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 March 2012

Commission File Number: 000-53445

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  x            Form  40-F   ¨

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):  ¨

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):  ¨

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

Yes   ¨            No  x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-    N/A .

TABLE OF CONTENTS

1.	Introduction to the Company	4
1.1.	Business Purposes	4
1.2.	History	4
1.3.	Overview of the Business Group	5
1.4.	Capital Structure	6
1.5.	Dividend	7
2.	Business	8
2.1.	Results of Operations	8
2.2.	Source and Use of Funds	9
2.3.	Other Information for Investment Decision	11
3.	Financial Information	12
3.1.	Separate Condensed Financial Information	12
3.2.	Consolidated Condensed Financial Information	13
3.3.	Other Selected Financial Data	14
3.4.	Other Financial Information	17
4.	Independent Public Accountants	18
4.1.	Audit / Review Services	18
4.2.	Non-Audit Services	18
5.	Corporate Governance and Affiliated Companies	19
5.1.	Board of Directors & Committees under the Board	19
5.2.	Audit Committee	19
5.3.	Compensation to Directors	20
5.4.	Affiliated Companies	21
6.	Directors, Senior Management and Employees	22
6.1.	Executive Directors	22
6.2.	Non-Standing Directors	22
6.3.	Non-Executive Directors	22
6.4.	Senior Management	23
6.5.	Employees	23
7.	Major Stockholders and Related Party Transactions	24
7.1.	Major Stockholders	24
7.2.	Changes in the Largest Shareholder	24
7.3.	Employee Stock Ownership Association	25
7.4.	Investments in Affiliated Companies	25
7.5.	Related Party Transactions	26

2

Summary of 2011 Fiscal Year Business Report

On March 30, 2012, KB Financial Group Inc. (“KB Financial Group”) filed its business report for fiscal year 2011 (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.

Except where indicated otherwise, financial information contained in this summary (and in the attached review report) have been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”), 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.

3

1. Introduction to the Company

1.1. Business Purposes

KB Financial Group is a financial holding company that was established in September 2008. Its main business purpose is to hold shares in companies that are engaged in financial or related services, as well as govern and manage such companies. Its consolidated subsidiaries are primarily engaged in the banking business, as well as credit card business, financial investment business, insurance business and other related businesses.

1.2. History

• September 26, 2008

Obtained final approval from the Financial Services Commission to establish a financial holding company

• September 29, 2008

Establishment of the Company through a comprehensive stock transfer and listing on the New York Stock Exchange

• October 10, 2008

Listing on the Korea Exchange

• October 20, 2008

The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

• October 31, 2008

The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service

• May 4, 2009

Added Kookmin Bank Cambodia PLC as a second-tier subsidiary

• June 22, 2009

Added KB Life Insurance Co., Ltd., formerly a second-tier subsidiary, as a first-tier subsidiary

• September 28, 2009

Added Burrill-KB Life Sciences Fund as a second-tier subsidiary

• December 1, 2009

Added KB-Glenwood Private Equity Fund No.1 as a second-tier subsidiary

• January 27, 2010

The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

• July 6, 2010

Added KBIC No.3 PEF as a second-tier subsidiary

• December 13, 2010

Added KoFC KBIC Frontier Champ 2010-5 PEF as a second-tier subsidiary

4

• March 2, 2011

Added KB Kookmin Card Co., Ltd. as a first-tier subsidiary

• March 14, 2011

KB Futures Co., Ltd. was merged into KB Investment & Securities Co., Ltd.

• July 8, 2011

The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service

• November 12, 2011

Closed KB Investment & Securities Hong Kong.

• January 13, 2012

Added KB Savings Bank Co., Ltd. as a first-tier subsidiary.

1.3. Overview of the Business Group

		(As of December 31, 2011)
Type	Name of Company	Controlling Company	Remarks
Holding Company	KB Financial Group	—	Listed
1st Tier Subsidiaries	Kookmin Bank	KB Financial Group	Not listed
	KB Kookmin Card	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 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-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
	KBIC No.3 PEF	KB Investment	Not listed
	KoFC KBIC Frontier Champ 2010-5 PEF	KB Investment	Not listed

Notes:

(1) KLB Securities, a subsidiary of Kookmin Bank, is in liquidation.

(2) On March 2, 2011, KB Kookmin Card Co., Ltd., previously a business division of Kookmin Bank, was newly established and added as a first-tier subsidiary of KB Financial Group.

(3) On March 14, 2011, KB Futures Co., Ltd. was merged into KB Investment & Securities Co., Ltd. Accordingly, KB Futures Co., Ltd. is no longer a first-tier subsidiary of KB Financial Group.

(4) On November 12, 2011, KB Investment & Securities Hong Kong was closed.

(5) On January 13, 2012, KB Savings Bank Co., Ltd. was added as a first-tier subsidiary.

5

1.4. Capital Structure

1.4.1. Common Shares

Capital Increase

(As of December 31, 2011)								(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%

Number of Shares

(As of December 31, 2011)			(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

1.4.2. Voting Rights

(As of December 31, 2011)
Items		Number of shares		Notes
Total number of issued shares	Common shares		386,351,693	—
	Preferred shares		—	—
Shares without voting rights	—		—	—
Shares for which voting rights are restricted under relevant laws and regulations	—		—	—
Shares with restored voting rights	—		—	—
Total shares for which voting rights may be exercised	Common shares		386,351,693	—
	Preferred shares		—	—

6

1.5. Dividend

Items		January 1, 2011 to December 31, 2011(2)(4)			January 1, 2010 to December 31, 2010(1)(3)		January 1, 2009 to December 31, 2009(1)(3)
Par value per share (Won)			5,000			5,000		5,000
Net income (Won in Millions)			(63,678	)		88,320		539,818
Earnings per share (Won)			(173	)		257		1,659
Total cash dividends (Won in Millions)			278,173			41,163		78,897
Total stock dividends (Won in Millions)			—			—		—
Cash dividend payout ratio (%)			(436.8	)		46.6		14.6
Cash dividend yield (%)	Common Shares		14.4			0.2		0.4
	Preferred Shares		—			—		—
Stock dividend yield (%)	Common Shares		—			—		—
	Preferred Shares		—			—		—
Cash dividend per share (Won)	Common Shares		720			120		230
	Preferred Shares		—			—		—
Stock dividend per share (Shares)	Common Shares		—			—		—
	Preferred Shares		—			—		—

Notes:

(1) Based on generally accepted accounting principles in Korea (“Korean GAAP”).

(2) Based on Korean IFRS.

(3) The total number of common shares that were eligible for payment of dividends for the years ended December 31, 2010 and December 31, 2009 was 343,028,989 shares (which excludes 43,322,704 shares that were held by Kookmin Bank, a wholly-owned subsidiary of KB Financial Group, as of such periods), respectively.

(4) Dividend payout ratio on a consolidated basis for the year ended December 31, 2011 was 11.7%.

7

2. Business

2.1. Results of Operations

(Unit: in millions of Won)

	For the year ended December 31, 2011			For the year ended December 31, 2010
Net interest income		7,104,512			6,173,804
Interest income		13,956,257			13,051,936
Interest expense		(6,851,745	)		(6,878,132	)
Net fee and commission income		1,794,750			1,704,714
Fee and commission income		2,829,754			2,481,451
Fee and commission expense		(1,035,004	)		(776,737	)
Net gains (losses) on financial assets/liabilities at fair value through profit and loss		1,035,867			814,808
Provision for credit losses		(1,512,978	)		(2,871,417	)
G&A Expenses		(3,931,808	)		(4,366,629	)
Employee compensation and benefits		(1,870,864	)		(2,406,852	)
Depreciation and amortization		(342,493	)		(347,692	)
Other general and administrative expenses		(1,718,451	)		(1,612,085	)
Net other operating income (expenses)		(1,092,009	)		(1,067,343	)
Operating profit		3,398,334			387,937

* Consolidated basis.

8

2.2. Source and Use of Funds

2.2.1. Source of Funds

(Unit: in millions of Won, %)

		For the year ended December 31, 2011						For the year ended December 31, 2010
		Average Balance		Interest Rate (%)		Ratio (%)		Average Balance		Interest Rate (%)		Ratio (%)
	Deposits		169,714,084		3.02		63.02		152,853,317		2.93		58.20
	Certificate of deposit		1,745,901		3.90		0.65		11,044,417		4.00		4.21
Won currency	Borrowings		4,593,395		3.01		1.71		3,775,933		2.84		1.44
	Call money		1,779,391		3.01		0.66		836,862		2.20		0.32
	Debentures		24,561,693		5.36		9.12		30,865,318		5.42		11.76
	Other		3,713,710		3.50		1.38		3,790,878		2.89		1.44
Subtotal			206,108,174		3.31		76.54		203,166,725		3.36		77.37
	Deposits		3,394,042		0.64		1.26		3,587,564		0.69		1.37
Foreign currency	Borrowings		7,464,052		0.92		2.77		6,021,855		1.05		2.29
	Call money		896,482		0.84		0.33		1,046,087		0.68		0.40
	Debentures		3,838,788		5.03		1.43		4,561,180		4.16		1.74
	Other		134,421		0.59		0.05		125,392		0.75		0.05
Subtotal			15,727,785		1.85		5.84		15,342,078		1.86		5.85
	Total shareholders’ equity		24,290,497		—		9.02		20,501,935		—		7.81
Other	Allowances		1,096,724		—		0.41		1,032,427		—		0.39
	Other		22,049,153		—		8.19		22,523,582		—		8.58
Subtotal			47,436,374		—		17.62		44,057,944		—		16.78
Total			269,272,333		—		100.00		262,566,747		—		100.00

* Consolidated basis.

9

2.2.2. Use of Funds

(Unit: in millions of Won, %)

		For the year ended December 31, 2011								For the year ended December 31, 2010
		Average Balance			Interest Rate (%)		Ratio (%)			Average Balance			Interest Rate (%)		Ratio (%)
	Due from banks		1,622,223			3.75		0.60			1,307,747			2.42		0.50
	Securities		42,633,560			4.44		15.83			41,504,702			4.69		15.81
Won currency	Loans		179,786,245			5.63		66.78			173,430,344			5.29		66.05
	Guarantee payments under payment guarantee		142,018			0.26		0.05			172,832			0.60		0.07
	Call loan		1,345,886			3.18		0.50			1,487,626			2.20		0.57
	Private placement corporate bonds		1,361,495			5.88		0.51			2,701,689			5.47		1.03
	Credit cards		12,377,664			10.82		4.60			11,922,426			10.85		4.54
	Other		1,963,980			11.42		0.73			2,402,286			7.45		0.91
	Allowance ( - )		(3,654,789	)		—		(1.36	)		(3,839,895	)		—		(1.46	)
Subtotal			237,578,282			5.79		88.24			231,089,757			5.55		88.02
	Due from banks		676,389			2.05		0.25			571,545			1.12		0.22
	Securities		1,693,605			3.82		0.63			2,087,107			2.97		0.79
Foreign currency	Loans		9,355,591			2.21		3.47			8,477,924			2.60		3.23
	Call loan		1,236,257			0.74		0.46			840,333			0.52		0.32
	Bills bought		2,432,861			2.08		0.90			2,183,308			2.63		0.83
	Allowance ( - )		(206,220	)		—		(0.08	)		(239,913	)		—		(0.09	)
	Other		1,270			—		0.00			1,179			—		0.00
Subtotal			15,189,753			2.27		5.63			13,921,483			2.52		5.30
	Cash		1,506,765			—		0.56			1,337,416			—		0.51
Other	Fixed assets held for business		3,223,574			—		1.20			3,266,699			—		1.24
	Other		11,773,959			—		4.37			12,951,392			—		4.93
Subtotal			16,504,298			—		6.13			17,555,507			—		6.68
Total			269,272,333			—		100.00			262,566,747			—		100.00

* Consolidated basis.

10

2.3. Other Information for Investment Decision

2.3.1. Capital Adequacy

KB Financial Group (calculated in accordance with Basel I)			(Unit: in millions of Won, %)
	As of December 31, 2011(1)		As of December 31, 2010(2)		As of December 31, 2009(2)
Total Capital (A)		25,239,906		23,948,343		24,360,262
Risk-weighted assets (B)		192,812,547		183,077,983		182,664,075
BIS ratio (A/B)(3)		13.09		13.08		13.34

(1) Based on Korean IFRS.

(2) Based on Korean GAAP.

(3) 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, 2011(1)		As of December 31, 2010(2)		As of December 31, 2009(2)
Total Capital (A)		19,668		20,801		21,708
Risk-weighted assets (B)		145,185		154,806		154,593
BIS ratio (A/B)		13.55		13.44		14.04

(1) Based on Korean IFRS (consolidated basis).

(2) Based on Korean GAAP (consolidated basis).

2.3.2. Credit ratings

Date of Rating	Evaluated Securities	Credit Rating	Company (Ratings Range)	Evaluation
07/07/2011	Debentures	AAA	Korea Ratings (AAA ~ D)	Stable
06/30/2011	Debentures	AAA	KIS Ratings (AAA ~ D)	Stable
05/16/2011	Debentures	AAA	NICE Ratings (AAA ~ D)	Stable

11

3. Financial Information

3.1. Separate Condensed Financial Information

(Unit: in millions of Won)

	As of December 31, 2011		As of December 31, 2010
Cash and due from financial institutions		32,031		759,998
Loans		60,000		160,000
Investments in subsidiaries		17,773,322		17,673,322
Property and equipment		759		1,109
Intangible assets		10,531		11,057
Current income tax assets		—		125,423
Deferred income tax assets		2,445		898
Other assets		631,602		48,105
Total Assets		18,510,690		18,779,912
Borrowings		130,000		—
Debentures		49,988		799,353
Current income tax liabilities		578,729		—
Other liabilities		35,693		159,438
Total Liabilities		794,410		958,791
Capital stock		1,931,758		1,931,758
Capital surplus		13,513,809		13,513,809
Retained earnings		2,270,713		2,375,554
Total Equity		17,716,280		17,821,121

	For the year ended December 31, 2011			For the year ended December 31, 2010
Operating revenue		26,999			131,459
Operating profit (loss)		(62,362	)		39,886
Profit (loss) before tax		(65,225	)		40,678
Profit (loss) for the period		(63,678	)		41,575

12

3.2. Consolidated Condensed Financial Information

(Unit: in millions of Won)

	As of December 31, 2011		As of December 31, 2010
Cash and due from financial institutions		9,178,125		6,829,828
Financial assets at fair value through profit and loss		6,326,104		4,013,313
Derivative financial assets		2,448,455		2,595,121
Loans		212,107,027		197,621,004
Financial investments		35,432,182		36,189,650
Investments in associates and joint ventures		892,132		723,411
Property and equipment		3,186,020		3,150,260
Investment property		51,552		52,921
Intangible assets		468,441		504,920
Deferred income tax assets		22,329		4,045
Assets held for sale		9,931		9,353
Other assets		7,478,519		7,076,796
Total Assets		277,600,817		258,770,622
Financial liabilities at fair value through profit and loss		1,388,079		1,294,859
Deposits		190,337,590		179,862,071
Debts		16,823,838		11,744,389
Derivative financial liabilities		2,059,573		2,236,359
Debentures		27,069,879		29,107,316
Provisions		797,739		1,020,070
Current income tax liabilities		588,825		29,641
Deferred income tax liabilities		220,842		283,575
Other liabilities		15,214,657		13,526,412
Total Liabilities		254,501,022		239,104,692
Equity attributable to shareholders of the parent entity		22,917,975		18,496,687
Capital stock		1,931,758		1,931,758
Capital surplus		15,841,824		15,990,278
Accumulated other comprehensive income		191,642		430,572
Retained earnings		4,952,751		2,620,888
Treasury shares		0		(2,476,809	)
Non-controlling interests		181,820		1,169,243
Total Equity		23,099,795		19,665,930
Total Liabilities and Equity		277,600,817		258,770,622
	For the year ended December 31, 2011		For the year ended December 31, 2010
Operating revenue		26,484,343		25,609,499
Operating profit		3,398,334		387,937
Profit before income tax		3,260,806		149,368
Profit for the period		2,428,572		219,909
Profit attributable to shareholders of the parent entity		2,373,026		146,600
Number of consolidated companies		67		56

13

3.3. Other Selected Financial Data

3.3.1. Won-denominated Liquidity Ratio

	(Unit: in billions of Won, %)
Category	2011(1)(2)			2010(1)(3)			2009(1)(3)
Current assets in Won (a)		20.1			763.7			854.9
Current liabilities in Won (b)		2.6			1.5			0.5
Current ratio (a/b)		766.16	%		50,241.38	%		178,473.28	%

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

(2) Based on Korean IFRS (non-consolidated basis).

(3) Based on Korean GAAP (non-consolidated basis).

3.3.2. Assets under management

	(Unit: in billions of Won)
Category	2011			2010			Change in amount
Total assets under management(1)		361,622			333,487			28,135
Kookmin Bank		276,650			271,231			5,419
Non-banking subsidiaries		84,972			62,256			22,716
Percentage of non-banking subsidiaries		23.5	%		18.7	%		4.8	%p

(1) Includes trusts accounts managed by Kookmin Bank (which are not consolidated) and assets managed by our non-banking subsidiaries.

3.3.3. Selected ratios

	(Unit: %)
Category	2011(1)			2010(2)			2009(2)
Net income as a percentage of total assets		0.88	%		0.03	%	0.20%
Net income as a percentage of shareholders’ equity		11.36			0.49		3.25

(1) Based on Korean IFRS.

(2) Based on Korean GAAP.

14

3.3.4. 20 Largest Exposures of Kookmin Bank by Borrower

	(As of December 31, 2011)
Company	Credit extended *
	(Unit: in billions of Won)
Hyundai Heavy Industries		1,056
Hyundai Steel		909
LG Electronics		857
GS Caltex		751
Hyundai Motor Company		639
Samsung Heavy Industries		618
Daewoo Shipbuilding & Marine Engineering		594
KT Corporation		584
Shinhan Financial Group		532
Samsung Electronics		499
Hyundai Capital		485
Shinhan Card		434
CJ Cheiljedang Corp		385
LG Display		375
Samsung Card		373
Daewoo International		370
Bank of Communications		362
Hyundai MOBIS		338
LS-Nikko Copper Inc.		316
Incheon Bridge Co., Ltd		298
Total		10,775

* Calculated in accordance with the Detailed Regulations on Supervision of Banking Business.

15

3.3.5. 10 Largest Exposures of Kookmin Bank by Chaebol Group

	(As of December 31, 2011)
Group	Credit extended *
	(Unit: in billions of Won)
Hyundai Motor		3,654
Samsung		3,086
LG		2,265
Hyundai Heavy Industries		1,590
SK		1,321
Lotte		1,074
Hanwha		945
GS		871
KT Corporation		855
POSCO		846
Total		16,507

* Calculated in accordance with the Detailed Regulations on Supervision of Banking Business.

3.3.6. Kookmin Bank’s Loan Concentration by Industry

	(As of December 31, 2011)
Industry	Total Credit		Percentage of Total  Credit
	(Unit: in billions of Won, %)
Manufacturing		35,525		35.79	%
Construction		6,317		6.37
Real estate		15,188		15.30
Retail and wholesale		16,910		17.04
Hotel, leisure or transportation		6,300		6.35
Finance and insurance		2,175		2.19
Other		16,833		16.96
Total		99,248		100.00	%

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3.3.7. Top 20 Non-Performing Loans of Kookmin Bank

	(As of December 31, 2011)
	Industry	Total Credit		Allowance for Loan  Losses
	(Unit: in billions of Won)
Borrower A	Manufacturing		109		76
Borrower B	Wholesale and retail		67		0
Borrower C	Construction		65		62
Borrower D	Construction		57		35
Borrower E	Manufacturing		54		39
Borrower F	Manufacturing		54		46
Borrower G	Construction		51		24
Borrower H	Finance and insurance		48		17
Borrower I	Construction		45		45
Borrower J	Construction		38		39
Borrower K	Real estate and leasing		34		15
Borrower L	Manufacturing		29		7
Borrower M	Construction		28		26
Borrower N	Real estate and leasing		26		4
Borrower O	Manufacturing		26		28
Borrower P	Construction		26		23
Borrower Q	Manufacturing		24		0
Borrower R	Construction		23		22
Borrower S	Finance and insurance		22		1
Borrower T	Manufacturing		22		22
Total			848		531

3.4. Other Financial Information

See Form 6-K filed by the Company on March 15, 2012, which contains the Company’s audited consolidated and separate financial statements and relevant notes as of and for the years ended December 31, 2010 and 2011, which have been prepared in accordance with Korean IFRS. The Company’s audited consolidated and separate financial statements are also available on its website, www.kbfng.com.

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4.  Independent Public Accountants

4.1.  Audit / Review Services

Period	Auditor	Activity	Compensation(1) (in millions of Won)	Accrued Time (hours)
January 1 to December 31, 2011	Samil PricewaterhouseCoopers	Quarterly / first half and annual review & audit, review of internal accounting management system, and PCAOB audit of consolidated financial statements and internal control over financial reporting	1,150	12,950
January 1 to December 31, 2010	Samil PricewaterhouseCoopers	Quarterly / first half and annual review & audit, and review of internal accounting management system	263	5,415
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

(1) Excluding value-added taxes.

4.2.  Non-Audit Services

				(Unit: millions of Won)
Period	Contract date	Activity	Service period	Compensation(1)
January 1 to December 31, 2011	—	—	—	—
January 1, to December 31, 2010	December 30, 2010	US GAAP and SOX Audit	December 30, 2010 to June 30, 2011	2,700
	April 30, 2010	K-IFRS Audit	April 30, 2010 to March 31, 2011	380
January 1 to December 31, 2009	November 12, 2009	US GAAP and SOX Audit	November 12, 2009 to June 30, 2010	2,700
	July 21, 2009	Issuance of comfort letter	July 21, 2009 to September 1, 2009	210

(1) Excluding value-added taxes.

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5.  Corporate Governance and Affiliated Companies

5.1.  Board of Directors & Committees under the Board

As of March 30, 2012, the board of directors consisted of two executive directors, two non-standing directors and nine non-executive directors. The following committees currently serve under our board of directors:

• Board Steering Committee

• Audit Committee

• Management Strategy Committee

• Risk Management Committee

• Evaluation & Compensation Committee

• Non-Executive Director Nominating Committee

• Audit Committee Member Nominating Committee

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

			(Unit: in millions of Won)
	Total number of persons	Total amount approved at Shareholders’ Meeting (1)	Notes
Registered Directors (including non-executive directors and audit committee members)	12	5,000	—

(1) Represents the aggregate amount for all directors (including non-executive directors). Excludes long-term incentives.

					(Unit: in millions of Won)
	Total number of persons		Total payment (1) (3) (4) (5)		Average payment per person (2)		Total amount of fair value of stock options		Notes
Registered Directors (including two non-standing directors)		4		1,251		313		—		—
Non-executive Directors (excluding audit committee members)		3		234		78		—		—
Audit committee members or internal auditor		5		378		76		—		—
Total		12		1,863		155		—		—

(1) Represents total amount paid for the year ended December 31, 2011.

(2) Represents (i) the total amount paid for the year ended December 31, 2011, divided by (ii) the total number of applicable persons.

(3) Payment subject to the Company’s internal policies on compensation to directors.

(4) In addition to the total payments as presented in the above table, we recorded Won 1,887 million in our income statement for the year ended December 31, 2011 with respect to performance-based stock grants, the payment and amount of which are determined in accordance with the performance of the grantees.

(5) In addition to the total payments as presented in the above table, a total of Won 237 million was paid in the first quarter of 2011 with respect to short-term performance-based compensation in accordance with the performances in 2010.

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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 March 30, 2012 are as follows.

• Kookmin Bank (100.00%)

• KB Kookmin Card (100.00%)

• KB Investment & Securities (100.00%)

• KB Life Insurance (51.00%)

• KB Asset Management (100.00%)

• KB Real Estate Trust (100.00%)

• KB Investment (100.00%)

• KB Credit Information (100.00%)

• KB Data Systems (100.00%)

• KB Savings Bank (100.00%)

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6.  Directors, Senior Management and Employees

6.1. Executive Directors

As of March 30, 2012, we had two executive directors. The name and position of our executive directors and the number of shares of KB Financial Group’s common stock they respectively owned as of March 30, 2012 are set forth below.

Name	Date of Birth	Position	Common Shares Owned
Yoon-Dae Euh	May 1945	Chairman & Chief Executive Officer		30,770
Young Rok Lim	March 1955	President		3,648

6.2. Non-Standing Directors

As of March 30, 2012, we had two non-standing directors. The name and position of our non-standing directors and the number of shares of KB Financial Group’s common stock they respectively owned as of March 30, 2012 are set forth below.

Name	Date of Birth	Position	Common Shares Owned
Byong Deok Min	May 1954	Non-Standing Director		3,475
Vaughn Richtor	October 1955	Non-Standing Director		—

6.3. Non-Executive Directors

Our non-executive directors, and the number of shares of KB Financial Group’s common stock they respectively owned as of March 30, 2012 are as follows.

Name	Date of Birth	Position	Common Shares Owned
Kyung Jae Lee	January 1939	Non-Executive Director		—
Jae Wook Bae	March 1945	Non-Executive Director		—
Young Jin Kim	December 1949	Non-Executive Director		—
Kun Ho Hwang	January 1951	Non-Executive Director		500
Jong Cheon Lee	February 1951	Non-Executive Director		—
Sang Moon Hahm	February 1954	Non-Executive Director		3,607
Seung Hee Koh	June 1955	Non-Executive Director		—
Young Nam Lee	September 1957	Non-Executive Director		—
Jae Mok Cho	January 1961	Non-Executive Director		—

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6.4. Senior Management

In addition to our executive directors who are also our executive officers, we had the following ten executive officers as of March 30, 2012.

Name	Date of Birth	Position	Common Shares Owned
Dong Chang Park	February 1952	Deputy President & Chief Strategy Officer		200
Jong Kyoo Yoon	October 1955	Deputy President & Chief Financial Officer		5,300
Wang-Ky Kim	March 1955	Deputy President & Chief Public Relations Officer		1,000
Seok Heung Ryu	January 1957	Deputy President & Chief Information Officer		127
Minho Lee	April 1965	Deputy President & Chief Compliance Officer		1,700
Wonkeun Yang	September 1956	Senior Managing Director (KB Research)		260
Yong Jin Cho	February 1961	Managing Director & Chief Human Resources Officer		473
Kyung Sup Han	December 1958	Managing Director & Chief Risk Officer		632
Dong Cheol Lee	October 1961	Managing Director (Strategic Planning)		203
Kyu Sul Choi	August 1960	Managing Director (Investor Relations)		836

6.5.  Employees

The following table shows the breakdown of our employees as of December 31, 2011.

					(Unit: in millions of Won)
	Number of Employees		Average Tenure of Employees (months)		Total Payment  (1)		Average Payment per Person (2)
Total		148		21.1 months		10,504		71

(1) Represents the total amount paid (excluding bonuses and fringe benefits) for the year ended December 31, 2011.

(2) Represents (i) the total amount paid (excluding bonuses and fringe benefits) for the year ended December 31, 2011 divided by (ii) the total number of employees as of December 31, 2011.

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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, 2011:

			(Unit: Shares, %)
Name	Number of Shares of Common Stock		Percentage of Total Issued Shares
Citibank, N.A.(1)		33,653,277		8.71
Korean National Pension Service		26,510,171		6.86
ING Bank N.V.		19,401,044		5.02

* The number of shares of common stock presented for each stockholder in the table above is based on our shareholder registry as of December 31, 2011, unless otherwise indicated.

(1) Depositary under the Company’s ADR program.

7.2.  Changes in the Largest Shareholder

(As of December 31, 2011) (Unit: Shares, %)

Name of Largest Shareholder	Date of Change in Largest Shareholder/ Date of Change in Ownership Level	Number of Shares of Common Stock		Percentage of Total Issued Shares(1)
Korean National Pension Service	December 31, 2011		26,510,171		6.86
Korean National Pension Service	July 8, 2011		23,650,699		6.12
ING Bank N.V.	January 27, 2010		19,401,044		5.02
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 largest shareholder / change in ownership level is the date as indicated on the public filing disclosing relevant 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.

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7.3.  Employee Stock Ownership Association

(As of December 31, 2011) (Unit: Shares)

Company Name	Number of shares		Type of shares
KB Financial Group		19,040	Common Stock
Kookmin Bank		3,108,983	Common Stock
KB Kookmin Card		150,402	Common Stock
KB Investment & Securities		34,269	Common Stock
KB Life Insurance		22,069	Common Stock
KB Asset Management		8,611	Common Stock
KB Real Estate Trust		15,945	Common Stock
KB Investment		4,181	Common Stock
KB Credit Information		16,669	Common Stock
KB Data Systems		24,665	Common Stock
Total		3,404,834	Common Stock

7.4. Investments in Affiliated Companies

(As of December 31, 2011) (Units: shares, millions of Won, %)

Name	Ending Balance						Total Assets as of the latest fiscal year(2)		Net Income (loss) for the latest fiscal year(2)			Notes
	Number of shares		Shareholding percentage		Book value(1)
Kookmin Bank(3)		404,379,116		100		14,821,721		257,728,625		2,008,579			(4	)
KB Kookmin Card(3)		92,000,000		100		1,953,175		13,327,761		320,778			—
KB Investment & Securities(5)		31,588,314		100		507,212		2,629,279		25,526			(6	)
KB Futures(5)		—		—		—		—		—			—
KB Life Insurance		28,152,000		51		138,484		3,869,630		25,871			(6	)
KB Asset Management		7,667,550		100		96,312		153,352		21,278			(6	)
KB Real Estate Trust		16,000,000		100		121,553		251,228		15,450			(4	)
KB Investment		8,951,797		100		104,910		126,404		8,425			(4	)
KB Credit Information		1,252,400		100		23,621		30,529		(2,391	)		(4	)
KB Data Systems		800,000		100		6,334		30,589		2,148			(4	)
Total		590,791,177		—		17,773,322		—		—

(1) Based on Korean IFRS.

(2) Based on Korean IFRS (non-consolidated basis)

(3) KB Kookmin Card was newly established on March 2, 2011 to operate the credit card business previously operated by Kookmin Bank.

(4) As of or for the year ended December 31, 2011.

(5) KB Futures was merged into KB Investment & Securities on March 14, 2011.

(6) As of March 31, 2011 or for the period from April 1, 2010 to March 31, 2011.

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7.5.  Related Party Transactions

7.5.1. Prepayments and Loans to Subsidiaries

								(Unit: in billions of Won)
Name	Relationship	Account		Loan Amount		Current Balance		Interest Rate	Maturity
KB Real Estate Trust	Subsidiary		Loans		50		50	CD 3M + 226 bps	June 29, 2013
KB Investment	Subsidiary		Loans		20		10	CD 3M + 221 bps	June 29, 2012

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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 30, 2012	By:	/s/ Jong Kyoo Yoon
	(Signature)
	Name:	Jong Kyoo Yoon
	Title:	Deputy President & CFO

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