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 November 2022

Commission File Number: 000-53445

KB Financial Group Inc.

(Translation of registrant’s name into English)

26, Gukjegeumyung-ro 8-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  ☐

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 submitted to furnish a report or other document that the registrant 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.

Index

2. Exhibit 99.1 KB Financial Group Review Report for the Third Quarter of 2022 (Consolidated)

3. Exhibit 99.2 KB Financial Group Review Report for the Third Quarter of 2022 (Separate)

TABLE OF CONTENTS

1.	Introduction to the Company
1.1.	Business Purpose
1.2.	History
1.3.	Overview of the Business Group
1.4.	Capital Structure
1.5.	Dividends
1.6.	Amendments to the Articles of Incorporation
2.	Business
2.1.	Results of Operations
2.2.	Sources and Uses of Funds
2.3.	Other Information to Consider in Making an Investment Decision
3.	Financial Information
3.1.	Consolidated Financial Information
3.2.	Separate Financial Information
3.3.	Other Selected Financial Data
3.4.	Other Financial Information
4.	Independent Public Accountants
4.1.	Audit/ Review Services
4.2.	Public Company Accounting Oversight Board (“PCAOB”) Audit Services
4.3.	Change in Auditor
5.	Corporate Governance and Affiliated Companies
5.1.	Board of Directors & Committees under the Board
5.2.	Audit Committee
5.3.	Compensation to Directors
5.4.	Top 5 Highest-Paid Individuals
5.5.	Affiliated Companies
6.	Directors, Senior Management and Employees
6.1.	Executive Directors
6.2.	Non-standing Directors
6.3.	Non-executive Directors
6.4.	Senior Management
6.5.	Employees
7.	Major Shareholders and Related Party Transactions
7.1.	Major Shareholders
7.2.	Changes in the Largest Shareholder
7.3.	Employee Stock Ownership Association
7.4.	Investments in Affiliated Companies
7.5.	Related Party Transactions

Summary of 2022 Third Quarter Business Report

On November 14, 2022, KB Financial Group Inc. (“KB Financial Group” or the “Group”) filed its business report for the third quarter of 2022 (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 have been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“K-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.

1. Introduction to the Company

1.1. Business Purpose

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 the credit card business, the financial investment business, the insurance business and other related businesses.

1.2. History

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

1.3. Overview of the Business Group

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

1.4. Capital Structure

1.4.1. Common Shares

Changes in Capital

(As of September 30, 2022)						(Unit: Won, shares)
Date	Type	Number of Shares Issued or Cancelled	Par Value	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	% increase in number of common shares: 8.41865%
October 19, 2016	Common Stock	31,759,844	5,000		35,474	% increase in number of common shares: 8.22045%
December 12, 2019	Common Stock	2,303,617	5,000		—	Share Cancellation(1)
February 14, 2022	Common Stock	3,455,426	5,000		—	Share Cancellation(1)
August 1, 2022	Common Stock	3,455,426	5,000		—	Share Cancellation(1)

Note: (1) The cancelled shares constituted treasury shares acquired pursuant to a resolution of the board of directors of the Company within the limits of profit available for dividend payment, and as such, there was no change in paid-in capital.

Number of Shares

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]                

1.4.2. Voting Rights

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

1.5. Dividends

KB Financial Group maintains a progressive dividend policy and aims to increase its payout ratio to 30% in the mid- to long-term, and also plans to consider acquiring and cancelling treasury shares to improve shareholder return depending on market conditions.

Although KB Financial Group has continued to increase its payout ratio, for example, from 24.8% in 2018 to 26% in 2019, it has decided on a payout ratio of 20% in 2020 based on the Financial Services Commission’s recommendation to temporarily limit the payout ratio to 20% in consideration of uncertainties related to the COVID-19 pandemic.

Following the termination of the Financial Services Commission’s recommendation as described above in 2021, KB Financial Group, for the first time in its history, announced a quarterly dividend of Won 750 per share as of June 30, 2021. KB Financial Group increased its payout ratio from 20% in 2020 to 26% in 2021, which was the same level of payout ratio as in 2019.

Starting with the first quarter of 2022, KB Financial Group has regularized the payout of a quarterly cash dividend of Won 500 per share each quarter, and it is targeting a payout ratio in 2022 that will be at least the same level as the payout ratio in 2021, which was 26%. The Group is continuing to strive to improve its shareholder value by pursuing various shareholder return policies, as demonstrated by its two cancellations of treasury shares in 2022, which were each completed in February and August of 2022.

	(Unit: in millions of Won, except per share amounts and percentages)
Items			January 1, 2022 to September 30, 2022(1)		January 1, 2021 to December 31, 2021(2)		January 1, 2020 to December 31, 2020(3)
Par value per share (Won)				5,000		5,000		5,000
(Consolidated) Net income				4,027,948		4,409,543		3,455,151
(Consolidated) Earnings per share (Won)				10,118		11,134		8,809
Total cash dividends				584,451		1,145,525		689,653
Total stock dividends				—		—		—
(Consolidated) Cash dividend payout ratio (%)				14.5		26.0		20.0
Cash dividend yield (%)		Common shares		3.2		5.2		3.9
		—		—		—		—
Stock dividend yield (%)		Common shares		—		—		—
		—		—		—		—
Cash dividend per share (Won)		Common shares		1,500		2,940		1,770
		—		—		—
Stock dividend per share		Common shares		—		—
		—		—		—

Note:	(1)	Includes a quarterly dividend amount of Won 194,817 million (Won 500 per common share) in the first quarter of fiscal year 2022, a quarterly dividend amount of Won 194,817 million (Won 500 per common share) in the second quarter of fiscal year 2022, and a quarterly dividend amount of Won 194,817 million (Won 500 per common share) in the third quarter of fiscal year 2022.
	(2)	Includes a quarterly dividend amount of Won 292,226 million (Won 750 per common share) in the second quarter of fiscal year 2021.
	(3)	The consolidated net income for fiscal year 2020 has been restated retrospectively as Won 3,468,448 million (consolidated earnings per share of Won 8,843, consolidated cash dividend payout ratio of 19.9%) to reflect the accounting policy changes in connection with the IFRIC decision regarding K-IFRS No. 1019.

1.6. Amendments to the Articles of Incorporation

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

2. Business

2.1. Results of Operations

							(Unit: in millions of Won)
	For the nine months ended September 30, 2022			For the nine months ended September 30, 2021			For the year ended December 31, 2021			For the year ended December 31, 2020
Net interest income		9,661,500			8,255,354			11,229,572			9,722,274
Interest income		14,377,071			11,136,688			15,210,878			14,485,747
Interest expense		(4,715,571	)		(2,881,334	)		(3,981,306	)		(4,763,473	)
Net fee and commission income		2,603,743			2,743,926			3,625,583			2,958,939
Fee and commission income		3,916,286			3,991,086			5,323,606			4,527,024
Fee and commission expense		(1,312,543	)		(1,247,160	)		(1,698,023	)		(1,568,085	)
Net insurance income		407,760			462,842			556,711			299,993
Insurance income		13,142,790			12,234,157			16,107,858			14,386,640
Insurance expense		(12,735,030	)		(11,771,315	)		(15,551,147	)		(14,086,647	)
Net gains (losses) on financial assets/liabilities at fair value through profit or loss		(526,154	)		702,841			995,304			1,011,366
Net other operating expenses		(1,090,658	)		(1,302,887	)		(1,923,567	)		(1,499,930	)
General and administrative expenses		(5,180,139	)		(5,057,497	)		(7,200,853	)		(6,814,812	)
Operating profit before provision for credit losses		5,876,052			5,804,579			7,282,750			5,677,830
Provision for credit losses		(775,124	)		(596,502	)		(1,185,133	)		(1,043,498	)
Net operating profit		5,100,928			5,208,077			6,097,617			4,634,332

Notes: (1) Based on K-IFRS (on a consolidated basis).

2.2. Sources and Uses of Funds

2.2.1. Sources of Funds

														(Unit: in millions of Won)
		For the nine months ended September 30, 2022						For the year ended December 31, 2021						For the year ended December 31, 2020
		Average Balance		Interest Rate (%)		Ratio (%)		Average Balance		Interest Rate (%)		Ratio (%)		Average Balance		Interest Rate (%)		Ratio (%)
Won Currency	Deposits		327,131,272		1.07		48.16		309,428,469		0.74		49.09		286,168,968		1.07		50.88
	Certificate of deposit		4,991,246		1.94		0.73		3,618,303		0.87		0.57		3,635,870		1.37		0.65
	Borrowings		30,665,549		1.61		4.51		24,900,706		0.96		3.95		17,330,480		1.20		3.08
	Call money		2,031,807		1.05		0.30		1,324,902		0.65		0.21		1,617,841		0.65		0.29
	Debentures		57,303,383		2.22		8.44		57,214,310		1.82		9.08		52,843,837		2.02		9.39
	Others		15,820,095		2.18		2.33		20,305,205		0.84		3.22		19,792,619		1.01		3.52
Subtotal			437,943,352		1.31		64.47		416,791,895		0.91		66.12		381,389,615		1.21		67.81
Foreign Currency	Deposits		32,097,848		1.81		4.73		26,607,162		1.70		4.22		20,488,109		1.46		3.64
	Borrowings		20,711,504		1.58		3.05		12,976,574		1.16		2.06		12,071,802		1.81		2.15
	Call money		1,138,003		1.63		0.17		995,957		0.75		0.16		976,153		0.97		0.17
	Debentures		11,478,672		1.85		1.69		8,544,738		1.49		1.36		6,535,922		1.84		1.16
	Others		1,220,390		1.79		0.17		2,029,862		0.82		0.32		1,126,379		1.12		0.20
Subtotal			66,646,417		1.74		9.81		51,154,293		1.47		8.12		41,198,365		1.60		7.32
Others	Total shareholders’ equity		49,524,578		—		7.29		46,705,724		—		7.41		41,495,072		—		7.38
	Allowances		1,138,796		—		0.17		1,040,835		—		0.17		912,721		—		0.16
	Others		124,039,834		—		18.26		114,646,087		—		18.18		97,476,975		—		17.33
Subtotal			174,703,208		—		25.72		162,392,646		—		25.76		139,884,768		—		24.87
Total			679,292,977		—		100.00		630,338,834		—		100.00		562,472,748		—		100.00

Note: Based on K-IFRS (on a consolidated basis).

2.2.2. Uses of Funds

																		(Unit: in millions of Won)
		For the nine months ended September 30, 2022								For the year ended December 31, 2021								For the year ended December 31, 2020
		Average Balance			Interest Rate (%)		Ratio (%)			Average Balance			Interest Rate (%)		Ratio (%)			Average Balance			Interest Rate (%)		Ratio (%)
Won Currency	Due from banks		13,526,068			0.56		1.99			15,212,672			0.30		2.41			7,400,343			0.67		1.32
	Securities		151,555,906			0.78		22.31			147,320,309			1.31		23.37			125,573,646			1.97		22.33
	Loans		362,102,862			3.32		53.31			340,131,319			2.80		53.96			315,871,106			2.98		56.16
	Guarantee payments under payment guarantee		5,779			0.23		—			5,053			1.31		—			13,421			0.73		—
	Call loan		732,597			1.75		0.11			695,721			0.67		0.11			885,951			0.73		0.16
	Private placement corporate bonds		674,139			3.70		0.10			882,497			3.02		0.14			1,264,212			3.98		0.22
	Credit cards		21,673,189			6.90		3.19			19,862,308			7.09		3.15			18,560,207			7.57		3.30
	Others		3,693,452			10.00		0.54			4,193,384			6.53		0.67			4,614,823			5.04		0.82
	Allowance		(2,742,464	)		—		(0.40	)		(2,480,441	)		—		(0.39	)		(2,416,823	)		—		(0.43	)
Subtotal			551,221,528			2.75		81.15			525,822,822			2.51		83.42			471,766,886			2.89		83.88
Foreign Currency	Due from banks		8,922,721			0.52		1.31			6,868,969			0.38		1.09			6,989,553			0.64		1.24
	Securities		18,824,579			1.48		2.77			16,052,962			3.90		2.55			15,131,521			3.87		2.69
	Loans		35,214,911			5.15		5.18			26,409,776			5.05		4.19			19,818,889			4.30		3.52
	Call loan		7,751,924			1.50		1.14			3,275,072			0.45		0.52			3,149,433			0.82		0.56
	Bills bought		2,639,544			1.82		0.39			1,940,984			0.73		0.31			1,573,725			1.48		0.28
	Allowance		(1,015,839	)		—		(0.15	)		(978,088	)		—		(0.16	)		(404,041	)		—		(0.07	)
	Others		1,913,825			—		0.29			2,229,707			—		0.35			1,294,119			—		0.22
Subtotal			74,251,665			3.12		10.93			55,799,382			3.63		8.85			47,553,199			3.24		8.44
Others	Cash		1,799,472			—		0.26			1,917,967			—		0.30			1,889,892			—		0.34
	Fixed assets held for business		7,989,420			—		1.18			8,130,268			—		1.29			8,048,120			—		1.43
	Others		44,030,892			—		6.48			38,668,395			—		6.14			33,214,651			—		5.91
Subtotal			53,819,784			—		7.92			48,716,630			—		7.73			43,152,663			—		7.68
Total			679,292,977			—		100.00			630,338,834			—		100.00			562,472,748			—		100.00

Note: Based on K-IFRS (on a consolidated basis).

2.3. Other Information to Consider in Making an Investment Decision

2.3.1. Capital Adequacy

KB Financial Group(1)	(Unit: in billions of Won, except percentages)
	As of September 30,  2022(2)		As of December 31, 2021			As of December 31, 2020
Total capital (A)		49,609		45,883			40,080
Risk-weighted assets (B)		321,655		290,914			262,349
BIS ratio (A/B)		15.42		15.77	%		15.28	%

Notes: (1) Calculated in accordance with Basel III.

  (2) Preliminary figures.

Kookmin Bank(1)	(Unit: in billions of Won, except percentages)
	As of September 30,  2022(2)		As of December 31, 2021			As of December 31, 2020
Total capital (A)		37,291		35,572			32,555
Risk-weighted assets (B)		221,971		203,569			183,148
BIS ratio (A/B)		16.80		17.47	%		17.78	%

Notes: (1) Calculated in accordance with Basel III.

  (2) Preliminary figures.

KB Securities Co., Ltd.	(Unit: in billions of Won, except percentages)
	As of September 30, 2022			As of December 31, 2021			As of December 31, 2020
Net operating capital (A)		4,526			3,982			3,656
Total amount at risk (B)		2,627			2,072			1,678
Maintenance equity margin (C)		134			134			134
Net capital ratio (A-B)/(C)		1415.2	%		1,422.3	%		1,474.1	%
Capital surplus (A-B)		1,900			1,909			1,979

KB Insurance Co., Ltd.	(Unit: in billions of Won, except percentages)
	As of September 30,  2022(1)			As of December 31, 2021			As of December 31, 2020
Available capital (A)		4,923			4,349			3,812
Required capital (B)		2,733			2,424			2,181
RBC ratio (A/B)		180.2	%		179.4	%		174.8	%

Note: (1) Preliminary figures.

2.3.2. Overseas Credit Ratings

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

2.3.3. Domestic Credit Ratings

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

2.3.4. Early Retirement Program

To enhance productivity by improving its labor structure, Kookmin Bank implemented a voluntary early retirement program following negotiations with its labor union.

Subsidiary	Date of Retirement		Number of Retired Persons
Kookmin Bank		January 30, 2021	800
		January 21, 2022	674

2.3.5. Other Factors Affecting the Group’s Financial Condition and Results of Operations

The economic outlook for Korea and its financial services sector in the remainder of 2022 and for the foreseeable future remains highly uncertain as a result of, among others, (i) volatile conditions in the Korean and global economies and financial markets resulting from fluctuations in oil and commodity prices, interest and exchange rate fluctuations, higher inflation and unemployment rates, lower consumer confidence, stock market and real estate market volatility and changes in fiscal and monetary policies, (ii) adverse conditions in the Korean and global economies and financial markets resulting from Russia’s invasion of Ukraine and its effects on global commodity prices, and (iii) the continuing risk of further outbreaks of COVID-19 variants and its effects on retail consumption levels.

3. Financial Information

3.1. Consolidated Financial Information

3.1.1. Consolidated Statements of Financial Position

							(Unit: in millions of Won)
	As of September 30, 2022			As of December 31, 2021			As of December 31, 2020
Cash and due from financial institutions		27,496,770			31,009,374			25,608,842
Financial assets at fair value through profit or loss		61,885,282			66,005,815			61,035,455
Derivative financial assets		17,820,011			3,721,370			5,545,385
Loans measured at amortized cost		456,863,042			417,900,273			377,166,984
Financial investments		112,086,173			104,847,871			98,695,426
Investments in associates and joint ventures		698,542			448,718			771,435
Property and equipment		5,000,282			5,239,898			5,433,554
Investment property		2,691,122			2,514,944			2,533,539
Intangible assets		3,306,310			3,266,357			3,351,133
Net defined benefit assets		78,881			100,083			50,597
Current income tax assets		241,681			98,798			109,772
Deferred income tax assets		693,985			159,093			65,058
Assets held for sale		250,765			237,318			197,727
Assets of a disposal group held for sale		—			171,749			—
Other assets		37,829,136			28,174,173			30,155,037
Total assets		726,941,982			663,895,834			610,719,944
Financial liabilities at fair value through profit or loss		12,262,059			12,088,980			11,810,058
Derivative financial liabilities		19,058,733			3,682,258			5,222,897
Deposits		390,346,134			372,023,918			338,580,220
Borrowings		69,808,758			56,912,374			49,827,156
Debentures		72,363,288			67,430,188			62,760,687
Provisions		885,566			808,604			714,903
Net defined benefit liabilities		414,796			225,521			239,567
Current income tax liabilities		980,260			662,672			764,981
Deferred income tax liabilities		18,195			1,470,981			1,177,799
Insurance contract liabilities		58,996,628			57,165,936			54,415,296
Other liabilities		52,500,219			43,130,482			41,804,023
Total liabilities		677,634,636			615,601,914			567,317,587
Equity attributable to shareholders of the parent company		47,766,060			47,460,582			42,544,574
Share capital		2,090,558			2,090,558			2,090,558
Hybrid securities		4,434,251			2,838,221			1,695,988
Capital surplus		16,940,731			16,940,231			16,723,589
Accumulated other comprehensive income (loss)		(3,177,610	)		1,047,274			630,011
Accumulated other comprehensive income relating to assets of a disposal group held for sale		—			7,671			—
Retained earnings		28,314,318			25,672,815			22,540,616
Treasury shares		(836,188	)		(1,136,188	)		(1,136,188	)
Non-controlling interests		1,541,286			833,338			857,783
Total equity		49,307,346			48,293,920			43,402,357
Total liabilities and equity		726,941,982			663,895,834			610,719,944

3.1.2. Consolidated Statements of Comprehensive Income

				(Unit: in millions of Won, except per share amounts)
	For the nine months ended September 30, 2022			For the nine months ended September 30, 2021			For the year ended December 31, 2021			For the year ended December 31, 2020
Net interest income		9,661,500			8,255,354			11,229,572			9,722,274
Interest income		14,377,071			11,136,688			15,210,878			14,485,747
Interest income from financial instruments at fair value through other comprehensive income and amortized cost		13,793,495			10,698,240			14,620,490			13,826,382
Interest income from financial instruments at fair value through profit or loss		583,576			438,448			590,388			659,365
Interest expense		(4,715,571	)		(2,881,334	)		(3,981,306	)		(4,763,473	)
Net fee and commission income		2,603,743			2,743,926			3,625,583			2,958,939
Fee and commission income		3,916,286			3,991,086			5,323,606			4,527,024
Fee and commission expense		(1,312,543	)		(1,247,160	)		(1,698,023	)		(1,568,085	)
Net insurance income		407,760			462,842			556,711			299,993
Insurance income		13,142,790			12,234,157			16,107,858			14,386,640
Insurance expense		(12,735,030	)		(11,771,315	)		(15,551,147	)		(14,086,647	)
Net gains (losses) on financial assets/liabilities at fair value through profit or loss		(526,154	)		702,841			995,304			1,011,366
Net gains (losses) on financial instruments at fair value through profit or loss before applying overlay approach		(986,843	)		854,789			1,160,981			1,221,610
Gains (losses) on overlay adjustments		460,689			(151,948	)		(165,677	)		(210,244	)
Net other operating expenses		(1,090,658	)		(1,302,887	)		(1,923,567	)		(1,499,930	)
General and administrative expenses		(5,180,139	)		(5,057,497	)		(7,200,853	)		(6,814,812	)
Operating profit before provision for credit losses		5,876,052			5,804,579			7,282,750			5,677,830
Provision for credit losses		(775,124	)		(596,502	)		(1,185,133	)		(1,043,498	)
Net operating income		5,100,928			5,208,077			6,097,617			4,634,332
Net non-operating income (expenses)		312,221			28,345			(16,011	)		145,640
Share of profit (loss) of associates and joint ventures		(14,081	)		93,774			93,526			(43,750	)
Net other non-operating income (expenses)		326,302			(65,429	)		(109,537	)		189,390
Profit before income tax		5,413,149			5,236,422			6,081,606			4,779,972
Income tax expense		(1,377,483	)		(1,438,171	)		(1,697,225	)		(1,264,394	)
Profit for the period		4,035,666			3,798,251			4,384,381			3,515,578
Other comprehensive income (loss) for the period, net of tax		(3,956,391	)		629,454			222,758			472,270

	For the nine months ended September 30, 2022			For the nine months ended September 30, 2021			For the year ended December 31, 2021			For the year ended December 31, 2020
Items that will not be reclassified to profit or loss:		(960,355	)		1,213,616			871,654			817,524
Remeasurements of net defined benefit liabilities		(40,476	)		(4,454	)		(45,510	)		(13,434	)
Share of other comprehensive income (loss) of associates and joint ventures		(4	)		(5	)		51			(1	)
Gains (losses) on equity securities at fair value through other comprehensive income		(940,598	)		1,212,834			903,398			822,140
Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk		20,723			5,241			13,715			8,819
Items that may be reclassified subsequently to profit or loss:		(2,996,036	)		(584,162	)		(648,896	)		(345,254	)
Currency translation differences		706,979			255,366			255,907			(187,283	)
Losses on debt securities at fair value through other comprehensive income		(2,901,146	)		(861,239	)		(924,698	)		(356,572	)
Share of other comprehensive income (expenses) of associates and joint ventures		(393	)		387			498			(6,846	)
Gains (losses) on cash flow hedging instruments		(14,740	)		12,887			20,864			(1,264	)
Gains (losses) on hedging instruments of net investments in foreign operations		(233,337	)		(53,152	)		(57,935	)		64,269
Other comprehensive losses arising from separate account		(219,471	)		(48,630	)		(63,814	)		(9,683	)
Gains (losses) on overlay adjustment		(333,928	)		110,219			120,282			152,125
Total comprehensive income for the period		79,275			4,427,705			4,607,139			3,987,848
Profit attributable to:		4,035,666			3,798,251			4,384,381			3,515,578
Shareholders of the parent company		4,027,935			3,772,415			4,409,543			3,468,448
Non-controlling interests		7,731			25,836			(25,162	)		47,130
Total comprehensive income for the period attributable to:		79,275			4,427,705			4,607,139			3,987,848
Shareholders of the parent company		37,580			4,381,574			4,610,549			3,966,361
Non-controlling interests		41,695			46,131			(3,410	)		21,487
Earnings per share
Basic earnings per share (Won)		10,118			9,550			11,134			8,843
Diluted earnings per share (Won)		9,886			9,346			10,890			8,730

3.2. Separate Financial Information

3.2.1. Separate Statements of Financial Position

							(Unit: in millions of Won)
	As of September 30, 2022			As of December 31, 2021			As of December 31, 2020
Cash and due from financial institutions		1,032,895			608,076			23,084
Financial assets at fair value through profit or loss		1,230,069			440,760			474,262
Loans measured at amortized cost		308,918			249,128			179,542
Investments in subsidiaries		26,741,438			26,741,438			26,519,880
Property and equipment		4,279			4,444			7,730
Intangible assets		17,119			16,673			13,267
Net defined benefit assets		—			221			—
Deferred income tax assets		18,577			5,583			3,189
Other assets		1,289,285			805,056			887,537
Total assets		30,642,580			28,871,379			28,108,491
Borrowings		—			—			100,000
Debentures		5,035,606			5,552,791			6,128,043
Net defined benefit liabilities		1,745			—			59
Current income tax liabilities		870,272			570,519			716,473
Other liabilities		227,350			235,095			178,296
Total liabilities		6,134,973			6,358,405			7,122,871
Share capital		2,090,558			2,090,558			2,090,558
Hybrid securities		4,433,981			2,837,981			1,695,778
Capital surplus		14,754,747			14,754,747			14,754,747
Accumulated other comprehensive loss		(8,685	)		(8,330	)		(8,032	)
Retained earnings		4,073,194			3,974,206			3,588,757
Treasury Shares		(836,188	)		(1,136,188	)		(1,136,188	)
Total equity		24,507,607			22,512,974			20,985,620
Total liabilities and equity		30,642,580			28,871,379			28,108,491

3.2.2. Separate Statements of Comprehensive Income

	(Unit: in millions of Won, except per share amounts)
	For the nine months ended September 30, 2022			For the nine months ended September 30, 2021			For the year ended December 31, 2021			For the year ended December 31, 2020
Net interest expenses		(71,545	)		(85,202	)		(111,077	)		(124,393	)
Interest income		12,406			6,371			9,392			8,044
Interest income from financial instruments at amortized cost		10,414			4,192			6,548			3,788
Interest income from financial instruments at fair value through profit or loss		1,992			2,179			2,844			4,256
Interest expense		(83,951	)		(91,573	)		(120,469	)		(132,437	)
Net fee and commission expense		(5,098	)		(5,715	)		(8,157	)		(8,338	)
Fee and commission income		1,576			694			975			841
Fee and commission expense		(6,674	)		(6,409	)		(9,132	)		(9,179	)
Net gains (losses) on financial assets at fair value through profit or loss		(17,090	)		15,893			20,250			12,663
Net other operating income		1,871,224			1,617,949			1,620,238			1,571,239
General and administrative expenses		(63,074	)		(65,124	)		(85,417	)		(71,854	)
Operating profit before provision for credit losses		1,714,417			1,477,801			1,435,837			1,379,317
Provision for credit losses		(221	)		(3	)		(417	)		(465	)
Operating profit		1,714,206			1,477,798			1,435,420			1,378,852
Net non-operating income		553			1,306			1,165			514
Profit before income tax		1,714,759			1,479,104			1,436,585			1,379,366
Income tax income		12,860			2,352			2,281			49
Profit for the period		1,727,619			1,481,456			1,438,866			1,379,415
Other comprehensive loss for the period, net of tax		(355	)		(86	)		(298	)		(368	)
Items that will not be reclassified to profit or loss:		(355	)		(86	)		(298	)		(368	)
Remeasurements of net defined benefit liabilities		(355	)		(86	)		(298	)		(368	)
Total comprehensive income for the period		1,727,264			1,481,370			1,438,568			1,379,047
Earnings per share
Basic earnings per share (Won)		4,214			3,670			3,509			3,482
Diluted earnings per share (Won)		4,120			3,594			3,436			3,438

3.3. Other Selected Financial Data

3.3.1. Won-denominated Liquidity Ratio

				(Unit: in millions of Won, except percentages)
	As of September 30, 2022			As of December 31, 2021			As of December 31, 2020
Current assets in Won (A)		1,434,742			713,908			112,754
Current liabilities in Won (B)		209,729			317,184			92,328
Liquidity ratio (A/B)		684.09	%		225.08	%		122.12	%

Notes: (1) Based on K-IFRS (on a separate basis).

(2) Calculated based on Won-denominated assets and liabilities due within one month.

3.3.2. Profitability Ratios

					(Unit: %)
	For the nine months ended September 30, 2022		For the year ended December 31, 2021		For the year ended December 31, 2020
Net income as a percentage of average total assets (ROA)		0.78		0.69		0.61
Net income as a percentage of average shareholders’ equity (ROE)		11.36		9.80		8.64

Note: Based on K-IFRS (on a consolidated basis).

3.3.3. 20 Largest Exposures of Kookmin Bank by Borrower (As of September 30, 2022)

	(Unit: in billions of Won)
Company	Credit Extended
LG Display Co., Ltd.		1,905
Samsung Electronics Co., Ltd.		1,307
Hyundai Heavy Industries Co., Ltd.		1,233
KB Kookmin Card Co., Ltd.		1,218
Samsung Heavy Industries Co., Ltd.		1,205
Hyundai Steel Co., Ltd.		1,180
E-MART Inc.		1,164
GS Caltex Corporation		1,126
Hyundai Motor Company		1,018
Strada Holdco L.P.		949
PT BANK KB BUKOPIN TBK		933
SK Inc.		903
FEDERAL RESERVE BANK OF NEW YORK		848
POSCO International Corporation		844
S-Oil Corp.		834
AGRICULTURAL BANK		825
POSCO Holdings Inc.		790
SK On Co., Ltd.		760
Samsung SDI Co., Ltd.		746
Daewoo Shipbuilding & Marine Engineering Co., Ltd.		702
Total		20,490

3.3.4. 10 Largest Exposures of Kookmin Bank by Chaebol Group (As of September 30, 2022)

	(Unit: in billions of Won)
Group	Credit Extended
SK		5,513
Hyundai Motor		5,426
Samsung		4,860
LG		3,502
Hyundai Heavy Industries		3,197
Lotte		2,852
POSCO		2,086
Hanwha		2,023
GS		1,886
SHINSEGAE		1,498
Total		32,843

3.3.5. Kookmin Bank’s Loan Concentration by Industry (As of September 30, 2022)

	(Unit: in billions of Won, except percentages)
Industry	Total Credit		Percentage of Total Credit
Manufacturing		57,262		28.7
Construction		4,154		2.1
Real estate activities		45,061		22.6
Wholesale and retail trade		31,079		15.6
Accommodation and food service activities		10,157		5.1
Financial activities		6,338		3.2
Others		45,292		22.7
Total		199,342		100.0

3.3.6. Top 20 Non-Performing Loans of Kookmin Bank (As of September 30, 2022)

		(Unit: in billions of Won)
Borrower	Industry	Total Credit		Allowance for Loan Losses
Borrower A	Construction		40.1		39.3
Borrower B	Wholesale and retail trade		21.0		18.3
Borrower C	Human health and social work activities		18.7		1.9
Borrower D	Manufacturing		8.9		3.0
Borrower E	Manufacturing		8.8		3.1
Borrower F	Real estate activities		7.6		1.9
Borrower G	Manufacturing		7.0		2.9
Borrower H	Manufacturing		6.9		3.9
Borrower I	Manufacturing		6.4		5.8
Borrower J	Manufacturing		5.8		1.3
Borrower K	Manufacturing		4.9		2.2
Borrower L	Manufacturing		4.9		0.8
Borrower M	Manufacturing		4.8		3.8
Borrower N	Manufacturing		4.7		0.7
Borrower O	Manufacturing		4.7		3.4
Borrower P	Membership organizations, repair and other personal services		4.4		1.0
Borrower Q	Wholesale and retail trade		4.3		0.3
Borrower R	Wholesale and retail trade		3.9		2.1
Borrower S	Manufacturing		3.7		0.9
Borrower T	Manufacturing		3.7		3.5
Total	—		175.0		100.1

3.4. Other Financial Information

See Exhibits 99.1 and 99.2 attached hereto for our consolidated and separate financial statements and relevant notes, which have been prepared in accordance with K-IFRS and reviewed by our independent auditors as stated in their review reports. The review reports will also be available on our website at www.kbfg.com.

4. Independent Public Accountants

4.1. Audit / Review Services

					(Unit: in millions of Won)
Period	Auditor	Activity	Agreed Per Contract(1)				Actual(2)
			Compensation(3)		Estimated Hours		Compensation(3)		Accrued Hours
January 1 to September 30, 2022	KPMG Samjong Accounting Corp.	Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting)		1,291		11,364		1,093		5,948
January 1 to December 31, 2021	KPMG Samjong Accounting Corp.	Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting)		1,261		11,364		1,261		11,451
January 1 to December 31, 2020	KPMG Samjong Accounting Corp.	Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting)		1,246		11,570		1,246		12,624
January 1 to December 31, 2020	KPMG Samjong Accounting Corp.	Expansion of the scope of audit in connection with the acquisition of Prudential Life Insurance		481		4,829		481		4,846

Notes:  (1)   Total compensation and estimated hours are established at the time of the execution of the audit and review services contract.

(2) Actual compensation and hours are accrued from January 1 of each applicable year to the date of the audit or review report issued during such year.

(3) Excluding value-added taxes.

4.2. Public Company Accounting Oversight Board (“PCAOB”) Audit Services

				(Unit: in millions of Won)
Period	Auditor	Activity	Service Period	Compensation(1)
January 1 to September 30, 2022	KPMG Samjong Accounting Corp.	PCAOB audit of consolidated financial statements and internal control over financial reporting	May 1, 2022 to April 30, 2023		697
January 1 to December 31, 2021	KPMG Samjong Accounting Corp.	PCAOB audit of consolidated financial statements and internal control over financial reporting	May 1, 2021 to April 30, 2022		681
January 1 to December 31, 2020	KPMG Samjong Accounting Corp.	PCAOB audit of consolidated financial statements and internal control over financial reporting	May 1, 2020 to April 30, 2021		662

Note: (1) Total compensation (excluding value-added taxes) is established at the time of the execution of the audit and review services contract.

4.3. Change in Auditor

Pursuant to the Act on External Audit of Stock Companies and the related regulations thereunder, the Securities and Futures Commission of the Financial Services Commission designated KPMG Samjong Accounting Corp. as the new external auditor for the Company for the fiscal years ending December 31, 2020, 2021 and 2022. As such, the external auditor for the Company and its subsidiaries for the fiscal year ended December 31, 2021 continued to be KPMG Samjong Accounting Corp. Prudential Life Insurance, which kept Samil PricewaterhouseCoopers as its external auditor for the fiscal year ended December 31, 2020, changed its external auditor for the fiscal year ended December 31, 2021 to KPMG Samjong Accounting Corp.

5. Corporate Governance and Affiliated Companies

5.1. Board of Directors & Committees under the Board

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

5.2. Audit Committee

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

5.3. Compensation to Directors

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

5.4. Top 5 Highest-Paid Individuals

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

5.5. Affiliated Companies

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

6. Directors, Senior Management and Employees

6.1. Executive Directors

As of September 30, 2022, we had one executive director. The name, position and the end of the term of our executive director and the number of shares of our common stock he owned as of September 30, 2022 are set forth below.

Name	Date of Birth		Position		Common Shares Owned		End of Term
Jong Kyoo Yoon		October 1955		Chairman & Chief Executive Officer		21,000		November 20, 2023

6.2. Non-standing Directors

As of September 30, 2022, we had one non-standing director. The name, position and the end of the term of our non-standing director and the number of shares of our common stock he owned as of September 30, 2022 are set forth below.

Name	Date of Birth		Position		Common Shares Owned		End of Term(1)
Jae Keun Lee		May 1966		Non-standing Director		119		March 24, 2024

Note: (1)  The date designated as Mr. Jae Keun Lee’s end of term is the date of the annual general meeting of shareholders for fiscal year 2023, which is expected be held in March 2024.

6.3. Non-executive Directors

As of September 30, 2022, we had seven non-executive directors. The name, position and the end of the term of our non-executive directors and the number of shares of our common stock they respectively owned as of September 30, 2022 were as follows.

Name	Date of Birth	Position	Common Shares Owned		End of Term
Suk Ho Sonu	September 1951	Non-executive Director		1,300	March 24, 2023
Myung Hee Choi	February 1952	Non-executive Director		—	March 24, 2023
Kouwhan Jeong	September 1953	Non-executive Director		—	March 24, 2023
Kyung Ho Kim	December 1954	Non-executive Director		—	March 24, 2023
Seon-joo Kwon	November 1956	Non-executive Director		—	March 24, 2023
Gyutaeg Oh	February 1959	Non-executive Director		—	March 24, 2023
Jaehong Choi	August 1962	Non-executive Director		—	March 24, 2024

As of September 30, 2022, the following non-executive director also served as a director at another company.

Name	Company	Position	Appointment Date
Kouwhan Jeong	Nambujeil Law and Notary Office Inc.	Co-president Attorney at Law	May 2016

6.4. Senior Management

Members of our senior management as of September 30, 2022 are as follows.

Name	Date of Birth	Position	Common Shares Owned(1)		End of Term
Yin Hur	December 1961	Vice Chairman and Head of Retail Customer / Wealth Management & Pension Business / Small & Medium Enterprise Business Units		13,506	December 31, 2022
Dong Cheol Lee	October 1961	Vice Chairman and Head of Global / Insurance Business Units		3,325	December 31, 2022
Jong Hee Yang	June 1961	Vice Chairman and Head of Digital / IT Business Units		914	December 31, 2022
Pil Kyu Im	March 1964	Senior Executive Vice President and Chief Risk Management Officer		1,005	December 31, 2022
Dong Whan Han	January 1965	Senior Executive Vice President and Head of KB Research		1,100	December 31, 2022
Se Min Kim	January 1971	Senior Managing Director and Chief Strategy Officer		122	December 31, 2023
Scott Y.H. Seo	March 1966	Senior Managing Director and Chief Finance Officer		—	December 31, 2022
Yeo Woon Yoon	April 1967	Senior Managing Director and Chief Human Resources Officer		567	December 31, 2022
Jin Gyu Maeng	January 1966	Senior Managing Director and Head of Audit		1,002	December 31, 2022
Hye Sook Moon	September 1971	Managing Director and Head of ESG Division		652	December 31, 2023
Bong Joong Kwon	November 1969	Managing Director and Head of IR		286	December 31, 2022
Byung Joo Oh	January 1973	Managing Director, Insurance Business Unit		817	December 31, 2022
Hye Ja Suh	September 1966	Managing Director and Chief Compliance Officer		1,305	December 31, 2022
Jeong Rim Park	November 1963	Head of the Capital Market Business Unit		3,150	December 31, 2022
Sung Hyun Kim	August 1963	Head of Corporate and Investment Banking Business Unit		15,468	December 31, 2022
Jin Young Kim	August 1969	Chief Public Relation Officer		765	December 31, 2022
Chai Hyun Sung	September 1965	Senior Executive Vice President, Retail Customer Business Unit		8,031	December 31, 2022
Jae Young Choi	June 1967	Senior Managing Director, Wealth Management and Pension Business Unit		916	December 31, 2022
Mun Cheol Jeong	August 1968	Senior Managing Director, Small and Medium Enterprise Business Unit		2,968	December 31, 2022
Nam Hoon Cho	June 1968	Senior Managing Director and Chief Global Strategy Officer		1,000	December 31, 2022
Young Suh Cho	February 1971	Chief Digital Platform Officer		1,000	December 31, 2022

Name	Date of Birth	Position	Common Shares Owned(1)		End of Term
Jin Soo Yoon	February 1964	Chief Information Technology Officer		251	December 31, 2022
Sungpyo Jeon	August 1966	Chief Contact Center Officer		930	December 31, 2022
Jeong Ha	January 1967	Senior Executive Vice President, Capital Market Business Unit		—	December 31, 2022
Sang-Hyeon Woo	February 1964	Senior Executive Vice President, Corporate and Investment Banking Business Unit		348	December 31, 2022
Dong Sook Jeon	September 1968	Head of Pension Division		1,776	December 31, 2022
Nam Che Kang	August 1967	Head of Global Division		361	December 31, 2022
Chang Hwa Yook	December 1967	Head of Data Division		505	December 31, 2022
Chan Yong Park	September 1965	Head of Office of Planning and Coordination		947	December 31, 2022
Yoo Shim Hur	April 1973	Head of Digital Contents Center		—	December 31, 2022
Soon Young Oh	August 1977	Head of Financial AI Center		—	December 31, 2022
Joo Hyun Kim	November 1970	Head of Group Cloud Center		—	December 31, 2022

Note: (1) The number of common shares owned is as of September 30, 2022 and includes those owned in the holder’s name under the employee stock ownership association’s account, and may differ from the number of shares owned as reported pursuant to Article 173 of the Financial Investment Services and Capital Markets Act.

As of September 30, 2022, the following management also served as senior management at our subsidiaries.

Name	Subsidiary	Position	Appointment Date
Jae Keun Lee	Kookmin Bank	Chief Executive Officer	January 2022
Jeong Rim Park	KB Securities	Chief Executive Officer	January 2019
Sung Hyun Kim	KB Securities	Chief Executive Officer	January 2019
Hye Sook Moon	Kookmin Bank	Head of ESG Division	January 2022
Jin Young Kim	Kookmin Bank	Managing Director; Brand Strategy Group	January 2022
Chai Hyun Sung	Kookmin Bank	Senior Executive Vice President; Retail Customer Group	January 2020
Jae Young Choi	Kookmin Bank	Senior Managing Director; Wealth Management Group	January 2022
	KB Securities	Senior Executive Vice President; Wealth Management Division	January 2022
	KB Insurance	Senior Managing Director; WM/Pension Division	January 2022
Mun Cheol Jeong	Kookmin Bank	Senior Managing Director; SME and SOHO Customer Group	January 2022
Nam Hoon Cho	Kookmin Bank	Senior Managing Director; Global Business Group	January 2022
Young Suh Cho	Kookmin Bank	Senior Managing Director; DT Strategy Division	January 2021
Jin Soo Yoon	Kookmin Bank	Senior Executive Vice President; Tech Group	January 2021
Sungpyo Jeon	Kookmin Bank	Senior Managing Director; Smart Customer Group	January 2022

Jeong Ha	Kookmin Bank	Senior Executive Vice President; Capital Markets Group	January 2021
Sang-Hyeon Woo	Kookmin Bank	Senior Executive Vice President; Corporate Investment Banking Customer Group	January 2021
	KB Securities	Senior Executive Vice President; Investment Banking Division	January 2020
Dong Sook Jeon	Kookmin Bank	Head of Pension Business Division	January 2022
Nam Che Kang	Kookmin Bank	Head of Global Growth Supporting Division	January 2022
Chang Hwa Yook	Kookmin Bank	Head of Data Division	January 2022
Chan Yong Park	Kookmin Bank	Senior Managing Director; Planning & Coordination Department	January 2022
Yoo Shim Hur	Kookmin Bank	Managing Director; Digital Contents Center	January 2022
Soon Young Oh	Kookmin Bank	Managing Director; Financial AI Center	June 2022
Joo Hyun Kim	Kookmin Bank	Head of Cloud Platform Department	February 2022
Se Min Kim	KB Securities	Non-standing Director	June 2022
	Prudential Life Insurance	Non-standing Director	August 2022
Scott Y.H. Seo	KB Insurance	Non-standing Director	February 2022
	KB Kookmin Card	Non-standing Director	March 2022

6.5. Employees

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

7. Major Shareholders and Related Party Transactions

7.1. Major Shareholders

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

7.2. Changes in the Largest Shareholder

						(Unit: shares, %)
Name of Largest Shareholder	Date of Change in Largest Shareholder/ Date of Change in Number of Shares Owned		Number of Shares of Common Stock(1)			Percentage of Total Issued Shares(5)
Korean National Pension Service		December 31, 2018		39,704,733			9.50
Korean National Pension Service		December 31, 2019		41,468,003			9.97
Korean National Pension Service		February 1, 2020		41,462,588	(2)		9.97
Korean National Pension Service		October 12, 2020		41,402,150			9.96
Korean National Pension Service		December 31, 2020		41,287,280			9.93
Korean National Pension Service		June 30, 2021		40,626,942			9.77

Korean National Pension Service	December 31, 2021	37,626,516		9.05
Korean National Pension Service	January 27, 2022	37,188,199	(3)	8.94
Korean National Pension Service	March 31, 2022	36,008,504		8.73
Korean National Pension Service	June 30, 2022	33,830,623		8.20
Korean National Pension Service	September 30, 2022	32,594,691		7.97
Korean National Pension Service	October 12, 2022	32,457,827	(4)	7.94

Notes: (1)   Based on our shareholder registry as of the end of each applicable year unless specified otherwise.

(2) Based on disclosure made by the Korean National Pension Service in a statement of acquisition filing on February 7, 2020.

(3) Based on disclosure made by the Korean National Pension Service in a statement of disposal filing on February 4, 2022.

(4) Based on disclosure made by the Korean National Pension Service in a statement of disposal filing on November 2, 2022.

(5) Total number of shares of common stock issued as of the following dates:

Prior to December 12, 2019: 418,111,537

From December 12, 2019 to February 14, 2022: 415,807,920

From February 14, 2022 to August 1, 2022: 412,352,494

After August 1, 2022: 408,897,068

7.3. Employee Stock Ownership Association

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

7.4. Investments in Affiliated Companies

[No longer required to be disclosed in quarterly reports pursuant to revised Korean regulations]

7.5. Related Party Transactions

7.5.1. Purchase of capital securities issued by KB Securities Co., Ltd.

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Securities Co., Ltd.	Subsidiary	No. 1 Private Placement of Capital Securities in Won		200	March 31, 2022		4.300	%	March 31, 2052 (may be extended)	Working capital

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Securities Co., Ltd.	Subsidiary	No. 3 Private Placement of Capital Securities in Won		230	September 30, 2022		5.500	%	September 30, 2052 (may be extended)	Working capital

7.5.2. Purchase of capital securities issued by KB Capital Co., Ltd.

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Capital Co., Ltd.	Subsidiary	No. 299 Private Placement of Capital Securities in Won		50	March 27, 2015		6.548	%(1)	March 27, 2045 (may be extended)	Working capital

Note: (1)   The interest rate has increased from its initial rate due to the non-exercise of the call option.

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Capital Co., Ltd.	Subsidiary	No. 320 Private Placement of Capital Securities in Won		50	September 24, 2015		5.989	%(1)	September 24, 2045 (may be extended)	Working capital

Note: (1)   The interest rate has increased from its initial rate due to the non-exercise of the call option.

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Capital Co., Ltd.	Subsidiary	No. 343 Private Placement of Capital Securities in Won		50	March 29, 2016		6.305	%(1)	March 29, 2046 (may be extended)	Working capital

Note: (1)   The interest rate has increased from its initial rate due to the non-exercise of the call option.

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Capital Co., Ltd.	Subsidiary	No. 352 Private Placement of Capital Securities in Won		50	June 28, 2016		6.466	%(1)	June 28, 2046 (may be extended)	Working capital

Note: (1)   The interest rate has increased from its initial rate due to the non-exercise of the call option.

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Capital Co., Ltd.	Subsidiary	No. 367 Private Placement of Capital Securities in Won		50	November 28, 2016		6.952	%(1)	November 28, 2046 (may be extended)	Working capital

Note: (1)   The interest rate has increased from its initial rate due to the non-exercise of the call option.

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Capital Co., Ltd.	Subsidiary	No. 378 Private Placement of Capital Securities in Won		50	April 27, 2017		7.664	%(1)	April 27, 2047 (may be extended)	Working capital

Note: (1)   The interest rate has increased from its initial rate due to the non-exercise of the call option

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Capital Co., Ltd.	Subsidiary	No. 460 Private Placement of Capital Securities in Won		100	September 25, 2020		3.376	%	September 25, 2050 (may be extended)	Working capital

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Capital Co., Ltd.	Subsidiary	No. 486 Private Placement of Capital Securities in Won		100	February 17, 2022		4.495	%	February 17, 2052 (may be extended)	Working capital

7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.

(Unit: in billions of Won)
Issuer	Relationship	Type	Issue Amount		Issue Date	Interest Rate			Maturity Date	Use of Proceeds
KB Savings Bank Co., Ltd.	Subsidiary	No. 1 Subordinated Bonds in Won		70	June 25, 2021		1.600	%	June 25, 2031	Working capital

7.5.4. Prepayments and Loans to Subsidiaries

(Unit: in billions of Won)
Name	Relationship	Account	Loan Amount	Current Balance	Credit Offering Date	Interest Rate	Maturity Date
KB Investment Co., Ltd.	Subsidiary	Loans(1)	10	10	July 14, 2017	2.571%(2)	July 12, 2023

Notes: (1)   Unsecured credit loans.

(2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022.

(Unit: in billions of Won)
Name	Relationship	Account	Loan Amount	Current Balance	Credit Offering Date	Interest Rate	Maturity Date
KB Investment Co., Ltd.	Subsidiary	Loans(1)	40	40	July 13, 2018	2.571%(2)	July 12, 2023

Notes: (1)   Unsecured credit loans.

(2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022.

(Unit: in billions of Won)
Name	Relationship	Account	Loan Amount	Current Balance	Credit Offering Date	Interest Rate	Maturity Date
KB Investment Co., Ltd.	Subsidiary	Loans(1)	70	70	March 8, 2019	2.334%(2)	March 8, 2023

Notes: (1)   Unsecured credit loans.

(2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022.

(Unit: in billions of Won)
Name	Relationship	Account	Loan Amount	Current Balance	Credit Offering Date	Interest Rate	Maturity Date
KB Investment Co., Ltd.	Subsidiary	Loans(1)	30	30	March 9, 2020	2.334%(2)	March 8, 2023

Notes: (1)   Unsecured credit loans.

(2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022.

(Unit: in billions of Won)
Name	Relationship	Account	Loan Amount	Current Balance	Credit Offering Date	Interest Rate	Maturity Date
KB Investment Co., Ltd.	Subsidiary	Loans(1)	30	30	July 13, 2020	2.571%(2)	July 12, 2023

Notes: (1)   Unsecured credit loans.

(2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022.

(Unit: in billions of Won)
Name	Relationship	Account	Loan Amount	Current Balance	Credit Offering Date	Interest Rate	Maturity Date
KB Investment Co., Ltd.	Subsidiary	Loans(1)	70	70	December 20, 2021	2.247%	December 19, 2022

Note: (1)   Unsecured credit loans.

(Unit: in billions of Won)
Name	Relationship	Account	Loan Amount	Current Balance	Credit Offering Date	Interest Rate	Maturity Date
KB Investment Co., Ltd.	Subsidiary	Loans(1)	60	60	July 13, 2022	2.571%	July 12, 2023

Note: (1)   Unsecured credit loans.

(Unit: in billions of Won)
Name	Relationship	Account	Loan Amount	Current Balance	Credit Offering Date	Interest Rate	Maturity Date
KB Credit Information Co., Ltd.	Subsidiary	Loans(1)	7	7	October 7, 2022	2.401%	October 6, 2023

Note: (1)   Unsecured credit loans.

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: November 14, 2022	By:	/s/ Scott Y. H. Seo
	(Signature)
	Name: Scott Y. H. Seo
	Title:	Senior Managing Director and Chief Finance Officer