SEC Form 6-K filed by KB Financial Group Inc

Timeline for Corporate Value Enhancement Plan and Disclosure

Established “KB Financial Group’s Mid-to Long-Term Capital Management Plan,” laying the foundations for CET1 ratio-centric capital management and shareholder returns (implementing quarterly cash dividends and share buybacks/cancellations as major means of shareholder returns, starting in 2023).

Held the first discussion on the “2024 Shareholder Return and Sustainable Value-up plan” and decided to implement quarterly-even dividends based on the total amount.

Held the second discussion on the “Sustainable Value-up plan” and decided to preliminarily disclose the Value-up initiatives.

Held the third, fourth, and fifth discussions on the “Sustainable Value-up plan”.

Finalized the “Sustainable Value-up plan” on which a resolution by the Board of Directors was passed.

Summary of “KB Financial Group’s Sustainable Value-up Plan”

- Target: 10% or above (Double digit)

- Aim to enhance profitability by improving Return on Risk-Weighted Assets (RoRWA) to boost intrinsic corporate value.

- Target: 13% or above

- Manage RWA growth rate by taking capital efficiency and profitability into consideration.

- Aim to maintain a mid-13% range throughout the year.

- Shareholder Return Phase 1: Aim to utilize the capital equivalent to an amount exceeding 13% of the previous year-end CET1 ratio as resources for shareholder returns in the following year through quarterly-even cash dividends(on a total annual amount basis) and share buybacks and cancellations.

- Shareholder Return Phase 2: Based on the profits accumulated throughout the year, aim to utilize the capital equivalent to an amount exceeding 13.5% of the second half CET1 ratio as resources for additional shareholder returns through share buybacks and cancellations.

3. Decision

 Date

- Publication Date of Related Materials: October 24, 2024

- It is expected that the CEO of KB Financial Group will present on the “KB Financial Group’s Sustainable Value-up Plan” through the 2024 Third Quarter Earnings Conference.

- Please refer to KB Financial Group’s website (https://www.kbfg.com) for the English version of the Plan.

- KB Financial Group’s Sustainable Value-up Plan contains forward-looking statements within the meaning of U.S. securities laws and these statements are based on current plans, estimates, projections, goals and targets. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, such as those relating to the regulatory environment, KB Financial Group’s capital ratio forecasts and strategic objectives, including inorganic growth initiatives, which may cause KB Financial Group’s actual results or performance to be materially different from any future results or performance expressed or implied by such forward-looking statements. KB Financial Group does not make any representation or warranty as to the accuracy or completeness of the information contained herein or in KB Financial Group’s Sustainable Value-up Plan. Should there be any material changes, a subsequent disclosure to that effect will be made.

KB Financial Group Inc.

Date: October 24, 2024

By: /s/ Jae Kwan Kim