KB Financial Group

KB Financial Group, a financial holding company based in Seoul, South Korea, oversees subsidiaries providing banking, insurance, securities, asset management, and consumer finance services. The group reported US$17.2 billion in revenue in 2022, operating through 12 subsidiaries including KB Kookmin Bank, KB Insurance, and KB Securities. It offers integrated financial solutions, serving a broad customer base and maintaining the largest branch network in the country. Under Chairman & CEO Yoon Jong-kyoo, the group expanded its portfolio, notably acquiring LIG Insurance in 2015. KB Financial Group was established as a holding company on September 29, 2008, following the restructuring of Kookmin Bank, originally founded by the Korean government in 1963. Its business model centers on operates as a holding company by holding shares in subsidiaries that generate revenue through banking, non-banking financial services like insurance and brokerage.