6-K 1 d496732d6k.htm FORM 6-K Form 6-K





Washington, D.C. 20549



Form 6-K




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


For the month of July 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  ☐




Resolution for Cancellation of Treasury Shares

On July 25, 2023, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to cancel certain shares of its common stock, which KB Financial Group plans to acquire as treasury shares prior to such cancellation pursuant to the announcement on Form 6-K dated July 25, 2023. The details are as follows:


Type and Number of Shares to be Cancelled    Common Shares    6,295,907 shares
   Other Shares    —  
Total Number of Shares Issued    Common Shares    403,511,072 shares
   Other Shares    —  
Par Value per Share    KRW 5,000
Estimated Amount of Shares to be Cancelled    KRW 300,000,000,000
Scheduled Period of Acquisition of Treasury Shares for Cancellation    From    August 1, 2023
   To    July 31, 2024
Method of Acquisition of Shares to be Cancelled    Purchase on the stock exchange (KRX)
Scheduled Date of Cancellation    To be determined
Brokerage Company Appointed for the Share Acquisition    Samsung Securities Co., Ltd.
Date of Resolution by the Board of Directors    July 25, 2023
Obligation to Report to the Korea Fair Trade Commission    Not applicable
Other Material Information for an Investment Decision   

•  Legal basis for the cancellation of treasury shares: Article 343-1 of the Commercial Code of Korea.


•  The cancellation of these shares constitutes the cancellation of treasury shares acquired pursuant to a resolution of the board of directors within the limits of profits available for dividends, and as such, there will be no reduction in the paid-in capital of KB Financial Group.


•  The above “Type and Number of Shares to be Cancelled” and “Estimated Amount of Shares to be Cancelled” are calculated based on the closing price of the common shares of KB Financial Group as of July 24, 2023 (one day prior to the date of the resolution of the board of directors). The actual number of shares to be cancelled is subject to change depending on fluctuations in share price.


•  KB Financial Group plans to cancel the treasury shares following the completion of the acquisition of the treasury shares. For detailed information regarding the acquisition of the treasury shares, please refer to the Form 6-K titled “Resolution to Enter into a Trust Agreement for Acquisition of Treasury Shares” of KB Financial Group furnished on July 25, 2023.


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.

Date: July 25, 2023      

By: /s/ Scott Y. H. Seo

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