FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2023

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.

2023 First Quarter Preliminary Operating Results

On April 27, 2023, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first quarter of fiscal year 2023. The following tables reflect the key figures released during the conference. The presentation materials for the conference, which contain further details, are available at KB Financial Group’s website (http://www.kbfg.com).

The preliminary figures presented herein are based on International Financial Reporting Standards as adopted by the Republic of Korea (“K-IFRS”) and are currently being reviewed by KB Financial Group’s independent auditors and are subject to change.

Preliminary Operating Results of KB Financial Group (Consolidated)


(Won in millions, %)		1Q 2023		4Q 2022			% Change Increase (Decrease) (Q to Q)		1Q 2022		% Change Increase (Decrease) (Y to Y)
Operating revenue	Specified Quarter		24,594,584		8,287,118			196.78		19,246,118		27.79
Operating revenue	Cumulative		24,594,584		83,484,855			—		19,246,118		27.79
Net operating profit	Specified Quarter		2,125,025		139,494			1,423.38		1,910,409		11.23
Net operating profit	Cumulative		2,125,025		5,246,486			—		1,910,409		11.23
Profit before income tax	Specified Quarter		2,028,864		(15,726	)		*		1,919,685		5.69
Profit before income tax	Cumulative		2,028,864		5,407,055			—		1,919,685		5.69
Profit for the period	Specified Quarter		1,499,214		(145,933	)		*		1,471,534		1.88
Profit for the period	Cumulative		1,499,214		3,900,094			—		1,471,534		1.88
Profit attributable to shareholders of the parent company	Specified Quarter		1,497,631		83,402			1,695.68		1,460,572		2.54
	Cumulative		1,497,631		4,121,685			—		1,460,572		2.54


Notes:	1)	“Operating revenue” represents the sum of interest income, fee and commission income, insurance income, reinsurance income, gain on financial assets/liabilities at fair value through profit or loss, other insurance finance income and other operating income.
	2)	KB Financial Group’s preliminary operating results for the first quarter of 2023 reflect the application of K-IFRS 1117 (Insurance Contracts), a new accounting standard that became effective on January 1, 2023. For comparison purposes, the figures for the first and fourth quarters of 2022 above have been restated retrospectively to reflect the application of K-IFRS 1117.
	3)	* indicates that a profit was recorded in the current period compared to a loss in the previous period.

Preliminary Operating Results of Kookmin Bank (Consolidated)


(Won in millions, %)		1Q 2023		4Q 2022		% Change Increase (Decrease) (Q to Q)		1Q 2022		% Change Increase (Decrease) (Y to Y)
Operating revenue	Specified Quarter		14,919,122		3,750,861		297.75		9,929,905		50.24
Operating revenue	Cumulative		14,919,122		49,436,046		—		9,929,905		50.24
Net operating profit	Specified Quarter		1,268,140		539,767		134.94		1,211,696		(4.66	)
Net operating profit	Cumulative		1,268,140		3,834,989		—		1,211,696		(4.66	)
Profit before income tax	Specified Quarter		1,235,164		495,493		149.28		1,215,441		1.62
Profit before income tax	Cumulative		1,235,164		3,809,790		—		1,215,441		1.62
Profit for the period	Specified Quarter		921,924		207,142		345.07		974,526		(5.40	)
Profit for the period	Cumulative		921,924		2,728,307		—		974,526		(5.40	)
Profit attributable to shareholders of the parent company	Specified Quarter		931,516		445,444		109.12		977,275		(4.68	)
	Cumulative		931,516		2,996,015		—		977,275		(4.68	)


Note:		“Operating revenue” represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit or loss and other operating income.

Preliminary Operating Results of KB Securities Co., Ltd. (“KB Securities”) (Consolidated)


(Won in millions, %)		1Q 2023		4Q 2022			% Change Increase (Decrease) (Q to Q)		1Q 2022		% Change Increase (Decrease) (Y to Y)
Operating revenue	Specified Quarter		4,324,249		322,973			1,238.89		4,529,217		(4.53	)
Operating revenue	Cumulative		4,324,249		14,270,022			—		4,529,217		(4.53	)
Net operating profit (loss)	Specified Quarter		264,199		(104,282	)		*		151,113		74.84
Net operating profit (loss)	Cumulative		264,199		244,995			—		151,113		74.84
Profit (Loss) before income tax	Specified Quarter		188,813		(155,697	)		*		161,967		16.57
Profit (Loss) before income tax	Cumulative		188,813		262,327			—		161,967		16.57
Profit (Loss) for the period	Specified Quarter		141,950		(114,325	)		*		115,910		22.47
Profit (Loss) for the period	Cumulative		141,950		194,828			—		115,910		22.47
Profit (Loss) attributable to shareholders of the parent company	Specified Quarter		141,894		(114,674	)		*		115,715		22.62
	Cumulative		141,894		193,697			—		115,715		22.62


Notes:	1)	Based on KB Securities’ consolidated financial statements, as a result of which the figures differ from KB Securities’ earnings results to be released at KB Financial Group’s 2023 first quarter earnings conference, which are based on KB Financial Group’s consolidated financial statements.
	2)	“Operating revenue” represents operating income based on KB Securities’ financial statements.
	3)	* indicates that a profit was recorded in the current period compared to a loss in the previous period.

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: April 27, 2023						By: /s/ Scott Y. H. Seo
						(Signature)

						Name: Scott Y. H. Seo
						Title: Senior Executive Vice President and Chief Finance Officer