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 July 2024
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 ☐
Termination of Trust Agreement for Acquisition of Treasury Shares
KB Financial Group Inc. (“KB Financial Group”) announced on July 31, 2024 that the trust agreement it had entered into on August 1, 2023 (the “Trust Agreement”) to acquire treasury shares has been terminated.
| Total Contract Amount (KRW) | Before Termination | 300,000,000,000 | ||||
| After Termination | 0 | |||||
| Contract Period (Before Termination) | Effective Date | August 1, 2023 | ||||
| Termination Date | July 31, 2024 | |||||
| Reason for Termination | Expiration of the term of the Trust Agreement | |||||
| Counterparty | Samsung Securities Co., Ltd. | |||||
| Expected Date of Termination | July 31, 2024 | |||||
| Method of Return of Trust Properties upon Termination | Return of cash and treasury shares | |||||
| Number of Treasury Shares Held Prior to Termination | Acquisitions from Profits Available for Dividend | Common Shares (percentage) | 24,245,382 shares (6.01%) | |||
| Other Shares | — | |||||
| Other Acquisitions | Common Shares (percentage) | — | ||||
| Other Shares | — | |||||
| Date of Resolution by the Board of Directors | — | |||||
| Other Matters to Consider Before Making an Investment Decision |
• Pursuant to Article 176-2 of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of Korea, no separate resolution of the board of directors is required as the trust agreement is being terminated upon the expiration of the term of the Trust Agreement.
• The number of treasury shares acquired upon termination of the Trust Agreement is 5,584,514, which will be kept in KB Financial Group’s corporate account.
• The total number of treasury shares held by KB Financial Group prior to the termination of the Trust Agreement (as of July 31, 2024) is 24,245,382. | |||||
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: July 31, 2024 | By: /s/ Jae Kwan Kim | |||||
| (Signature) | ||||||
| Name: Jae Kwan Kim | ||||||
| Title: Senior Executive Vice President and Chief Finance Officer | ||||||