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 2025
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 Acquisition of Treasury Shares
On April 24, 2025, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to acquire treasury shares within the profits available for dividends. The details are as follows:
| Type and Number of Shares to be Acquired | Common Shares | 3,529,411 shares | ||
| Other Shares | - | |||
| Estimated Amount of Shares to be Acquired | KRW 300,000,000,000 | |||
| Scheduled Acquisition Period | From | April 25, 2025 | ||
| To | July 24, 2025 | |||
| Purpose of Acquisition | Cancellation of Shares | |||
| Method of Acquisition | Purchase on the stock exchange (KRX) | |||
| Entrusted Brokerage Company | KB Securities Co., Ltd. | |||
| Number of Treasury Shares owned as of
|
26,329,053 shares (6.69%) | |||
| Date of Resolution by the Board of Directors |
April 24, 2025 ●Number of non-executive directors in attendance: 7 (out of 7) | |||
| Buying Order Limit per Day | 352,941 common shares | |||
| Other Material Information for an Investment Decision |
- The “Estimated Amount of Shares to be Acquired” above is the acquisition amount determined through a resolution of the board of directors.
- The “Type and Number of Shares to be Acquired” above is calculated based on the closing price of common shares of KB Financial Group on the Korea Exchange (KRX) as of April 23, 2025 (one day prior to the date of the resolution of the board of directors), which was KRW 85,000. The actual number and amount of shares to be acquired are subject to change depending on fluctuations in share price.
- The “Buying Order Limit per Day” above is calculated as below pursuant to Article 5-5 of the Regulation on Securities Issuance and Disclosures:
① 10 % of the number of treasury shares to be acquired reported by this announcement: 352,941 shares.
② 25% of the daily average trading volume for the last one-month period up to one day prior to the resolution of the board of directors: 288,812 shares.
③ 1% of the total number of shares issued and outstanding: 3,935,284 common shares. |
|
Limitation on the acquisition amount of treasury shares as of April 24, 2025: |
(Unit: in millions of Won)
| Items | Amount | |||
| 1. Upper limit of profits available for dividends as of the end of the previous fiscal year in accordance with the Korean Commercial Code |
|
2,786,844 |
| |
| 2. Amount of treasury shares acquired since the end of the previous fiscal year |
520,000 | |||
| 3. Dividends and related earnings surplus reserves resolved at the annual general shareholders’ meeting held after the end of the previous fiscal year |
298,285 | |||
| 4. Quarterly/interim dividends and related earnings surplus reserves resolved at the meeting of the board of directors after the end of the previous fiscal year |
334,886 | |||
| 5. Contract amount for the trust agreement |
— | |||
| 6. Acquisition cost of the treasury shares if disposed after the end of the previous fiscal year (based on the moving average method applied to the acquisition cost) |
— | |||
| Limitation on the acquisition amount of treasury shares (1-2-3-4-5+6) | 1,633,673 | |||
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 24, 2025 | By: | /s/ Sang Rok Na | ||||
| (Signature) | ||||||
| Name: Sang Rok Na | ||||||
| Title: Managing Director and Chief Financial Officer | ||||||