1)		13.34		11.73

(1) BIS risk-adjusted capital ratio = (total capital / risk weighted assets) x 100

Kookmin Bank (calculated in accordance with Basel II) (Unit: in billions of Won, %)     

	As of December 31, 2009		As of December 31, 2008
Total Capital (A)		21,708		20,326
Risk-weighted assets (B)		154,593		154,261
BIS ratio (A/B)(1)		14.04		13.18

(2) BIS risk-adjusted capital ratio = (total capital / risk weighted assets) x 100

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3.3.4. Liquidity

	(Unit: in billions of Won, %)
Category	2009 (1)			2008 (2)
Current assets in Won (a)		854.9			104.7
Current liabilities in Won (b)		0.5			104.6
Won liquidity ratio (a/b)		178,473.28	%		100.14	%

(1)	Calculated based on Won assets and liabilities due within one month (in accordance with an amendment to the Financial Holding Company Act in March 2009).
(2)	Calculated based on Won assets and liabilities due within three months.

3.4. Other Financial Information

See Exhibit 99.1 — KB Financial Group Audit Report by our independent auditors for our full consolidated financial statements and relevant notes, which have been prepared in accordance with generally accepted accounting principles in Korea. The Audit Report will also be available on our website, www.kbfng.com.

4. Independent Public Accountants

4.1. Audit / Review Services

			(units: millions of Won, hours)
Period	Auditor	Activity	Compensation	Accrued Time
				(hrs)
January 1 to December 31, 2009	Samil PricewaterhouseCoopers	Quarterly/ first half and annual review & audit, and review of internal accounting management system	250	5,251
September 29 to December 31, 2008	Samil PricewaterhouseCoopers	Quarterly/ first half and annual review & audit, and review of internal accounting management system	170	3,621

4.2. Non-Audit Services

			(units: millions of Won)
Period	Contract date	Activity	Service period	Compensation
January 1 to	November 12, 2009	US GAAP and SOX Audit	November 12, 2009 to June 30, 2010	2,700
December 31, 2009	July 21, 2009	Issuance of comfort letter	July 21, 2009 to September 1, 2009	210

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5. Corporate Governance and Affiliated Companies

5.1. Board of Directors & Committees under the Board

The board of directors currently consists of one executive director, one non-standing director and nine non-executive directors. The following committees currently serve under our board of directors:

n	Board Steering Committee
n	Audit Committee
n	Management Strategy Committee
n	Risk Management Committee
n	Evaluation & Compensation Committee
n	Non-Executive Director Nominating Committee
n	Audit Committee Member Nominating Committee

For the list of our directors, see 6. Directors, Senior Management and Employees, 6.1. Executive Director, 6.2. Non-Standing Director and 6.3. Non-Executive Directors below.

5.2. Audit Committee

The audit committee oversees our financial reporting and approves the appointment of our independent auditors and internal compliance officers. The committee also reviews our financial information, auditor’s examinations, key financial statement issues, planning and evaluation of internal controls and the administration of our financial affairs by the board of directors. In connection with the general meetings of shareholders, the committee examines the agenda for, and financial statements and other reports to be submitted by, the board of directors to each general meeting of shareholders. The committee holds regular meetings every quarter and on an as-needed basis.

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5.3. Compensation to Directors

5.3.1. Compensation to Directors (including Non-executive Directors) and Audit Committee Members

(As of December 31, 2009)			(Unit: in millions of Won)
	Total amount	Total payment
	approved at	(for the year
	Shareholders’	ended December	Average payment
	Meeting (1)	31, 2009) (2) (5) (6)	per person (3)	Notes
Registered Directors (excluding non-executive directors and audit committee members)	5,000	2,070	1,035	(4)
Non-executive Directors (excluding audit committee members)	5,000	245	61	4 persons
Non-executive Directors who are audit committee members	5,000	328	66	5 persons

Notes:

(1)	Excludes long-term incentives.
(2)	Represents total amount paid as of December 31, 2009.
(3)	Represents (i) the total amount paid for the year ended December 31, 2009 divided by (ii) the total number of persons.
(4)	Excludes compensation to directors who concurrently hold more than one position within the Company and its subsidiaries (Vice Chairman of the Company).
(5)	Compensation to directors is subject to the Company’s internal policies on compensation to directors.
(6)	In addition to the total payments as presented in the table, we recorded Won 1,324 million on our financial statements as of and for the year ended December 31, 2009 with respect to performance-based long-term incentives to directors, the payment and amount of which are determined following the expiration of their terms of office.

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5.4. Affiliated Companies

5.4.1. List of Affiliated Companies

Affiliated companies of KB Financial Group and its ownership of such companies as of December 31, 2009 are as follows.

n	Kookmin Bank (100.00%)
n	KB Investment & Securities (100.00%)
n	KB Life Insurance (51.00%)
n	KB Asset Management (100.00%)
n	KB Real Estate Trust (100.00%)
n	KB Investment (100.00%)
n	KB Futures (100.00%)
n	KB Credit Information (100.00%)
n	KB Data Systems (100.00%)

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6. Directors, Senior Management and Employees

6.1. Executive Director

As of March 31, 2010, we have one executive director.

The name and position of our executive director, and the number of shares of KB Financial Group’s common stock he owns are set forth below as of March 31, 2010.

Name	Date of Birth	Position	Common Shares Owned
Chung Won Kang	12/19/1950	Chief Executive Officer & Vice Chairman		—

6.2. Non-Standing Director

As of March 31, 2010, we have one non-standing director.

The name and position of our non-standing director, and the number of shares of KB Financial Group’s common stock he owns are set forth below as of March 31, 2010.

Name	Date of Birth	Position	Common Shares Owned
Jung Hoe Kim	09/19/1949	Non-Standing Director		1,754

6.3. Non-Executive Directors

Our current non-executive directors and the number of shares of KB Financial Group’s common stock they own as of March 31, 2010 are as follows.

Name	Date of Birth	Position	Common Shares Owned
Kyungjae Lee	01/30/1939	Non-Executive Director		—
Jacques P.M. Kemp	05/15/1949	Non-Executive Director		—
Suk Sig Lim	07/17/1953	Non-Executive Director		2,897
Sang Moon Hahm	02/02/1954	Non-Executive Director		1,767
Seunghee Koh	06/26/1955	Non-Executive Director		—
Chee Joong Kim	12/11/1955	Non-Executive Director		—
Youngnam Lee	09/03/1957	Non-Executive Director		—
Jae Mok Cho	01/05/1961	Non-Executive Director		—
Chan Soo Kang	11/23/1961	Non-Executive Director		1,732

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6.4. Senior Management

In addition to our executive director who is also our executive officer, we had the following six executive officers as of March 31, 2010.

Name	Date of Birth	Position	Common Shares Owned
In Gyu Choi	12/23/1955	Deputy President & Chief Strategy Officer		117
Kap Shin	09/04/1955	Deputy President & Chief Financial Officer		567
Heung Woon Kim	07/20/1957	Deputy President & Chief Information Officer		1,937
Minho Lee	04/03/1965	Deputy President & Chief Compliance Officer		—
Jong Chan Ryu	07/22/1957	Managing Director & Chief Human Resources Officer		627
Young Yoon Kim	09/18/1956	Managing Director (Public Relations)		117

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6.5. Employees

The following table shows the breakdown of our employees as of December 31, 2009.

(Unit: in millions of Won)
			Average Tenure of
	Number of		Employees				Average Payment
	Employees		(months)		Total Payment(1)		per Person(2)
Total		100		13.5		9,538		95

(1)	Represents the total amount paid for the period from January 1, 2009 to December 31, 2009.
(2)	Represents (i) the total amount paid for the period from January 1, 2009 to December 31, 2009 divided by (ii) the total number of employees.

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7. Major Stockholders and Related Party Transactions

7.1. Major Stockholders

The following table presents information regarding holders of 5% or more of our total issued shares as of December 31, 2009:

(Unit: Shares, %)
Name	Number of Shares of Common Stock		Percentage of Total Issued Shares
Kookmin Bank		43,322,704		11.21
Citibank, N.A.*		40,353,823		10.44
Korean National Pension Service		20,046,217		5.19
ING Bank N.V.		19,401,044		5.02

* Depositary under the Company’s ADR program.

7.2. Changes in the Largest Shareholder

(As of December 31, 2009)	(Unit: Shares, %)
	Date of Change in	Number of Shares of		Percentage of Total
Name	Ownership Level	Common Stock		Issued Shares(1)
Korean National Pension Service	December 31, 2009		20,046,217		5.19
Korean National Pension Service	December 7, 2009		20,321,051		5.26
Korean National Pension Service	September 2, 2009		21,199,372		5.49
Korean National Pension Service	July 27, 2009		19,673,220		5.52
Korean National Pension Service	May 29, 2009		19,653,362		5.52
Korean National Pension Service	March 27, 2009		22,548,541		6.33
Korean National Pension Service	February 4, 2009		23,271,087		6.53
Korean National Pension Service	December 31, 2008		23,284,404		6.53
Korean National Pension Service	October 31, 2008		21,675,810		6.08
ING Bank N.V.	October 20, 2008		18,045,337		5.06
Korean National Pension Service	September 30, 2008		17,910,781		5.03

*	The date of change in ownership level is the date as indicated on the public filing disclosing changes in shareholdings in the Company.
(1)	Based on 386,351,693 total issued shares of common stock for periods on or after September 2, 2009, and 356,351,693 total issued shares of common stock for periods on or prior to July 27, 2009.
**	The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V. on January 27, 2010. ING Bank N.V. held 19,401,044 shares (5.02%) of our common stock as of December 31, 2009.

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7.3. Employee Stock Ownership Association

As of December 31, 2009			(Unit: Shares)
Company Name	Number of shares		Type of shares
KB Financial Group		27,387	Common Stock
Kookmin Bank		5,647,355	Common Stock
KB Investment & Securities		61,478	Common Stock
KB Life Insurance		50,027	Common Stock
KB Asset Management		27,664	Common Stock
KB Real Estate Trust		37,202	Common Stock
KB Investment		6,535	Common Stock
KB Futures		10,519	Common Stock
KB Credit Information		37,427	Common Stock
KB Data Systems		65,696	Common Stock
Total		5,971,290	Common Stock

7.4. Investments in Affiliated Companies

As of December 31, 2009							(Units: shares, millions of Won, %)
	Ending Balance						Total Assets as		Net Income (loss)
	Number of		Shareholding				of the latest		for the latest
Name	shares		percentage		Book value		fiscal year		fiscal year			Notes
Kookmin Bank		496,379,116		100		16,774,896		256,519,760		635,803			(1	)
KB Investment & Securities		15,600,000		100		369,849		1,049,661		46,972			(2	)
KB Life Insurance		15,912,000		51		77,284		1,953,698		(3,660	)		(2	)
KB Asset Management		7,667,550		100		96,312		103,669		27,864			(2	)
KB Real Estate Trust		16,000,000		100		121,553		257,286		23,794			(1	)
KB Investment		8,951,797		100		104,910		125,961		2,159			(1	)
KB Futures		4,000,000		100		37,363		165,571		5,688			(2	)
KB Credit Information		1,252,400		100		23,621		29,379		4,338			(1	)
KB Data Systems		800,000		100		6,334		44,938		5,267			(1	)
Total		566,562,863		—		17,612,122		—		—

*	The above items represent the Company’s holding of investment securities of its Subsidiaries, which are accounted for under the equity method.
**	The total assets and net income amounts stated above are based on the non-consolidated financial statements of each Subsidiary as of and for the period stated in the accompanying notes.
***	KB Life Insurance, a former second-tier subsidiary, was added as a first-tier subsidiary.
(1)	As of or for the year ended December 31, 2009
(2)	As of March 31, 2009 or for the period from April 1, 2008 to March 31, 2009

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7.5. Related Party Transactions

7.5.1. Equity Investments in Subsidiaries

With the exception of KB Life Insurance, the Company acquired the common shares of the Subsidiaries listed above in “7.3. Investments in Affiliated Companies” from such Subsidiaries’ shareholders pursuant to the comprehensive stock transfer which established the Company. KB Life Insurance, which was formerly a subsidiary of Kookmin Bank and therefore a second-tier subsidiary of the Company, became a first-tier subsidiary of the Company on June 22, 2009.

7.5.2. Prepayments and Loans to Subsidiaries

							(Unit: in billions of Won)
			Loan		Current
Name	Relationship	Account	Amount		Balance		Interest Rate	Maturity
KB Investment & Securities	Subsidiary	Loans		100		100	CD 3M + 350 bps	June 15, 2014
KB Real Estate Trust	Subsidiary	Loans		50		50	CD 3M + 226 bps	June 29, 2011
KB Investment	Subsidiary	Loans		20		20	CD 3M + 221 bps	June 29, 2010

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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: March 31, 2010	By:	/s/ Kap Shin
	(Signature)
	Name:	Kap Shin
	Title:	Deputy President & CFO

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