# EDGAR Filing Document

**Accession Number:** 0001445930
**File Stem:** 0001193125-23-071864
**Filing Date:** 2023-3
**Character Count:** 140950
**Document Hash:** 66dd386c2b052ca5f0eee720ebcbfc1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-071864.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0001193125-23-071864

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230316

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KB Financial Group Inc.
- **CENTRAL INDEX KEY:** 0001445930
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** M5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-53445
- **FILM NUMBER:** 23737031

**BUSINESS ADDRESS:**
- **STREET 1:** 141, UISADANG-DAERO
- **STREET 2:** YEONGDEUNGPO-GU
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 07332
- **BUSINESS PHONE:** 822-2073-2845

**MAIL ADDRESS:**
- **STREET 1:** 141, UISADANG-DAERO
- **STREET 2:** YEONGDEUNGPO-GU
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 07332

##### [**Table of Contents**](#toc)

------

**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 <u>March 2023</u>** 

**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 ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

**Note**: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

**Note**: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

------

##### [**Table of Contents**](#toc)
**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
| **1.** | **[Introduction to the Company](#tx485337_1)** |
| 1.1. | [Business Purpose](#tx485337_2) |
| 1.2. | [History](#tx485337_3) |
| 1.3. | [Overview of the Business Group](#tx485337_4) |
| 1.4. | [Capital Structure](#tx485337_5) |
| 1.5. | [Dividends](#tx485337_6) |
| 1.6. | [Amendments to the Articles of Incorporation](#tx485337_7) |
| **2.** | **[Business](#tx485337_8)** |
| 2.1. | [Results of Operations](#tx485337_9) |
| 2.2. | [Sources and Uses of Funds](#tx485337_10) |
| 2.3. | [Other Information to Consider in Making an Investment Decision](#tx485337_11) |
| **3.** | **[Financial Information](#tx485337_12)** |
| 3.1. | [Consolidated Financial Information](#tx485337_13) |
| 3.2. | [Separate Financial Information](#tx485337_14) |
| 3.3. | [Other Selected Financial Data](#tx485337_15) |
| 3.4. | [Other Financial Information](#tx485337_16) |
| **4.** | **[Independent Public Accountants](#tx485337_17)** |
| 4.1. | [Audit/Review Services](#tx485337_18) |
| 4.2. | [Public Company Accounting Oversight Board ("PCAOB") Audit Services](#tx485337_19) |
| 4.3. | [Change in Auditor](#tx485337_20) |
| **5.** | **[Corporate Governance and Affiliated Companies](#tx485337_21)** |
| 5.1. | [Board of Directors & Committees under the Board](#tx485337_22) |
| 5.2. | [Audit Committee](#tx485337_23) |
| 5.3. | [Compensation to Directors](#tx485337_24) |
| 5.4. | [Top 5 Highest-Paid Individuals](#tx485337_25) |
| 5.5. | [Affiliated Companies](#tx485337_26) |
| **6.** | **[Directors, Senior Management and Employees](#tx485337_27)** |
| 6.1. | [Executive Directors](#tx485337_28) |
| 6.2. | [Non-standing Directors](#tx485337_29) |
| 6.3. | [Non-executive Directors](#tx485337_30) |
| 6.4. | [Senior Management](#tx485337_31) |
| 6.5. | [Employees](#tx485337_32) |
| **7.** | **[Major Shareholders and Related Party Transactions](#tx485337_33)** |
| 7.1. | [Major Shareholders](#tx485337_34) |
| 7.2. | [Changes in the Largest Shareholder](#tx485337_35) |
| 7.3. | [Employee Stock Ownership Association](#tx485337_36) |
| 7.4. | [Investments in Affiliated Companies](#tx485337_37) |
| 7.5. | [Related Party Transactions](#tx485337_38) |

---

------

##### [**Table of Contents**](#toc)
**Summary of Business Report for Fiscal Year 2022** 

On March 16, 2023, KB Financial Group Inc. ("KB Financial Group" or the "Group") filed its business report for the fiscal year ended December 31, 2022 (the "Business Report") with the Financial Services Commission of Korea and the Korea Exchange. This is a summary of the Business Report translated into English.

Except where indicated otherwise, financial information contained in this summary have been prepared in accordance with the Korean equivalent of International Financial Reporting Standards ("K-IFRS"), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to "KB Financial Group," "we," "us" or the "Company" are to KB Financial Group and, unless the context requires otherwise, its subsidiaries. In addition, all references to "Won" or "KRW" in this document are to the currency of the Republic of Korea.

------

##### [**Table of Contents**](#toc)
**1.** **Introduction to the Company** 

**1.1.** **Business Purpose** 

KB Financial Group is a financial holding company that was established in September 2008. Its main business purpose is to hold shares in companies that are engaged in financial or related services, as well as govern and manage such companies. Its consolidated subsidiaries are primarily engaged in the banking business, as well as the credit card business, the financial investment business, the insurance business and other related businesses.

**1.2.** **History** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• September 26, 2008

Obtained final approval from the Financial Services Commission to establish a financial holding company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• September 29, 2008

Establishment of the Company through a comprehensive stock transfer and listing on the New York Stock Exchange

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• October 10, 2008

Listing on the Korea Exchange

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• October 20, 2008

The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• October 31, 2008

The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• May 4, 2009

Added Kookmin Bank Cambodia PLC. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• June 22, 2009

Added KB Life Insurance Co., Ltd. ("KB Life Insurance"), formerly a second-tier subsidiary, as a first-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• July 1, 2009

Changed the name of KB Venture Capital Co., Ltd. to KB Investment Co., Ltd. ("KB Investment")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• January 22, 2010

The largest shareholder of the Company changed from the Korean National Pension Service to ING Bank N.V.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• March 2, 2011

Added KB Kookmin Card Co., Ltd. ("KB Kookmin Card") as a first-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• March 14, 2011

KB Futures Co., Ltd. was merged into KB Investment & Securities Co., Ltd. ("KB Investment & Securities")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• July 8, 2011

The largest shareholder of the Company changed from ING Bank N.V. to the Korean National Pension Service

------

##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• January 13, 2012

Added KB Savings Bank Co., Ltd. ("KB Savings Bank") as a first-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• May 11, 2012

Added KoFC POSCO HANWHA KB Shared Growth No. 2. Private Equity Fund as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• July 2, 2012

Added KoFC Value-up Private Equity Fund as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• October 10, 2012

Added Kookmin Bank (China) Ltd. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• June 20, 2013

Acquired the remaining shares of KB Life Insurance, which increased the Company's shareholding to 100%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• September 2, 2013

Added Yehansoul Savings Bank as a first-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• January 13, 2014

Yehansoul Savings Bank was merged into KB Savings Bank

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• March 20, 2014

Added KB Capital Co., Ltd. ("KB Capital") as a first-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• June 24, 2015

Added KB Insurance Co., Ltd. ("KB Insurance") as a non-consolidated first-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• November 23, 2015

Acquired additional shares of KB Insurance, which increased the Company's shareholding from 19.47% to 33.29%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• May 31, 2016

Added Hyundai Securities Co., Ltd. ("Hyundai Securities") as a non-consolidated first-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• June 21, 2016

Disposed of LIG Investment & Securities, Co., Ltd., a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• June 28, 2016

Acquired treasury shares of Hyundai Securities, which increased the Company's equity ownership in Hyundai Securities from 22.56% to 29.62%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 1, 2016

Added KB Golden Life Care Co., Ltd. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 29, 2016

Established KB Private Equity Fund III as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 30, 2016

Purchased new shares of KB Insurance in a rights offering, which increased the Company's shareholding in KB Insurance from 33.29% to 39.81%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 30, 2016

Merged KB Investment & Securities with and into Hyundai Securities, with Hyundai Securities as the surviving entity, then changed its name to KB Securities Co., Ltd. ("KB Securities")

------

##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• February 8, 2017

Added KB KOLAO LEASING Co., Ltd. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• March 8, 2017

Added KB Microfinance Myanmar Co., Ltd. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• May 19, 2017

Acquired additional shares of KB Insurance in a tender offer, which increased the Company's shareholding in KB Insurance from 39.81% to 94.30%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• May 19, 2017

Acquired additional shares of KB Capital in a tender offer, which increased the Company's shareholding in KB Capital from 52.02% to 79.70%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• July 7, 2017

Converted KB Insurance and KB Capital into wholly-owned subsidiaries of the Company through comprehensive stock swaps

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• September 29, 2017

Added KB Asset Management Singapore Pte. Ltd. as a second-tier subsidiary (changed from a second-tier subsidiary of KB Securities to a first-tier subsidiary of KB Asset Management Co., Ltd.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• October 9, 2017

Added KB SECURITIES VIETNAM JOINT STOCK COMPANY (formerly MARITIME SECURITIES INCORPORATION) as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• October 16, 2017

Disposed of Hyundai Savings Bank, Co., Ltd., a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 22, 2017

Disposed of Hyundai Asset Management, Co., Ltd., a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• January 17, 2018

Added KB-TS Technology Venture Private Equity Fund as a second-tier subsidiary (equity interests of 16%, 30% and 10% held by KB Securities, Kookmin Bank and KB Capital, respectively)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• July 6, 2018

Added KB Daehan Specialized Bank PLC. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• August 21, 2018

Added KBAM Shanghai Advisory Services Co., Ltd. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 31, 2018

Added KB-Stonebridge Secondary Private Equity Fund as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• January 9, 2019

Added KB-SPROTT Renewable Private Equity Fund I as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• September 17, 2019

Added KB-SP Private Equity Fund IV as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• February 28, 2020

Added KB-NAU Special Situation Corporate Restructuring Private Equity Fund as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 10, 2020

Added PRASAC Microfinance Institution PLC. as a second-tier subsidiary

------

##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• May 18, 2020

Added PT Sunindo Kookmin Best Finance as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• July 3, 2020

Added PT KB Finansia Multi Finance as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• August 31, 2020

Added Prudential Life Insurance Company of Korea, Ltd. ("Prudential Life Insurance") as a first-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• September 2, 2020

Added PT Bank Bukopin Tbk as a second-tier subsidiary (renamed PT Bank KB Bukopin, Tbk. on February 8, 2021)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• October 28, 2020

Added KB Material and Parts Private Equity Fund I as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 4, 2020

Added FineKB Private Equity Fund I as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 16, 2020

Added KB FINA JOINT STOCK COMPANY as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 23, 2020

Added KB Bank Myanmar Co., Ltd. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• January 15, 2021

Added KB Bio Private Equity Fund III as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• January 29, 2021

Added J Fintech Co., Ltd as a second-tier subsidiary (renamed KB J Capital Co., Ltd. on February 16, 2021)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• March 2, 2021

Added PT KB Data Systems Indonesia as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• September 23, 2021

Added KB Bio Global Expansion Private Equity Fund I as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• October 8, 2021

Added KB Healthcare Co., Ltd. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 24, 2021

Added KB Co-investment Private Equity Fund I as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• February 14, 2022

Added PT KB Valbury Sekuritas as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 22, 2022

Added KB-Badgers Future Mobility ESG Private Equity Fund I as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• May 10, 2022

Added KB Life Partners Co., Ltd. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• August 19, 2022

Added KB Mezzanine Capital Private Equity Fund IV as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 26, 2022

Added i-Finance Leasing Plc. as a second-tier subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• December 26, 2022

Renamed Prudential Life Insurance Company of Korea, Ltd. to KB Life Insurance Co., Ltd.

------

##### [**Table of Contents**](#toc)
**1.3.** **Overview of the Business Group** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | (As of December 31, 2022) | (As of December 31, 2022) |
| Type | Name of Company | Controlling Company | Remarks |
|  Holding Company | KB Financial Group |  | Listed |
|  1st Tier Subsidiaries | Kookmin Bank | KB Financial Group | Not listed |
|  | KB Securities Co., Ltd. | KB Financial Group | Not listed |
|  | KB Insurance Co., Ltd. | KB Financial Group | Not listed |
|  | KB Kookmin Card Co., Ltd. | KB Financial Group | Not listed |
|  | KB Life Insurance Co., Ltd.<br> (Formerly, Prudential Life Insurance Company of Korea, Ltd.) <sup>(1)</sup> | KB Financial Group | Not listed |
|  | KB Asset Management Co., Ltd. | KB Financial Group | Not listed |
|  | KB Capital Co., Ltd. | KB Financial Group | Not listed |
|  | KB Life Insurance Co., Ltd. | KB Financial Group | Not listed |
|  | KB Real Estate Trust Co., Ltd. | KB Financial Group | Not listed |
|  | KB Savings Bank Co., Ltd. | KB Financial Group | Not listed |
|  | KB Investment Co., Ltd. | KB Financial Group | Not listed |
|  | KB Data Systems Co., Ltd. | KB Financial Group | Not listed |
|  | KB Credit Information Co., Ltd. | KB Financial Group | Not listed |
|  2nd Tier Subsidiaries | Kookmin Bank Cambodia PLC. | Kookmin Bank | Not listed<br> (Overseas) |
|  | Kookmin Bank (China) Ltd. | Kookmin Bank | Not listed<br> (Overseas) |
|  | KB Microfinance Myanmar Co., Ltd. | Kookmin Bank | Not listed<br> (Overseas) |
|  | KB Bank Myanmar Co., Ltd. | Kookmin Bank | Not listed<br> (Overseas) |
|  | PRASAC Microfinance Institution PLC. | Kookmin Bank | Not listed<br> (Overseas) |
|  | PT Bank KB Bukopin Tbk.<sup>(2)</sup> | Kookmin Bank | Listed<br> (Overseas) |
|  | KBFG Securities America Inc. | KB Securities | Not listed<br> (Overseas) |
|  | KB Securities Hong Kong Ltd. | KB Securities | Not listed<br> (Overseas) |
|  | Keystone-Hyundai Securities No. 1 Private Equity Fund<sup>(3)</sup> | KB Securities | Not listed |
|  | KB SECURITIES VIETNAM JOINT STOCK COMPANY | KB Securities | Not listed<br> (Overseas) |
|  | KB-TS Technology Venture Private Equity Fund | KB Securities | Not listed |
|  | KB-Stonebridge Secondary Private Equity Fund | KB Securities | Not listed |
|  | KB-SPROTT Renewable Private Equity Fund I | KB Securities | Not listed |
|  | KB-SP Private Equity Fund IV | KB Securities | Not listed |
|  | KB-NAU Special Situation Corporate Restructuring Private Equity Fund | KB Securities | Not listed |
|  | KB Material and Parts Private Equity Fund I | KB Securities | Not listed |
|  | KB FINA JOINT STOCK COMPANY | KB Securities | Not listed<br> (Overseas) |

---

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##### [**Table of Contents**](#toc)

---

| | | | |
|:---|:---|:---|:---|
|  | PT KB Valbury Sekuritas | KB Securities | Not listed<br> (Overseas) |
|  | KB Claims Survey & Adjusting Co., Ltd. | KB Insurance | Not listed |
|  | KB Sonbo CNS | KB Insurance | Not listed |
|  | Leading Insurance Services, Inc. | KB Insurance | Not listed<br> (Overseas) |
|  | KBFG Insurance (China) Co., Ltd.<sup>(4)</sup> | KB Insurance | Not listed<br> (Overseas) |
|  | PT. KB Insurance Indonesia | KB Insurance | Not listed<br> (Overseas) |
|  | KB Golden Life Care Co., Ltd. | KB Insurance | Not listed |
|  | KB Healthcare Co., Ltd. | KB Insurance | Not listed |
|  | KB Daehan Specialized Bank PLC. | KB Kookmin Card | Not listed<br> (Overseas) |
|  | PT KB Finansia Multi Finance | KB Kookmin Card | Not listed<br> (Overseas) |
|  | KB J Capital Co., Ltd<sup>(5)</sup> | KB Kookmin Card | Not listed<br> (Overseas) |
|  | i-Finance Leasing Plc. | KB Kookmin Card | Not listed<br> (Overseas) |
|  | KB Life Partners Co., Ltd. | Prudential Life Insurance Company of Korea | Not listed |
|  | KB Asset Management Singapore Pte. Ltd. | KB Asset Management | Not listed<br> (Overseas) |
|  | KBAM Shanghai Advisory Services Co., Ltd. | KB Asset Management | Not listed<br> (Overseas) |
|  | KB Co-investment Private Equity Fund I | KB Asset Management | Not listed |
|  | KB Mezzanine Capital Private Equity Fund IV | KB Asset Management | Not listed |
|  | KB KOLAO LEASING Co., Ltd. | KB Capital | Not listed<br> (Overseas) |
|  | PT Sunindo Kookmin Best Finance | KB Capital | Not listed<br> (Overseas) |
|  | KoFC Value-up Private Equity Fund | KB Investment | Not listed |
|  | FineKB Private Equity Fund I | KB Investment | Not listed |
|  | KB Bio Global Expansion Private Equity Fund I | KB Investment | Not listed |
|  | KB-Badgers Future Mobility ESG Private Equity Fund I | KB Investment | Not listed |
|  | PT KB Data Systems Indonesia | KB Data Systems | Not listed<br> (Overseas) |
|  3rd Tier Subsidiaries | PT Bukopin Finance | PT Bank KB Bukopin Tbk. | Not listed<br> (Overseas) |
|  | PT Bank Syariah Bukopin | PT Bank KB Bukopin Tbk. | Not listed<br> (Overseas) |
|  | PT KB Valbury Capital Management | PT KB Valbury Sekuritas | Not listed<br> (Overseas) |
|  | Mangrove Master Fund | KB Asset Management Singapore Pte. Ltd. | Not listed<br> (Overseas) |
|  | Mangrove Feeder Fund | KB Asset Management Singapore Pte. Ltd. | Not listed<br> (Overseas) |

---

Notes: (1) Renamed to KB Life Insurance Co., Ltd. from Prudential Life Insurance Company of Korea, Ltd. on December 26, 2022.

(2) Renamed to PT Bank KB Bukopin, Tbk. from PT Bank Bukopin, Tbk. on February 8, 2021.

(3) Currently undergoing liquidation.

(4) Renamed to KBFG Insurance (China) Co., Ltd. from LIG Insurance (China) Co., Ltd. on April 9, 2021.

(5) Renamed to KB J Capital Co., Ltd from J Fintech Co., Ltd on February 16, 2021.

------

##### [**Table of Contents**](#toc)
**1.4.** **Capital Structure** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***1.4.1.***  ***Common Shares*** 

**Changes in Capital** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (As of December 31, 2022) | (As of December 31, 2022) |  |  |  | (Unit: Won, shares) |
| Date | Type | Number of Shares<br>Issued or Cancelled | Par Value | Price | Remarks |
|  September 29, 2008 | Common Stock | 356351693 | 5000 | 48444 | Establishment of the Company |
|  September 2, 2009 | Common Stock | 30000000 | 5000 | 37250 | % increase in number of common shares: 8.41865% |
|  October 19, 2016 | Common Stock | 31759844 | 5000 | 35474 | % increase in number of common shares: 8.22045% |
|  December 12, 2019 | Common Stock | 2303617 | 5000 |  | Share Cancellation<sup>(1)</sup> |
|  February 14, 2022 | Common Stock | 3455426 | 5000 |  | Share Cancellation<sup>(1)</sup> |
|  August 1, 2022 | Common Stock | 3455426 | 5000 |  | Share Cancellation<sup>(1)</sup> |

---

Note: (1) The cancelled shares constituted treasury shares acquired pursuant to a resolution of the board of directors of the Company within the limits of profit available for dividend payment, and as such, there was no change in paid-in capital.

**Number of Shares** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| (As of December 31, 2022) |  |  |  | (Unit: shares) |
|  | Type | Type | Type | Type |
|  | Common Shares | Preferred Shares | Total | Remarks |
|  Shares Authorized for Issuance | 1000000000 |  | 1000000000 | As specified in<br>the Articles of<br>Incorporation |
|  Total Shares Issued (A) | 418111537 |  | 418111537 |  |
|  Decrease in Number of Shares (B) | 9214469 |  | 9214469 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1. Capital Reduction |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2. Cancellation | 9214469 |  | 9214469 | Treasury Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;3. Redemption |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4. Other |  |  |  |  |
|  Shares Issued as of December 31, 2022 (C=A-B) | 408897068 |  | 408897068 |  |
|  Treasury Shares (D) | 19262733 |  | 19262733 |  |
|  Shares Outstanding (C-D) | 389634335 |  | 389634335 |  |

---

---

| | |
|:---|:---|
| Notes: (1) | The treasury shares above include five million treasury shares that the exchangeable bonds issued by the Company on June 30, 2020 can be exchanged for. Such treasury shares are currently deposited with Korea Securities Depositary and will be disposed upon the exercise of the exchange option of the exchangeable bonds. For more information, please refer to the Company's report on Form 6-K furnished to the Securities and Exchange Commission on June 18, 2020.  |

---

(2) On February 7, 2023, the board of directors of the Company resolved to acquire and cancel certain of the
Company's treasury shares and accordingly, the Company has been acquiring its treasury shares since February 8, 2023. For more information, please refer to the Company's report on Form 6-K furnished to the Securities and Exchange Commission on February 7, 2023.

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##### [**Table of Contents**](#toc)
***1.4.2. Voting Rights***

---

| | | | |
|:---|:---|:---|:---|
| (As of December 31, 2022) |  |  | (Unit: shares) |
| Items |  | Number of Shares | Notes |
|  Total number of issued shares | Common shares | 408897068 |  |
|  | Preferred shares |  |  |
|  Shares without voting rights | Common shares | 19262733 | Treasury shares |
|  | Preferred shares |  |  |
|  Shares for which voting rights cannot be exercised pursuant to the Articles of Incorporation |  |  |  |
|  Shares for which voting rights are restricted under relevant laws and regulations |  |  |  |
|  Shares with restored voting rights |  |  |  |
|  Total shares for which voting rights may be exercised | Common shares | 389634335 |  |
|  | Preferred shares |  |  |

---

---

| | |
|:---|:---|
| Notes: (1) | The treasury shares above include five million treasury shares that the exchangeable bonds issued by the Company on June 30, 2020 can be exchanged for. Such treasury shares are currently deposited with the Korea Securities Depositary and will be disposed upon the exercise of the exchange option of the exchangeable bonds.  |

---

(2) On February 7, 2023, the board of directors of the Company resolved to acquire and cancel certain of the
Company's treasury shares and accordingly, the Company has been acquiring its treasury shares since February 8, 2023. For more information, please refer to the Company's report on Form 6-K furnished to the Securities and Exchange Commission on February 7, 2023.

**1.5.** **Dividends** 

KB Financial Group aims to manage its CET1 target ratio at a minimum of around 13% (the regulatory requirement of 10.5% plus a management buffer of 250 bps), in order to meet the regulatory requirement of 10.5% even in the face of severe economic shocks and other macroeconomic variables, including fluctuations in exchange rates and interest rates.

In order to manage such CET1 target ratio, the Group plans to benchmark systemic growth indicators, such as nominal GDP growth rates, to set its mid-term goals for asset growth. However, the Group may modify such goals to better fulfill the Group's public role and to attain sustainable growth in light of changes to the macroeconomic and regulatory environment, the importance and role of the financial industry, including banks, in the domestic economy, the Group's public duty to maintain the stability of the social system, or the Group's business objectives such as investments in new businesses or M&A initiatives.

Generally, the Group's policy is to utilize the excess capital exceeding its target CET1 ratio of 13% to actively return value to its shareholders. Although the level of shareholder returns may vary depending on changes in the regulatory environment, volatility in the financial market, and the Group's business objectives, the Group will strive to maximize its shareholder returns and shareholders' value in every situation.

As a leading financial institution in Korea, KB Financial Group will strive to perform its public duties as a bank in times of need, such as stabilizing the financial system and supporting the soft landing of the economy during economic fluctuations. The Group will take into consideration the interests of various stakeholders, including shareholders, employees, consumers, and local communities, to achieve sustainable growth while also enhancing shareholder value.

Based on its solid fundamentals and the highest level of capital in the industry, the Group achieved a shareholder return rate of approximately 30%, including through share buybacks and cancellations. The Group plans to actively continue such progressive shareholder return policy.

KB Financial Group also plans to provide a stable payout to the shareholders, taking into consideration the global best practices for dividend stability by maintaining at least the previous year's level of cash dividends while gradually expanding the dividend per share and engaging in share buybacks and cancellations. However, such plans may be modified depending on economic conditions, regulatory environment, or the Group's business objectives.

------

##### [**Table of Contents**](#toc)

---

| | | | | |
|:---|:---|:---|:---|:---|
| (Unit: in millions of Won, except per share amounts and percentages) | (Unit: in millions of Won, except per share amounts and percentages) | (Unit: in millions of Won, except per share amounts and percentages) | (Unit: in millions of Won, except per share amounts and percentages) | (Unit: in millions of Won, except per share amounts and percentages) |
| Items |  | January 1, 2022 to<br>December 31, 2022<sup>(1)(2)</sup> | January 1, 2021 to<br>December 31, 2021<sup>(3)</sup> | January 1, 2020 to<br>December 31, 2020<sup>(4)</sup> |
|  Par value per share (Won) | Par value per share (Won) | 5000 | 5000 | 5000 |
| (Consolidated) Net income | (Consolidated) Net income | 4394828 | 4409543 | 3455151 |
| (Consolidated) Earnings per share (Won) | (Consolidated) Earnings per share (Won) | 10955 | 11134 | 8809 |
|  Total cash dividends | Total cash dividends | 1149421 | 1145525 | 689653 |
|  Total stock dividends | Total stock dividends |  |  |  |
| (Consolidated) Cash dividend payout ratio (%) | (Consolidated) Cash dividend payout ratio (%) | 26.0 | 26.0 | 20.0 |
|  Cash dividend yield (%) | Common shares | 5.8 | 5.2 | 3.9 |
|  Stock dividend yield (%) | Common shares |  |  |  |
|  Stock dividend yield (%) |  |  |  |  |
|  Cash dividend per share (Won) | Common shares | 2950 | 2940 | 1770 |
|  Cash dividend per share (Won) |  |  |  |  |
|  Stock dividend per share | Common shares |  |  |  |
|  Stock dividend per share |  |  |  |  |

---

---

| | | |
|:---|:---|:---|
| Notes:  | (1) | The dividends for this period are based on amounts prior to their approval at the annual general meeting of shareholders. If such proposal is rejected or modified, then KB Financial Group will disclose such matter through a separate amendment filing.  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes a quarterly dividend amount of Won 194,817 million (Won 500 per common share) in the first
quarter of fiscal year 2022, a quarterly dividend amount of Won 194,817 million (Won 500 per common share) in the second quarter of fiscal year 2022, and a quarterly dividend amount of Won 194,817 million (Won 500 per common share) in the
third quarter of fiscal year 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Includes a quarterly dividend amount of Won 292,226 million (Won 750 per common share) in the second
quarter of fiscal year 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The consolidated net income for fiscal year 2020 has been restated retrospectively as Won
3,468,448 million (consolidated earnings per share of Won 8,843, consolidated cash dividend payout ratio of 19.9%) to reflect the accounting policy changes in connection with the IFRIC decision regarding K-IFRS No. 1019.

**1.6.** **Amendments to the Articles of Incorporation** 

The Company's Articles of Incorporation were most recently amended on March 20, 2020, and additional amendments to the Articles of Incorporation have been adopted as an agenda item for the Group's annual general meeting of shareholders for fiscal year 2022.

---

| | | | |
|:---|:---|:---|:---|
| Date | Shareholder meeting through which the<br>amendments were approved and ratified | Major changes | Notes |
| March 20, 2020 | Annual General Meeting of Shareholders for Fiscal Year 2019 | Establishment of the ESG Committee within the board of directors through the amendment of article 48 | Establishment of the basis for creating a new committee within the board of directors |
| March 27, 2019 | Annual General Meeting of Shareholders for Fiscal Year 2018 | Establishment of the basis for electronic registration of shares and bonds, and modification of the processing activities of transfer agents through the amendment of articles 9, 16, 17, 19 and 22 | Amendment to articles pursuant to the Act on Electronic Registration of Stocks, Bonds, Etc. (Effective as of September 2019) |
| March 23, 2018 | Annual General Meeting of Shareholders for Fiscal Year 2017 | Partition of the corporate governance committee according to its different functions, and implementation of changes in the appointment process of the external auditor and the shareholder meeting through which such changes must be reported, through the amendment of articles 48, 52, 55 and 56 | Establishment of the basis for creating and abolishing committees within the board of directors and;<br>amendment to articles pursuant to the Act on the External Audit of Stock Companies, Etc. (Effective as of November 2018) |

---

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##### [**Table of Contents**](#toc)
**2.** **Business** 

**2.1.** **Results of Operations** 

---

| | | | |
|:---|:---|:---|:---|
| | | (Unit: in millions of Won) | (Unit: in millions of Won) |
|  | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2020 |
|  Net interest income | 13112934 | 11229572 | 9722274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 20788518 | 15210878 | 14485747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (7675584) | (3981306) | (4763473) |
|  Net fee and commission income | 3321632 | 3625583 | 2958939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and commission income | 5121520 | 5323606 | 4527024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and commission expense | (1799888) | (1698023) | (1568085) |
|  Net insurance income | 696513 | 556711 | 299993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance income | 17136842 | 16107858 | 14386640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance expense | (16440329) | (15551147) | (14086647) |
|  Net gains on financial assets/liabilities at fair value through profit or loss | 247357 | 995304 | 1011366 |
|  Net other operating expenses | (2365791) | (1923567) | (1499930) |
|  General and administrative expenses | (7537802) | (7200853) | (6814812) |
|  Operating profit before provision for credit losses | 7474843 | 7282750 | 5677830 |
|  Provision for credit losses | (1835988) | (1185133) | (1043498) |
|  Net operating profit | 5638855 | 6097617 | 4634332 |

---

Note: Based on K-IFRS (on a consolidated basis).

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##### [**Table of Contents**](#toc)
**2.2.** **Sources and Uses of Funds** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.2.1. Sources of Funds***

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) |
|  |  | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2020 | For the year ended<br>December 31, 2020 | For the year ended<br>December 31, 2020 |
|  |  | Average<br>Balance | Interest Rate<br>(%) | Ratio<br>(%) | Average<br>Balance | Interest Rate<br>(%) | Ratio<br>(%) | Average<br>Balance | Interest Rate<br>(%) | Ratio<br>(%) |
|  Won Currency | Deposits | 332273123 | 1.29 | 48.12 | 309428469 | 0.74 | 49.09 | 286168968 | 1.07 | 50.88 |
|  Won Currency | Certificate of deposit | 5511055 | 2.35 | 0.80 | 3618303 | 0.87 | 0.57 | 3635870 | 1.37 | 0.65 |
|  Won Currency | Borrowings | 30772021 | 1.93 | 4.46 | 24900706 | 0.96 | 3.95 | 17330480 | 1.20 | 3.08 |
|  Won Currency | Call money | 1314525 | 2.02 | 0.19 | 1324902 | 0.65 | 0.21 | 1617841 | 0.65 | 0.29 |
|  Won Currency | Debentures | 58205423 | 2.39 | 8.42 | 57214310 | 1.82 | 9.08 | 52843837 | 2.02 | 9.39 |
|  Won Currency | Others | 16713703 | 2.32 | 2.42 | 20305205 | 0.84 | 3.22 | 19792619 | 1.01 | 3.52 |
|  Subtotal |  | 444789850 | 1.53 | 64.41 | 416791895 | 0.91 | 66.12 | 381389615 | 1.21 | 67.81 |
|  Foreign Currency | Deposits | 33777453 | 2.11 | 4.89 | 26607162 | 1.70 | 4.22 | 20488109 | 1.46 | 3.64 |
|  Foreign Currency | Borrowings | 21781969 | 2.00 | 3.15 | 12976574 | 1.16 | 2.06 | 12071802 | 1.81 | 2.15 |
|  Foreign Currency | Call money | 1231805 | 2.39 | 0.18 | 995957 | 0.75 | 0.16 | 976153 | 0.97 | 0.17 |
|  Foreign Currency | Debentures | 11927898 | 2.10 | 1.73 | 8544738 | 1.49 | 1.36 | 6535922 | 1.84 | 1.16 |
|  Foreign Currency | Others | 1685164 | 1.46 | 0.25 | 2029862 | 0.82 | 0.32 | 1126379 | 1.12 | 0.20 |
|  Subtotal | Subtotal | 70404289 | 2.06 | 10.20 | 51154293 | 1.47 | 8.12 | 41198365 | 1.60 | 7.32 |
|  Others | Total shareholders' equity | 49790578 |  | 7.21 | 46705724 |  | 7.41 | 41495072 |  | 7.38 |
|  Others | Allowances | 1168437 |  | 0.17 | 1040835 |  | 0.17 | 912721 |  | 0.16 |
|  Others | Others | 124370079 |  | 18.01 | 114646087 |  | 18.18 | 97476975 |  | 17.33 |
|  Subtotal | Subtotal | 175329094 |  | 25.39 | 162392646 |  | 25.76 | 139884768 |  | 24.87 |
|  Total | Total | 690523233 |  | 100.00 | 630338834 |  | 100.00 | 562472748 |  | 100.00 |

---

Note: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on K-IFRS (on a consolidated basis).

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##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.2.2. Uses of Funds***

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | | | | | | | (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) |
|  |  | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2020 | For the year ended<br>December 31, 2020 | For the year ended<br>December 31, 2020 |
|  |  | Average<br>Balance | Interest Rate<br>(%) | Ratio<br>(%) | Average<br>Balance | Interest Rate<br>(%) | Ratio<br>(%) | Average<br>Balance | Interest Rate<br>(%) | Ratio<br>(%) |
|  Won Currency | Due from banks | 15161691 | 0.62 | 2.20 | 15212672 | 0.30 | 2.41 | 7400343 | 0.67 | 1.32 |
|  Won Currency | Securities | 154746323 | 1.34 | 22.41 | 147320309 | 1.31 | 23.37 | 125573646 | 1.97 | 22.33 |
|  Won Currency | Loans | 364028235 | 3.53 | 52.72 | 340131319 | 2.80 | 53.96 | 315871106 | 2.98 | 56.16 |
|  Won Currency | Guarantee payments under payment guarantee | 6891 | 0.19 |  | 5053 | 1.31 |  | 13421 | 0.73 |  |
|  Won Currency | Call loan | 694196 | 2.02 | 0.10 | 695721 | 0.67 | 0.11 | 885951 | 0.73 | 0.16 |
|  Won Currency | Private placement corporate bonds | 771978 | 3.66 | 0.11 | 882497 | 3.02 | 0.14 | 1264212 | 3.98 | 0.22 |
|  Won Currency | Credit cards | 22045937 | 6.95 | 3.19 | 19862308 | 7.09 | 3.15 | 18560207 | 7.57 | 3.30 |
|  Won Currency | Others | 4282891 | 9.83 | 0.62 | 4193384 | 6.53 | 0.67 | 4614823 | 5.04 | 0.82 |
|  Won Currency | Allowance | (2812993) |  | (0.41) | (2480441) |  | (0.39) | (2416823) |  | (0.43) |
|  Subtotal |  | 558925149 | 3.04 | 80.94 | 525822822 | 2.51 | 83.42 | 471766886 | 2.89 | 83.88 |
|  Foreign Currency | Due from banks | 9072338 | 0.77 | 1.31 | 6868969 | 0.38 | 1.09 | 6989553 | 0.64 | 1.24 |
|  Foreign Currency | Securities | 19782697 | 1.98 | 2.86 | 16052962 | 3.90 | 2.55 | 15131521 | 3.87 | 2.69 |
|  Foreign Currency | Loans | 35976536 | 5.51 | 5.21 | 26409776 | 5.05 | 4.19 | 19818889 | 4.30 | 3.52 |
|  Foreign Currency | Call loan | 8511372 | 2.20 | 1.23 | 3275072 | 0.45 | 0.52 | 3149433 | 0.82 | 0.56 |
|  Foreign Currency | Bills bought | 2541838 | 2.32 | 0.37 | 1940984 | 0.73 | 0.31 | 1573725 | 1.48 | 0.28 |
|  Foreign Currency | Allowance | (1019173) |  | (0.15) | (978088) |  | (0.16) | (404041) |  | (0.07) |
|  Foreign Currency | Others | 2198775 |  | 0.33 | 2229707 |  | 0.35 | 1294119 |  | 0.22 |
|  Subtotal | Subtotal | 77064383 | 3.52 | 11.16 | 55799382 | 3.63 | 8.85 | 47553199 | 3.24 | 8.44 |
|  Others | Cash | 1831093 |  | 0.27 | 1917967 |  | 0.30 | 1889892 |  | 0.34 |
|  Others | Fixed assets held for business | 8095010 |  | 1.17 | 8130268 |  | 1.29 | 8048120 |  | 1.43 |
|  Others | Others | 44607598 |  | 6.46 | 38668395 |  | 6.14 | 33214651 |  | 5.91 |
|  Subtotal | Subtotal | 54533701 |  | 7.90 | 48716630 |  | 7.73 | 43152663 |  | 7.68 |
|  Total | Total | 690523233 |  | 100.00 | 630338834 |  | 100.00 | 562472748 |  | 100.00 |

---

Note: Based on K-IFRS (on a consolidated basis).

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##### [**Table of Contents**](#toc)
**2.3. Other Information to Consider in Making an Investment Decision** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.3.1. Capital Adequacy***

---

| | | | |
|:---|:---|:---|:---|
| **KB Financial Group** | **KB Financial Group** | (Unit: in billions of Won, except percentages) | (Unit: in billions of Won, except percentages) |
|  | As of December 31, 2022 | As of December 31, 2021 | As of December 31, 2020 |
|  Total capital (A) | 48970 | 45883 | 40080 |
|  Risk-weighted assets (B) | 302968 | 290914 | 262349 |
|  BIS ratio (A/B) | 16.16% | 15.77% | 15.28% |

---

Note: (1) Calculated in accordance with Basel III.

(2) The figures as of December 31, 2022 are preliminary.

---

| | | | |
|:---|:---|:---|:---|
| **Kookmin Bank<sup>(1)</sup>** | **Kookmin Bank<sup>(1)</sup>** | (Unit: in billions of Won, except percentages) | (Unit: in billions of Won, except percentages) |
|  | As of December 31, 2022<sup>(2)</sup> | As of December 31, 2021 | As of December 31, 2020 |
|  Total capital (A) | 36233 | 35572 | 32555 |
|  Risk-weighted assets (B) | 207558 | 203569 | 183148 |
|  BIS ratio (A/B) | 17.46% | 17.47% | 17.78% |

---

Note: Calculated in accordance with Basel III.

---

| | | | |
|:---|:---|:---|:---|
| **KB Securities Co., Ltd.** |  | (Unit: in billions of Won, except percentages) | (Unit: in billions of Won, except percentages) |
|  | As of December 31, 2022 | As of December 31, 2021 | As of December 31, 2020 |
|  Net operating capital (A) | 4554 | 3982 | 3656 |
|  Total amount at risk (B) | 2655 | 2072 | 1678 |
|  Maintenance equity margin (C) | 134 | 134 | 134 |
|  Net capital ratio (A-B)/(C) | 1,414.74% | 1,422.3% | 1,474.1% |
|  Capital surplus (A-B) | 1899 | 1909 | 1979 |

---

---

| | | | |
|:---|:---|:---|:---|
| **KB Insurance Co., Ltd.** | **KB Insurance Co., Ltd.** | (Unit: in billions of Won, except percentages) | (Unit: in billions of Won, except percentages) |
|  | As of December 31, 2022<sup>(1)</sup> | As of December 31, 2021 | As of December 31, 2020 |
|  Available capital (A) | 4608 | 4349 | 3812 |
|  Required capital (B) | 2684 | 2424 | 2181 |
|  RBC ratio (A/B) | 171.7% | 179.4% | 174.8% |

---

Note: The figures as of December 31, 2022 are preliminary.

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##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.3.2. Overseas Credit Ratings***

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | |  | (As of December 31, 2022) |
| Rating Company | Moody's | Moody's | S&P | S&P |
| Type | Long-term | Short-term | Long-term | Short-term |
| Credit Rating | A1 | P-1 | A | A-1 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.3.3. Domestic Credit Ratings***

---

| | | | |
|:---|:---|:---|:---|
| Date of Rating | Type | Credit Rating | Rating Company<br> (Rating Range) |
| 1/15/2020 | Debentures | AAA | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 2/12/2020 | Contingent Convertible Bonds | AA | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 3/24/2020 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 5/12/2020 | Debentures | AAA | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 6/12/2020 | Debentures | AAA | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 6/26/2020 | Commercial Paper | A1 | Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) /<br> NICE Investors Service (A1 ~ D) |
| 7/1/2020 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 8/6/2020 | Debentures | AAA | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 10/6/2020 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 11/19/2020 | Debentures | AAA | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 1/12/2021 | Debentures | AAA | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 2/3/2021 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 2/19/2021 | Debentures | AAA | KIS Ratings (AAA ~ D) |
| 2/22/2021 | Debentures | AAA | Korea Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 5/14/2021 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 6/25/2021 | Commercial Paper | A1 | Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) /<br> NICE Investors Service (A1 ~ D) |
| 9/24/2021 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 1/27/2022 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) |
| 1/28/2022 | Contingent Convertible Bonds | AA- | NICE Investors Service (AAA ~ D) |
| 4/29/2022 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 6/2/2022 | Debentures | AAA | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |
| 6/20/2022 | Commercial Paper | A1 | Korea Ratings (A1 ~ D) / KIS Ratings (A1 ~ D) /<br> NICE Investors Service (A1 ~ D) |
| 8/16/2022 | Contingent Convertible Bonds | AA- | Korea Ratings (AAA ~ D) / KIS Ratings (AAA ~ D) /<br> NICE Investors Service (AAA ~ D) |

---

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##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.3.4. Early Retirement Program***

To enhance productivity by improving its labor structure, Kookmin Bank implemented a voluntary early retirement program following negotiations with its labor union.

---

| | | |
|:---|:---|:---|
| Subsidiary | Date of Retirement | Number of Retired Persons |
|  | January 28, 2019 | 615 |
|  | January 20, 2020 | 462 |
| Kookmin Bank | January 30, 2021 | 800 |
|  | January 21, 2022 | 674 |
|  | January 18, 2023 | 713 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.3.5. Other Factors Affecting the Group's Financial Condition and Results of Operations***

The economic outlook for Korea and its financial services sector in 2023 and for the foreseeable future remains highly uncertain as a result of, among others, (i) volatile conditions in the Korean and global economies and financial markets resulting from fluctuations in oil and commodity prices, interest and exchange rate fluctuations, higher inflation and unemployment rates, lower consumer confidence, stock market and real estate market volatility and changes in fiscal and monetary policies, (ii) adverse conditions in the Korean and global economies and financial markets resulting from Russia's invasion of Ukraine and its effects on global commodity prices, and (iii) the continuing risk of further outbreaks of COVID-19 variants and its effects on retail consumption levels.

------

##### [**Table of Contents**](#toc)
**3.** **Financial Information** 

**3.1.** **Consolidated Financial Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.1.1. Consolidated Statements of Financial Position***

---

| | | | |
|:---|:---|:---|:---|
| (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) |
|  | As of December 31, 2022 | As of December 31, 2021 | As of December 31, 2020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and due from financial institutions | 32063421 | 31009374 | 25608842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at fair value through profit or loss | 64935344 | 66005815 | 61035455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative financial assets | 9446134 | 3721370 | 5545385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans measured at amortized cost | 436530502 | 417900273 | 377166984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial investments | 116588575 | 104847871 | 98695426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in associates and joint ventures | 682670 | 448718 | 771435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property and equipment | 4991467 | 5239898 | 5433554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment property | 3148340 | 2514944 | 2533539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 3200399 | 3266357 | 3351133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit assets | 478934 | 100083 | 50597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current income tax assets | 204690 | 98798 | 109772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income tax assets | 251085 | 159093 | 65058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets held for sale | 211758 | 237318 | 197727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets of a disposal group held for sale |  | 171749 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 28437529 | 28174173 | 30155037 |
|  **Total assets** | **701170848** | **663895834** | **610719944** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities at fair value through profit or loss | 12271604 | 12088980 | 11810058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative financial liabilities | 9506709 | 3682258 | 5222897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | 388888452 | 372023918 | 338580220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 71717366 | 56912374 | 49827156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures | 68698203 | 67430188 | 62760687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 968819 | 808604 | 714903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit liabilities | 85745 | 225521 | 239567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current income tax liabilities | 997675 | 662672 | 764981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income tax liabilities | 22693 | 1470981 | 1177799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance contract liabilities | 58230303 | 57165936 | 54415296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 40140365 | 43130482 | 41804023 |
|  **Total liabilities** | **651527934** | **615601914** | **567317587** |

---

------

##### [**Table of Contents**](#toc)

---

| | | | |
|:---|:---|:---|:---|
|  | As of December 31, 2022 | As of December 31, 2021 | As of December 31, 2020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity attributable to shareholders of the parent company | 48362812 | 47460582 | 42544574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share capital | 2090558 | 2090558 | 2090558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities | 4434251 | 2838221 | 1695988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital surplus | 16940731 | 16940231 | 16723589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive income (loss) | (2713053) | 1047274 | 630011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive income relating to<br> assets of a disposal group held for sale |  | 7671 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 28466513 | 25672815 | 22540616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury shares | (836188) | (1136188) | (1136188) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | 1280102 | 833338 | 857783 |
|  **Total equity** | **49642914** | **48293920** | **43402357** |
|  **Total liabilities and equity** | **701170848** | **663895834** | **610719944** |

---

---

| | |
|:---|:---|
| Notes: (1) | The consolidated financial information for the year ended December 31, 2020 has been restated retrospectively to reflect the accounting policy changes in connection with the IFRIC decision regarding K-IFRS No. 1019, and the related information is included in the consolidated financial statements available on the Company's website and in the Company's report on Form 6-K furnished to the Securities and Exchange Commission on March 17, 2022.  |

---

(2) The consolidated financial information for the year ended December 31, 2022 is expected to be approved at
the annual general meeting of shareholders. If such proposal is rejected or modified, then KB Financial Group will disclose such matter through a separate amendment filing.

------

##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.1.2. Consolidated Statements of Comprehensive Income***

---

| | | | |
|:---|:---|:---|:---|
| (Unit: in millions of Won, except per share amounts) | (Unit: in millions of Won, except per share amounts) | (Unit: in millions of Won, except per share amounts) | (Unit: in millions of Won, except per share amounts) |
|  | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2020 |
|  Net interest income | 13112934 | 11229572 | 9722274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 20788518 | 15210878 | 14485747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from financial instruments at fair value through other comprehensive income and amortized cost | 19912128 | 14620490 | 13826382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from financial instruments at fair value through profit or loss | 876390 | 590388 | 659365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (7675584) | (3981306) | (4763473) |
|  Net fee and commission income | 3321632 | 3625583 | 2958939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and commission income | 5121520 | 5323606 | 4527024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and commission expense | (1799888) | (1698023) | (1568085) |
|  Net insurance income | 696513 | 556711 | 299993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance income | 17136842 | 16107858 | 14386640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance expense | (16440329) | (15551147) | (14086647) |
|  Net gains on financial assets/liabilities at fair value through profit or loss | 247357 | 995304 | 1011366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gains (losses) on financial instruments at fair value through profit or loss before applying overlay approach | (359158) | 1160981 | 1221610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (losses) on overlay adjustments | 606515 | (165677) | (210244) |
|  Net other operating expenses | (2365791) | (1923567) | (1499930) |
|  General and administrative expenses | (7537802) | (7200853) | (6814812) |
|  Operating profit before provision for credit losses | 7474843 | 7282750 | 5677830 |
|  Provision for credit losses | (1835988) | (1185133) | (1043498) |
|  Net operating income | 5638855 | 6097617 | 4634332 |
|  Net non-operating income (expenses) | 156771 | (16011) | 145640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of profit (loss) of associates and joint ventures | (28758) | 93526 | (43750) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net other non-operating income (expenses) | 185529 | (109537) | 189390 |
|  Profit before income tax | 5795626 | 6081606 | 4779972 |
|  Income tax expense | (1622387) | (1697225) | (1264394) |
|  Profit for the year | 4173239 | 4384381 | 3515578 |
|  Other comprehensive income (loss) for the year, net of tax | (3511437) | 222758 | 472270 |
|  Items that will not be reclassified to profit or loss: | (652979) | 871654 | 817524 |

---

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##### [**Table of Contents**](#toc)

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of net defined benefit liabilities | 239702 | (45510) | (13434) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of other comprehensive income (loss) of associates and joint ventures | 183 | 51 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (losses) on equity securities at fair value through other comprehensive income | (931731) | 903398 | 822140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk | 38867 | 13715 | 8819 |
|  Items that may be reclassified subsequently to profit or loss: | (2858458) | (648896) | (345254) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency translation differences | 164530 | 255907 | (187283) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Losses on debt securities at fair value through other comprehensive income | (2375084) | (924698) | (356572) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of other comprehensive income (expense) of associates and joint ventures | (545) | 498 | (6846) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (losses) on cash flow hedging instruments | 31474 | 20864 | (1264) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (losses) on hedging instruments of net investments in foreign operations | (79085) | (57935) | 64269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive losses arising from separate account | (159619) | (63814) | (9683) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains (losses) on overlay adjustment | (440129) | 120282 | 152125 |
|  Total comprehensive income for the year | 661802 | 4607139 | 3987848 |
|  Profit attributable to: | 4173239 | 4384381 | 3515578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders of the parent company | 4394830 | 4409543 | 3468448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | (221591) | (25162) | 47130 |
|  Total comprehensive income for the year attributable to: | 661802 | 4607139 | 3987848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders of the parent company | 869854 | 4610549 | 3966361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | (208052) | (3410) | 21487 |
|  Earnings per share |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic earnings per share (Won) | 10955 | 11134 | 8843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings per share (Won) | 10705 | 10890 | 8730 |

---

---

| | |
|:---|:---|
| Notes: (1) | The consolidated financial information for the year ended December 31, 2020 has been restated retrospectively to reflect the accounting policy changes in connection with the IFRIC decision regarding K-IFRS No. 1019, and the related information is included in the consolidated financial statements available on the Company's website and in the Company's report on Form 6-K furnished to the Securities and Exchange Commission on March 17, 2022.  |

---

(2) The consolidated financial information for the year ended December 31, 2022 is expected to be approved at
the annual general meeting of shareholders. If such proposal is rejected or modified, then KB Financial Group will disclose such matter through a separate amendment filing.

------

##### [**Table of Contents**](#toc)
**3.2.** **Separate Financial Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.2.1. Separate Statements of Financial Position***

---

| | | | |
|:---|:---|:---|:---|
| (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) |
|  | As of December 31, 2022 | As of December 31, 2021 | As of December 31, 2020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and due from financial institutions | 351056 | 608076 | 23084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at fair value<br> through profit or loss | 1522314 | 440760 | 474262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans measured at amortized cost | 522326 | 249128 | 179542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in subsidiaries | 26741438 | 26741438 | 26519880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property and equipment | 3552 | 4444 | 7730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 16752 | 16673 | 13267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit assets | 4288 | 221 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income tax assets | 19904 | 5583 | 3189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 1272197 | 805056 | 887537 |
|  **Total assets** | 30453827 | 28871379 | 28108491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  |  | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures | 4956949 | 5552791 | 6128043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit liabilities |  |  | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current income tax liabilities | 926573 | 570519 | 716473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 338489 | 235095 | 178296 |
|  **Total liabilities** | 6222011 | 6358405 | 7122871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share capital | 2090558 | 2090558 | 2090558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities | 4433981 | 2837981 | 1695778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital surplus | 14754747 | 14754747 | 14754747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulated other<br> comprehensive loss | (5847) | (8330) | (8032) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 3794565 | 3974206 | 3588757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury Shares | (836188) | (1136188) | (1136188) |
|  **Total equity** | 24231816 | 22512974 | 20985620 |
|  **Total liabilities and equity** | 30453827 | 28871379 | 28108491 |

---

Note: The separate financial information for the year ended December 31, 2022 is expected to be approved at the annual general meeting of shareholders. If such proposal is rejected or modified, then KB Financial Group will disclose such matter through a separate amendment filing.

------

##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.2.2. Separate Statements of Comprehensive Income***

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Unit: in millions of Won, except per share amounts) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Unit: in millions of Won, except per share amounts) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Unit: in millions of Won, except per share amounts) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Unit: in millions of Won, except per share amounts) |
|  | For the year ended<br>December 31, 2022 | For the year ended<br>December 31, 2021 | For the year ended<br>December 31, 2020 |
|  Net interest expense | (92951) | (111077) | (124393) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 19402 | 9392 | 8044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from financial instruments at amortized cost | 16525 | 6548 | 3788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from financial instruments at fair value through profit or loss | 2877 | 2844 | 4256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (112353) | (120469) | (132437) |
|  Net fee and commission expense | (8686) | (8157) | (8338) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and commission income | 3399 | 975 | 841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee and commission expense | (12085) | (9132) | (9179) |
|  Net gains (losses) on financial assets at fair value through profit or loss | (11794) | 20250 | 12663 |
|  Net other operating income | 1871224 | 1620238 | 1571239 |
|  General and administrative expenses | (89149) | (85417) | (71854) |
|  Operating profit before provision for credit losses | 1668644 | 1435837 | 1379317 |
|  Provision for credit losses | (303) | (417) | (465) |
|  Operating profit | 1668341 | 1435420 | 1378852 |
|  Net non-operating income | 908 | 1165 | 514 |
|  Profit before income tax | 1669249 | 1436585 | 1379366 |
|  Income tax income | 15263 | 2281 | 49 |
|  Profit for the year | 1684512 | 1438866 | 1379415 |
|  Other comprehensive income (loss) for the year, net of tax | 2483 | (298) | (368) |
|  Items that will not be reclassified to profit or loss: | 2483 | (298) | (368) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of net defined benefit liabilities | 2483 | (298) | (368) |
|  Total comprehensive income for the year | 1686995 | 1438568 | 1379047 |
|  Earnings per share |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic earnings per share (Won) | 3999 | 3509 | 3482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings per share (Won) | 3912 | 3436 | 3438 |

---

Note: The separate financial information for the year ended December 31, 2022 is expected to be approved at the annual general meeting of shareholders. If such proposal is rejected or modified, then KB Financial Group will disclose such matter through a separate amendment filing.

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##### [**Table of Contents**](#toc)
**3.3.** **Other Selected Financial Data** 

&nbsp;&nbsp;&nbsp;&nbsp;***3.3.1. Won-denominated Liquidity Ratio***

---

| | | | |
|:---|:---|:---|:---|
|  | (Unit: in millions of Won, except percentages) | (Unit: in millions of Won, except percentages) | (Unit: in millions of Won, except percentages) |
|  | As of December 31, 2022 | As of December 31, 2021 | As of December 31, 2020 |
|  Current assets in Won (A) | 959935 | 713908 | 112754 |
|  Current liabilities in Won (B) | 592727 | 317184 | 92328 |
|  Liquidity ratio (A/B) | 161.95% | 225.08% | 122.12% |

---

Notes: (1) Based on K-IFRS (on a separate basis).

(2) Calculated based on Won-denominated assets and liabilities due within
one month.

&nbsp;&nbsp;&nbsp;&nbsp;***3.3.2. Profitability Ratios***

---

| | | | |
|:---|:---|:---|:---|
|  |<br>For the year ended<br>December 31, 2022 | <br>For the year ended<br>December 31, 2021 | (Unit: %)<br>For the year ended<br>December 31, 2020 |
|  Net income as a percentage of average total assets (ROA) | 0.60 | 0.69 | 0.61 |
|  Net income as a percentage of average shareholders' equity (ROE) | 9.24 | 9.80 | 8.64 |

---

Note: Based on K-IFRS (on a consolidated basis).

&nbsp;&nbsp;&nbsp;&nbsp;***3.3.3. 20 Largest Exposures of Kookmin Bank by Borrower (As of December 31, 2022)***

---

| | |
|:---|:---|
|  | (Unit: in billions of Won) |
| **Company** | **Credit Extended** |
|  LG Display Co., Ltd. | 1755 |
|  Samsung Heavy Industries Co., Ltd. | 1312 |
|  KB Kookmin Card Co., Ltd. | 1230 |
|  Samsung Electronics Co., Ltd. | 1116 |
|  E-MART Inc. | 1089 |
|  Hyundai Heavy Industries Co., Ltd. | 1014 |
|  Strada Holdco L.P. | 962 |
|  Hyundai Steel Co., Ltd. | 919 |
|  SK Inc | 892 |
|  PT BANK KB BUKOPIN TBK | 824 |
|  GS Caltex Corporation | 814 |
|  POSCO International Corporation | 813 |
|  Samsung SDI Co., Ltd. | 730 |
|  SK on Co., Ltd. | 725 |
|  CJ CheilJedang Corporation | 698 |
|  SK hynix Inc. | 678 |
|  Shinhan Card Co., Ltd. | 676 |
|  LOTTE SHOPPING CO., LTD. | 669 |
|  LG CHEM, LTD. | 665 |
|  Hyundai Motor Company | 652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18232 |

---

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##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;***3.3.4. 10 Largest Exposures of Kookmin Bank by Chaebol Group (As of December 31, 2022)***

---

| | |
|:---|:---|
|  | (Unit: in billions of Won) |
| **Group** | **Credit Extended** |
|  SK | 5719 |
|  Samsung | 4655 |
|  Hyundai Motor | 4588 |
|  LG | 3553 |
|  Lotte | 3104 |
|  Hyundai Heavy Industries | 2972 |
|  Hanwha | 1960 |
|  POSCO | 1826 |
|  GS | 1558 |
|  Shinsegae | 1460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 31396 |

---

&nbsp;&nbsp;&nbsp;&nbsp;***3.3.5. Kookmin Bank's Loan Concentration by Industry (As of December 31, 2022)***

---

| | | |
|:---|:---|:---|
| (Unit: in billions of Won, except percentages) | (Unit: in billions of Won, except percentages) | (Unit: in billions of Won, except percentages) |
| **Industry** | **Total<br>Credit** | **Percentage of<br>Total Credit** |
|  Manufacturing | 54071 | 27.7 |
|  Construction | 4331 | 2.2 |
|  Real estate activities | 46274 | 23.7 |
|  Wholesale and retail trade | 29987 | 15.3 |
|  Accommodation and food service activities | 10285 | 5.3 |
|  Financial activities | 6497 | 3.3 |
|  Others | 44087 | 22.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 195531 | 100.0 |

---

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##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3.6. *Top 20 Non-Performing Loans of Kookmin Bank*** (As of December 31, 2022)

---

| | | | |
|:---|:---|:---|:---|
|  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| **Borrower** | **Industry** | **Total Credit** | **Allowance for**<br>**Loan Losses** |
|  Borrower A | Construction | 40.1 | 39.3 |
|  Borrower B | Wholesale and retail trade | 16.5 | 13.1 |
|  Borrower C | Manufacturing | 8.7 | 3.0 |
|  Borrower D | Real estate activities | 8.0 | 0.8 |
|  Borrower E | Professional, scientific and technical services | 8.0 | 1.3 |
|  Borrower F | Manufacturing | 7.1 | 3.3 |
|  Borrower G | Manufacturing | 6.8 | 3.9 |
|  Borrower H | Wholesale and retail trade | 6.0 | 0.4 |
|  Borrower I | Accommodation and food service activities | 5.6 | 0.2 |
|  Borrower J | Human health and social work activities | 5.0 | 2.7 |
|  Borrower K | Manufacturing | 4.8 | 3.8 |
|  Borrower L | Manufacturing | 4.8 | 2.2 |
|  Borrower M | Manufacturing | 4.5 | 2.0 |
|  Borrower N | Membership organizations, repair and other personal services | 4.4 | 1.1 |
|  Borrower O | Manufacturing | 4.3 | 3.3 |
|  Borrower P | Real estate activities | 4.1 | 0.3 |
|  Borrower Q | Real estate activities | 4.1 | 0.2 |
|  Borrower R | Wholesale and retail trade | 3.8 | 2.1 |
|  Borrower S | Manufacturing | 3.5 | 0.2 |
|  Borrower T | Manufacturing | 3.4 | 2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 153.5 | 85.7 |

---

**3.4.** **Other Financial Information** 

The Company's audited consolidated and separate financial statements are available on its website at <u>www.kbfg.com</u>.

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**4.** **Independent Public Accountants** 

**4.1.** **Audit / Review Services** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | | (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) |
| Period | Auditor | Activity | Agreed Per Contract<sup>(1)</sup> | Agreed Per Contract<sup>(1)</sup> | Actual<sup>(2)</sup> | Actual<sup>(2)</sup> |
| Period | Auditor | Activity | Compensation<sup>(3)</sup> | Estimated<br>Hours | Compensation<sup>(3)</sup> | Accrued<br>Hours |
|  January 1 to December 31, 2022 | KPMG Samjong Accounting Corp. | Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting) | 1291 | 11364 | 1291 | 11028 |
|  January 1 to December 31, 2021 | KPMG Samjong Accounting Corp. | Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting) | 1261 | 11364 | 1261 | 11451 |
|  January 1 to December 31, 2020 | KPMG Samjong Accounting Corp. | Quarterly, semi-annual and annual review & audit, review of internal accounting management system (including audit of internal control over financial reporting) | 1246 | 11570 | 1246 | 12624 |
|  January 1 to December 31, 2020 | KPMG Samjong Accounting Corp. | Expansion of the scope of audit in connection with the acquisition of Prudential Life Insurance | 481 | 4829 | 481 | 4846 |

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| | | |
|:---|:---|:---|
| Notes: | (1) | Total compensation and estimated hours are established at the time of the execution of the audit and review services contract. |
|  | (2) | Actual compensation and hours are accrued from January 1 of each applicable year to the date of the audit or review report issued during such year. |
|  | (3) | Excluding value-added taxes. |

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**4.2.** **Public Company Accounting Oversight Board ("PCAOB") Audit Services** 

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| | | | | |
|:---|:---|:---|:---|:---|
| (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) |
| Period | Auditor | Activity | Service Period | Compensation<sup>(1)</sup> |
|  January 1 to December 31, 2022 | KPMG Samjong Accounting Corp. | PCAOB audit of consolidated financial statements and internal control over financial reporting | May 1, 2022 to<br> April 30, 2023 | 697 |
|  January 1 to December 31, 2021 | KPMG Samjong Accounting Corp. | PCAOB audit of consolidated financial statements and internal control over financial reporting | May 1, 2021 to<br> April 30, 2022 | 681 |
|  January 1 to December 31, 2020 | KPMG Samjong Accounting Corp. | PCAOB audit of consolidated financial statements and internal control over financial reporting | May 1, 2020 to<br> April 30, 2021 | 662 |

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| | |
|:---|:---|
| Note: | (1) Total compensation (excluding value-added taxes) is established at the time of the execution of the audit and review services contract.  |

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**4.3.** **Change in Auditor** 

Pursuant to the Act on External Audit of Stock Companies and the related regulations thereunder, the Securities and Futures Commission under the Financial Services Commission had designated KPMG Samjong Accounting Corp. as the external auditor for the Company for the fiscal years ended December 31, 2020, 2021 and 2022. Following the end of KPMG Samjong Accounting Corp.'s designated period as the auditor, the Company selected Samil PricewaterhouseCoopers to be its new external auditor for the fiscal years ending December 31, 2023, 2024 and 2025, in accordance with the criteria and processes set forth by relevant laws and regulations. As such, the external auditor for the Company and its subsidiaries for the fiscal year ended December 31, 2023 will be Samil PricewaterhouseCoopers.

**5.** **Corporate Governance and Affiliated Companies** 

**5.1.** **Board of Directors & Committees under the Board** 

As of December 31, 2022, our board of directors consisted of nine directors, comprising one executive director, one non-standing director and seven non-executive directors. The following committees currently serve under our board of directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Audit Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Risk Management Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation and Compensation Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ESG Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Executive Director Nominating Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• CEO Nominating Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Subsidiaries' CEO Director Nominating Committee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Audit Committee Member Nominating Committee (ad hoc committee).

For the list of our directors, see 6. Directors, Senior Management and Employees — 6.1. Executive Directors, — 6.2. Non-standing Directors and — 6.3. Non-executive Directors below.

**5.2.** **Audit Committee** 

The Audit Committee oversees our financial reporting and approves the appointment of our independent auditors and internal compliance officers. The committee also reviews our financial information, auditor's examinations, key financial statement issues, the plans and evaluation of internal controls and the administration of our financial affairs by the board of directors. In connection with the general meetings of shareholders, the committee examines the agenda for, and financial statements and other reports to be submitted by, the board of directors to each general meeting of shareholders. The committee holds regular meetings every quarter and on an as-needed basis.

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The following table shows a list of audit committee requirements under Articles 415-2 and 542-11 of the Commercial Act and how we fulfill each requirement as of December 31, 2022.

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| | |
|:---|:---|
| **The Commercial Act Requirements** | **KB Financial Group** |
|  The Audit Committee must consist of three or more directors. | We have four Audit Committee members. |
|  At least two-thirds of the Audit Committee members must be non-executive directors. | All four Audit Committee members, including the chairman of the committee, are non-executive directors. |
|  <br> The chairman of the Audit Committee must be a non-executive director. | All four Audit Committee members, including the chairman of the committee, are non-executive directors. |
|  At least one Audit Committee member must be an accounting or financial expert. | Three Audit Committee members (Kyung Ho Kim, Suk Ho Sonu, and Myung Hee Choi) are accounting or financial experts. |

---

**5.3.** **Compensation to Directors** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.3.1. Total Amount of Compensation Approved at the Annual General Meeting of Shareholders***

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| | | | |
|:---|:---|:---|:---|
| (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) | (Unit: in millions of Won) |
|  | Total number of persons<sup>(1)</sup> | Total compensation approved at shareholders' meeting<sup>(2)</sup> | Notes |
|  Registered Directors<br> (Non-executive directors) | 9 (7) | 3000 |  |

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| | |
|:---|:---|
| Notes: (1) | Represents the total number of applicable persons as of December 31, 2022. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | Represents the aggregate amount for all directors (including non-executive directors). Excludes compensation in the form of long-term performance-based stock grants. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.3.2. Total Amount of Compensation Paid***

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| | | | |
|:---|:---|:---|:---|
| (As of December 31, 2022) | (As of December 31, 2022) | (Unit: in millions of Won) | (Unit: in millions of Won) |
| Total number of persons<sup>(1)</sup> | Total payment<sup>(2)(3)</sup> | Average payment per person<sup>(4)</sup> | Notes |
| 9 | 2473 | 282 |  |

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| | |
|:---|:---|
| Notes: (1) | Represents the total number of applicable persons as of December 31, 2022. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | Represents the total amount paid (rounded to the nearest million) for the year ended December 31, 2022. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | Total payment amount in accordance with the Company's internal policies on compensation to directors. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) | Represents (i) the total amount paid (rounded to the nearest million) for the year ended December 31, 2022, divided by (ii) the number of applicable persons for the applicable reporting period. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.3.3. Compensation Breakdown***

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| | | | | |
|:---|:---|:---|:---|:---|
| (As of December 31, 2022) | (As of December 31, 2022) |  | (Unit: in millions of Won) | (Unit: in millions of Won) |
|  | Total number<br>of persons<sup>(1)</sup> | Total payment<sup>(2)(3)</sup> | Average payment per<br>person<sup>(4)</sup> | Notes |
|  Registered Directors (excluding non-executive directors and Audit Committee members) | 2 | 1835 | 1035 |  |
|  Non-executive Directors (excluding Audit Committee members) | 3 | 239 | 80 |  |
|  Audit Committee members | 4 | 399 | 100 |  |
|  Internal Auditor |  |  |  |  |

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| | |
|:---|:---|
| Notes: (1) | Represents the total number of applicable persons as of December 31, 2022.  |

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(2) Represents the total amount paid (rounded to the nearest million) for the year ended December 31, 2022.

(3) Total payment amount in accordance with the Company's internal policies on compensation to directors.

(4) Represents (i) the total amount paid (rounded to the nearest million) for the year ended December 31,
2022, divided by (ii) the number of applicable persons for the applicable reporting period.

**5.4.** **Top 5 Highest-Paid Individuals** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.4.1 Compensation exceeding Won 500 million – Individual basis***

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| | | | |
|:---|:---|:---|:---|
| (As of December 31, 2022) | (As of December 31, 2022) | (As of December 31, 2022) | (Unit: in millions of Won) |
| Name | Position | Total Amount | Deferred Compensation<sup>(1)</sup> |
| Jong Kyoo Yoon | Chairman & CEO | 1835 | - Deferred short-term performance-based payment, the amount of which corresponds to a total of 5,594 shares and deferred long-term performance-based payment, the amount of which corresponds to a total of 9,378 shares<br> - Long-term performance-based payment (22,712 shares per year), the amount of which will be finalized at a future date pursuant to a performance evaluation over a three-year period from November 21, 2020 to November 20, 2023 |
| Pil Kyu Im | Senior Executive Vice President | 1145 | - Deferred short-term performance-based payment, the amount of which corresponds to a total of 5,106 shares and deferred long-term performance-based payment, the amount of which corresponds to a total of 3,568 shares |
|  Jong Hee Yang | Vice Chairman | 737 | - Deferred short-term performance-based payment, the amount of which corresponds to a total of 1,737 shares |
|  Soon Bum Kwon | Managing Director | 596 | - Deferred short-term performance-based payment, the amount of which corresponds to a total of 1,348 shares and deferred long-term performance-based payment, the amount of which corresponds to a total of 2,438 shares |
|  Jong Hoon Lee | Head of Unit | 587 | - Not applicable |

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| | |
|:---|:---|
| Note: (1) | The actual payment amount will be finalized based on the market value of our shares at the time of payment.  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.4.2 Calculation criteria and method of compensation***

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| | | | | |
|:---|:---|:---|:---|:---|
| Name | Compensation Type | Compensation Type | Total<br> Compensation (in<br>millions of Won) | Calculation Criteria and Method |
| Jong Kyoo Yoon | Earned income | Salary | 900 | - A monthly salary was paid in even installments each month in accordance with the amount of annual salary determined by a resolution of the Evaluation and Compensation Committee within the limit of the total amount of compensation approved at the shareholders' meeting. (This amount includes allowances for business expenses of Won 400 million.) |
|  |  | Bonus | 934 | - The bonus paid in 2022 consisted of Won 485 million in short-term performance-based compensation and Won 450 million in long-term performance-based compensation.<br>- The short-term performance-based compensation consisted of Won 200 million paid as an upfront lump sum payment pursuant to a performance evaluation for 2021, Won 95 million (1,871 shares) paid as the third installment of deferred payments pursuant to a performance evaluation for 2019, Won 87 million (1,822 shares) paid as the second installment of deferred payments pursuant to a performance evaluation for the period in 2020 prior to re-election, from January 1, 2020 to November 21, 2020, Won 11 million (223 shares) paid pursuant to a performance evaluation for the period in 2020 after re-election, from November 21, 2020 to December 31, 2020, and Won 90 million (1,773 shares) paid as the first installment of deferred payments pursuant to a performance evaluation for 2021.<br>- The short-term performance evaluation index for 2021 consisted of financial results (e.g., ROE, total operating income, net profit from non-banking businesses, comprehensive NPL ratio, RAROC, Tier 1 ratio, CIR), as well as non-financial results (e.g., improving the core competitiveness of the Company, expanding global and new businesses, innovating the financial platform, leading sustainable growth by enhancing ESG and risk management, and cultivating an open and creative organizational structure). The amount of the short-term incentive payment is determined by the Evaluation and Compensation Committee based on the aggregate score of the index items above and is within the range of 0%-100% of the base salary.<br>- With respect to financial results, the Company's net profit for 2021 increased 27.1% YoY to Won 4,095 billion, primarily due to a solid growth in core earnings. Continued quality growth of loans driven by blue-chip assets and improvements in asset quality (improvement in comprehensive NPL ratio from 0.78% in 2020 to 0.60% in 2021), were considered, among others, to be major achievements reflected in the performance evaluation.<br>- With respect to non-financial results, the major achievements considered included (i) strengthening the core competencies of each of the Group's subsidiaries so that they reach the top-tier in each of their respective industries, (ii) securing new growth potential by expanding the Group's global business and its non-banking businesses (e.g., healthcare, KB Real Estate, KB Cha Cha Cha, Liiv M), (iii) innovating financial platforms, including through the launch of "New KB Star Banking", and (iv) contributing to the 'One-firm KB' policy by enhancing the Group's co-marketing structure.<br>- The long-term performance-based compensation consisted of Won 450 million (9,378 shares) paid as the second installment of deferred payments pursuant to a performance evaluation over a three-year period from November 21, 2017 to November 20, 2020. |

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| | | | | |
|:---|:---|:---|:---|:---|
| Name | Compensation Type | Compensation Type | Total<br> Compensation (in<br>millions of Won) | Calculation Criteria and Method |
|  |  |  |  | - The long-term performance evaluation index consisted of financial results (e.g., relative total shareholder return, earnings per share, asset quality, HCROI, net profit from non-banking businesses). The amount of the long-term incentive payment is determined by the Evaluation and Compensation Committee based on the aggregate score of the index items above and is within the range of 0%-200% of the base salary.<br>- With respect to the financial results for long-term performance evaluation, the relative total shareholder return was calculated by measuring the increase in the Company's share price relative to the average increase in the share price of competitors for each evaluation period, while the other items were calculated by averaging each year's results. |
|  |  | Stock options |  | - Not applicable |
|  |  | Other earned income |  | - Not applicable |
|  | Retirement income |  |  | - Not applicable |
|  | Other income |  |  | - Not applicable |
| Pil Kyu Im | Earned income | Salary | 260 | - A monthly salary was paid in even installments each month in accordance with the amount of annual salary determined pursuant to internal policy regarding executive officers based on position and responsibilities. |
|  |  | Bonus | 706 | - The bonus paid in 2022 consisted of Won 256 million in short-term performance-based compensation and Won 450 million in long-term performance-based compensation.<br>- The short-term performance-based compensation consisted of Won 136 million paid as an upfront lump sum payment pursuant to a performance evaluation for 2021, Won 33 million (647 shares) paid as the third installment of deferred payments pursuant to a performance evaluation for 2019, Won 46 million (904 shares) paid as the second installment of deferred payments pursuant to a performance evaluation for 2020, and Won 41 million (803 shares) paid as the first installment of deferred payments pursuant to a performance evaluation for 2021.<br>- The short-term performance evaluation index for 2021 consisted entirely of non-financial results linked to his role as the Chief Risk Management Officer. The amount of the short-term incentive payment is determined by the Evaluation and Compensation Committee, based on a comprehensive evaluation and is within the range of 0%-120% of the base salary.<br>- His major achievements within such non-financial results included (i) analyzing the vulnerable sectors within retail loan portfolios to establish appropriate actions plans against high-risk groups and improving the Group's risk management system, (ii) supporting the growth of the Group by analyzing the capital market conditions and improving the portfolio structure, (iii) enhancing the Group's risk management capabilities by inspecting the risk management structures of its subsidiaries. |

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| | | | | |
|:---|:---|:---|:---|:---|
| Name | Compensation Type | Compensation Type | Total<br> Compensation<br> (in millions of Won) | Calculation Criteria and Method |
|  |  |  |  | - The long-term performance-based compensation consisted of Won 302 million (5,351 shares) paid as an upfront lump sum payment pursuant to a performance evaluation over a two-year period from 2020 to 2021, Won 91 million (1,783 shares) paid as the first installment of deferred payments pursuant to a performance evaluation over a two-year period from 2020 to 2021, Won 57 million (1,127 shares) paid as the third installment of deferred payments pursuant to a performance evaluation over a two-year period from 2018 to 2019.<br>- The amount of the long-term incentive payment is determined based on the average of the short-term evaluation index items above for each year and is within the range of 0%-100% of the base salary. |
|  |  | Stock options |  | - Not applicable |
|  |  | Other earned income | 21 | - Welfare benefits |
|  | Retirement income | Retirement income | 158 | - Retirement income was determined in consideration of the executive officer's tenure at the Company and his base salary at the time of retirement in accordance with internal policy regarding executive officers. |
|  | Other income | Other income |  | - Not applicable |
| Jong Hee Yang | Earned income | Salary | 460 | - A monthly salary was paid in even installments each month in accordance with the amount of annual salary determined pursuant to internal policy regarding executive officers based on position and responsibilities. (This amount includes allowances for business expenses of Won 60 million.) |
|  |  | Bonus | 265 | - The bonus paid in 2022 consisted of Won 265 million in short-term performance-based compensation.<br>- The short-term performance-based compensation consisted of Won 220 million paid as an upfront lump sum payment pursuant to a performance evaluation for 2021 and Won 44 million (868 shares) paid as the first installment of deferred payments pursuant to a performance evaluation for 2021.<br>- The short-term performance evaluation index for 2021 consisted of financial results linked to his role as a Vice Chairman and as the head of the Group's insurance business and global business, as well as non-financial results linked to certain management tasks. The amount of the short-term incentive payment is determined by the Evaluation and Compensation Committee, based on a comprehensive evaluation and is within the range of 0%-120% of the base salary.<br>- With respect to financial results, his major achievements included his efforts in strengthening the core competitiveness of the insurance business.<br>- With respect to non-financial results, his major achievements included (i) establishing appropriate response actions to prepare for the introduction of IFRS 17, (ii) establishing a consistent and unified management system for the management of the three insurance subsidiaries of the Group, including the integration of the asset management of the insurance subsidiaries, and (iii) improving the management structure of the Group's global business. |
|  |  | Stock options |  | - Not applicable |
|  |  | Other earned income | 12 | - Welfare benefits |
|  | Retirement income | Retirement income |  | - Not applicable |

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| | | | | |
|:---|:---|:---|:---|:---|
| Name | Compensation Type | Compensation Type | Total<br> Compensation<br>(in millions of Won) | Calculation Criteria and Method |
|  | Other income | Other income |  | - Not applicable |
| Soon Bum Kwon | Earned income | Salary | 18 | - A monthly salary was paid in even installments each month in accordance with the amount of annual salary determined pursuant to internal policy regarding executive officers based on position and responsibilities. |
|  |  | Bonus | 437 | - The bonus paid in 2022 consisted of Won 139 million in short-term performance-based compensation and Won 298 million in long-term performance-based compensation.<br>- The short-term performance-based compensation consisted of Won 72 million paid as an upfront lump sum payment pursuant to a performance evaluation over a two-year period from 2021 to 2022, Won 20 million (393 shares) paid as the third installment of deferred payments pursuant to a performance evaluation for 2019, Won 25 million (491 shares) paid as the second installment of deferred payments pursuant to a performance evaluation for 2020, and Won 22 million (427 shares) paid as the first installment of deferred payments pursuant to a performance evaluation over a two-year period from 2021 to 2022.<br>- The long-term performance-based compensation consisted of Won 206 million (3,655 shares) paid as an upfront lump sum payment pursuant to a performance evaluation over a three-year period from 2020 to 2022 and Won 30 million (585 shares) paid as the third installment of deferred payments pursuant to a performance evaluation over a two-year period from 2018 to 2019. |
|  |  | Stock options |  | - Not applicable |
|  |  | Other earned income | 19 | - Welfare benefits |
|  | Retirement income | Retirement income | 122 | - His retirement income was determined in consideration of his tenure at the Company and his base salary at the time of retirement in accordance with the internal policies regarding executive officers. |
|  | Other income | Other income |  | - Not applicable |
| Jong Hoon Lee | Earned income | Salary | 114 | - A monthly salary paid in each month. |
|  |  | Bonus | 100 | - The bonus paid in 2022 included his performance-based compensation and unused annual leave, among others. |
|  |  | Stock options |  | - Not applicable |
|  |  | Other earned income | 11 | - Welfare benefits |
|  | Retirement income | Retirement income | 362 | - His retirement income was determined in accordance with related laws and internal regulations. |
|  | Other income | Other income |  | - Not applicable |

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**5.5.** **Affiliated Companies** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.5.1. List of Affiliated Companies***

Affiliated companies of KB Financial Group that are first-tier subsidiaries and KB Financial Group's ownership of such companies as of December 31, 2022 are as follows.

1) Kookmin Bank (100.00%)

2) KB Securities Co., Ltd. (100.00%)

3) KB Insurance Co., Ltd. (100.00%)

4) KB Kookmin Card Co., Ltd. (100.00%)

5) Prudential Life Insurance (100.00%) (re-named to KB Life Insurance Co., Ltd. on December 26, 2022)

6) KB Asset Management Co., Ltd. (100.00%)

7) KB Capital Co., Ltd. (100.00%)

8) KB Life Insurance Co., Ltd. (100.00%)

9) KB Real Estate Trust Co., Ltd. (100.00%)

10) KB Savings Bank Co., Ltd. (100.00%)

11) KB Investment Co., Ltd. (100.00%)

12) KB Data Systems Co., Ltd. (100.00%)

13) KB Credit Information Co., Ltd. (100.00%)

**6.** **Directors, Senior Management and Employees** 

**6.1.** **Executive Directors** 

As of December 31, 2022 and March 16, 2023, we had one executive director. The name, position and the end of the term of our executive director and the number of shares of our common stock he owned as of December 31, 2022 are set forth below.

Name Date of Birth Position <u> Common Shares Owned</u> End of Term <br> Jong Kyoo Yoon October 1955 Chairman & Chief Executive Officer 21,000 November 20, 2023

**6.2.** **Non-standing Directors** 

As of December 31, 2022 and March 16, 2023, we had one non-standing director. The name, position and the end of the term of our non-standing director and the number of shares of our common stock he owned as of December 31, 2022 are set forth below.

Name Date of Birth Position <u> Common Shares Owned</u> End of Term<sup>(1)</sup> <br> Jae Keun Lee May 1966 Non-standing Director 1,119 March 24, 2024

Note: (1) The date designated as Mr. Jae Keun Lee's end of term is the date of the annual general meeting of shareholders for fiscal year 2023, which is expected be held in March 2024.

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**6.3.** **Non-executive Directors** 

As of December 31, 2022 and March 16, 2023, we had seven non-executive directors. The name, position and the end of the term of our non-executive directors and the number of shares of our common stock they respectively owned as of December 31, 2022 were as follows.

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| | | | | |
|:---|:---|:---|:---|:---|
| Name | Date of Birth | Position | Common Shares Owned | End of Term |
|  Suk Ho Sonu | September 1951 | Non-executive Director | 1300 | March 24, 2023 |
|  Myung Hee Choi | February 1952 | Non-executive Director |  | March 24, 2023 |
|  Kouwhan Jeong | September 1953 | Non-executive Director |  | March 24, 2023 |
|  Kyung Ho Kim | December 1954 | Non-executive Director |  | March 24, 2023 |
|  Seon-joo Kwon | November 1956 | Non-executive Director |  | March 24, 2023 |
|  Gyutaeg Oh | February 1959 | Non-executive Director |  | March 24, 2023 |
|  Jaehong Choi | August 1962 | Non-executive Director |  | March 24, 2024 |

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As of December 31, 2022, the following non-executive director also served as a director at another company.

Name Company Position Appointment Date <br> Kouwhan Jeong Nambujeil Law and Notary Office Inc. Co-president Attorney at Law May 2016

**6.4.** **Appointment of Directors to be proposed at the annual general meeting of shareholders** 

The following is a list of non-executive director and audit committee member candidates, as of March 16, 2023, to be proposed to shareholders at the annual general meeting of shareholders for fiscal year 2022. If such proposal is rejected at the upcoming annual general meeting of shareholders, KB Financial Group will disclose such matter through a separate amendment filing. For more information regarding the annual general meeting of shareholders and agenda items, please refer to the Company's report on Form 6-K furnished to the Securities and Exchange Commission on March 7, 2023.

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| | | | |
|:---|:---|:---|:---|
| Name | Date of Birth | Nominated Position | Expected Date of<br> Appointment |
| Kyung Ho Kim<br> (Re-appointment) | December 1954 | Audit Committee Member and Non-executive Director | March 24, 2023 |
| Seon-joo Kwon<br> (Re-appointment) | November 1956 | Audit Committee Member and Non-executive Director | March 24, 2023 |
| Gyutaeg Oh<br> (Re-appointment) | February 1959 | Non-executive Director | March 24, 2023 |
| Whajoon Cho<br> (New appointment) | February 1957 | Audit Committee Member and Non-executive Director | March 24, 2023 |
| Jungsung Yeo<br> (New appointment) | April 1960 | Non-executive Director | March 24, 2023 |
| Sung-Yong Kim<br> (New appointment) | March 1966 | Audit Committee Member and Non-executive Director | March 24, 2023 |
| Kyung Jong Lim<br> (New appointment) | December 1959 | Non-executive Director<br> (Nominated by shareholders) | March 24, 2023 |

---

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##### [**Table of Contents**](#toc)
**6.5.** **Senior Management** 

Members of our senior management as of March 16, 2023 are as follows.

---

| | | | | |
|:---|:---|:---|:---|:---|
| Name | Date of Birth | Position | Common Shares Owned<sup>(1)</sup> | End of Term |
|  Jong Hee Yang | June 1961 | Vice Chairman and Head of Retail Customer / Wealth Management & Pension / Small & Medium Enterprise Business Units | 914 | December 31, 2023 |
|  Yin Hur | December 1961 | Vice Chairman and Head of Global / Insurance Business Units | 13506 | December 31, 2023 |
|  Dong Cheol Lee | October 1961 | Vice Chairman and Head of Digital / IT Business Units | 3325 | December 31, 2023 |
|  Scott Y.H. Seo | March 1966 | Senior Managing Director and Chief Finance Officer |  | December 31, 2023 |
|  Cheal Soo Choi | October 1966 | Senior Executive Vice President and Chief Risk Management Officer | 4 | December 31, 2024 |
|  Dong Whan Han | January 1965 | Senior Executive Vice President and Head of KB Research | 1100 | December 31, 2023 |
|  Se Min Kim | January 1971 | Senior Managing Director and Chief Strategy Officer | 147 | December 31, 2023 |
|  Bong Joong Kwon | November 1969 | Senior Managing Director and Head of IR | 286 | December 31, 2023 |
|  Yeo Woon Yoon | April 1967 | Senior Managing Director and Chief Human Resources Officer | 605 | December 31, 2023 |
|  Hye Ja Seo | September 1966 | Senior Managing Director and Chief Compliance Officer | 1329 | December 31, 2024 |
|  Jin Gyu Maeng | January 1966 | Senior Managing Director and Head of Audit | 1027 | December 31, 2023 |
|  Hye Sook Moon | September 1971 | Managing Director and Head of ESG Division | 652 | December 31, 2023 |
|  Byung Joo Oh | January 1973 | Managing Director, Insurance Business Unit | 879 | December 31, 2023 |
|  Jeong Rim Park | November 1963 | Head of the Capital Market Business Unit | 3150 | December 31, 2023 |
|  Sung Hyun Kim | August 1963 | Head of Corporate and Investment Banking Business Unit | 15468 | December 31, 2023 |
|  Hyun Seung Lee | November 1966 | Head of Asset Management Business Unit |  | December 31, 2023 |
|  Jin Young Kim | August 1969 | Chief Public Relations Officer | 765 | December 31, 2023 |
|  Mun Cheol Jeong | August 1968 | Senior Executive Vice President, Retail Customer Business Unit | 3030 | December 31, 2023 |

---

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##### [**Table of Contents**](#toc)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Name | Date of Birth | Position | Common Shares Owned<sup>(1)</sup> | End of Term |
|  Jae Young Choi | June 1967 | Senior Executive Vice President, Wealth Management and Pension Business Unit | 947 | December 31, 2023 |
|  Sung Ki Kwon | July 1966 | Senior Executive Vice President, Small and Medium Enterprise Business Unit | 546 | December 31, 2023 |
|  Nam Hoon Cho | June 1968 | Chief Global Strategy Officer | 1000 | December 31, 2023 |
|  Young Suh Cho | February 1971 | Chief Digital Platform Officer | 1000 | December 31, 2023 |
|  Jin Soo Yoon | February 1964 | Chief Information Technology Officer | 313 | December 31, 2023 |
|  Chang Hwa Yook | December 1967 | Chief Data Officer | 524 | December 31, 2023 |
|  Sung Pyo Jeon | August 1966 | Chief Customer Contact Officer | 951 | December 31, 2023 |
|  Jeong Ha | January 1967 | Senior Executive Vice President, Capital Market Business Unit |  | December 31, 2023 |
|  Soon Bae Kang | August 1964 | Senior Executive Vice President, Corporate and Investment Banking Business Unit | 1113 | December 31, 2023 |
|  Nam Che Kang | August 1967 | Head of Global Division | 423 | December 31, 2023 |
|  Yoon Ha | March 1971 | Head of Customer Experience Design Center |  | December 31, 2023 |
|  Yoo Shim Hur | April 1973 | Head of Digital Contents Center |  | December 31, 2023 |
|  Ki Eun Park | September 1970 | Head of Tech Innovation Center | 258 | December 31, 2023 |
|  Joo Hyun Kim | November 1970 | Head of Group Cloud Center | 82 | December 31, 2023 |
|  Soon Young Oh | August 1977 | Head of Financial AI Center |  | December 31, 2023 |
|  Chan Yong Park | September 1965 | Head of Office of Planning and Coordination | 978 | December 31, 2023 |
|  Min Hyuk Kang | January 1970 | Head of Office of Capital Market Planning | 657 | December 31, 2023 |

---

---

| | |
|:---|:---|
| Note: | (1) The number of common shares owned is as of December 31, 2022 and includes those owned in the holder's name under the employee stock ownership association's account, and may differ from the number of shares owned as reported pursuant to Article 173 of the Financial Investment Services and Capital Markets Act. |

---

------

##### [**Table of Contents**](#toc)
As of March 16, 2023, the following management also served as senior management at our subsidiaries.

---

| | | | |
|:---|:---|:---|:---|
| Name | Subsidiary | Position | Appointment Date |
|  Jae Keun Lee | Kookmin Bank | Chief Executive Officer | January 2022 |
|  Jeong Rim Park | KB Securities | Chief Executive Officer | January 2019 |
|  Sung Hyun Kim | KB Securities | Chief Executive Officer | January 2019 |
|  Hye Sook Moon | Kookmin Bank | Head of ESG Division | January 2022 |
|  Jin Young Kim | Kookmin Bank | Managing Director; Brand Strategy Group | January 2022 |
|  Chai Hyun Sung | Kookmin Bank | Senior Executive Vice President; Retail Customer Group | January 2020 |
|  Jae Young Choi | Kookmin Bank | Senior Managing Director; Wealth Management Group | January 2022 |
|  | KB Securities | Senior Executive Vice President; Wealth Management Division | January 2022 |
|  | KB Insurance | Senior Managing Director; WM/Pension Division | January 2022 |
|  Mun Cheol Jeong | Kookmin Bank | Senior Managing Director; SME and SOHO Customer Group | January 2022 |
|  Nam Hoon Cho | Kookmin Bank | Senior Managing Director; Global Business Group | January 2022 |
|  Young Suh Cho | Kookmin Bank | Senior Managing Director; DT Strategy Division | January 2021 |
|  Jin Soo Yoon | Kookmin Bank | Senior Executive Vice President; Tech Group | January 2021 |
|  Sungpyo Jeon | Kookmin Bank | Senior Managing Director; Smart Customer Group | January 2022 |
|  Jeong Ha | Kookmin Bank | Senior Executive Vice President; Capital Markets Group | January 2021 |
|  Sang-Hyeon Woo | Kookmin Bank | Senior Executive Vice President; Corporate Investment Banking Customer Group | January 2021 |
|  | KB Securities | Senior Executive Vice President; Investment Banking Division | January 2020 |
|  Dong Sook Jeon | Kookmin Bank | Head of Pension Business Division | January 2022 |
|  Nam Che Kang | Kookmin Bank | Head of Global Growth Supporting Division | January 2022 |
|  Chang Hwa Yook | Kookmin Bank | Head of Data Division | January 2022 |
|  Chan Yong Park | Kookmin Bank | Senior Managing Director; Planning & Coordination Department | January 2022 |
|  Yoo Shim Hur | Kookmin Bank | Managing Director; Digital Contents Center | January 2022 |
|  Soon Young Oh | Kookmin Bank | Managing Director; Financial AI Center | June 2022 |
|  Joo Hyun Kim | Kookmin Bank | Head of Cloud Platform Department | February 2022 |
|  Se Min Kim | KB Securities | Non-standing Director | June 2022 |
|  | KB Life Insurance (Formerly, Prudential Life Insurance) | Non-standing Director | August 2022 |
|  Scott S.Y. Seo | KB Insurance | Non-standing Director | February 2022 |
|  | KB Kookmin Card | Non-standing Director | March 2022 |

---

**6.6.** **Employees** 

The following table shows information regarding our employees and compensation paid to them as of December 31, 2022.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | (Unit: in millions of Won) |
| Number of<br> Employees<sup>(1)</sup> | Average Tenure of Employees<sup>(2)</sup> | Total Amount of<br> Compensation<sup>(3)</sup> | Average Compensation<br> per Person<sup>(4)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158 | 4 years and 5 months<br> (15 years and 10 months) | 28060 | 176 |

---

Notes: (1) Includes all employees as of December 31, 2022, including executive officers.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The duration in parentheses includes tenure at our subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Based on the sum of all compensation paid from January 1, 2022 to December 31, 2022

&nbsp;&nbsp;&nbsp;&nbsp;(4) Based on the sum of the average monthly compensation of each month from January 1, 2022 to December 31, 2022, which is computed by dividing the sum of all compensation paid each month by the number of employees (including executive officers) at the end of each month.

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##### [**Table of Contents**](#toc)
The following table shows information regarding our executive officers and compensation paid to them as of December 31, 2022.

---

| | | |
|:---|:---|:---|
|  | | (Unit: in millions of Won) |
| Number of Executive Officers(A)<sup>(1)</sup> | Total Amount of Annual Salaries(B) | Average Annual Salary per Person(B/A) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | 5511 | 424 |

---

Note: (1) Excludes 19 executive officers who served primarily as executive officers at our subsidiaries.

**7.** **Major Shareholders and Related Party Transactions** 

**7.1.** **Major Shareholders** 

The following table presents information regarding holders of 5% or more of our total issued shares based on our shareholder registry as of December 31, 2022, unless specified otherwise.

---

| | | |
|:---|:---|:---|
| | | (Unit: shares, %) |
| Name | Number of Shares of<br>Common Stock | Percentage of<br>Total Issued Shares<sup>(1)</sup> |
|  Korean National Pension Service | 32499151 | 7.95 |
|  JP Morgan Chase Bank, N.A.<sup>(2)</sup> | 25435390 | 6.22 |
|  BlackRock Fund Advisors<sup>(3)</sup> | 25050939 | 6.02 |

---

Notes: (1) Based on 408,897,068 shares of our common stock issued as of December 31, 2022.

(2) Depositary under the Company's ADR program. The voting rights are held by ADR holders.

(3) The above number of shares and the percentage of total issued shares held by BlackRock Fund Advisors are as of
February 26, 2021 and are based on disclosure made by BlackRock Fund Advisors in a statement of acquisition filing on March 10, 2021.

**7.2.** **Changes in the Largest Shareholder** 

---

| | | | |
|:---|:---|:---|:---|
|  | | | (Unit: shares, %) |
| Name of Largest Shareholder | Date of Change in Largest<br>Shareholder/Date of<br>Change in Number of<br>Shares Owned | Number of<br>Shares of<br>Common Stock<sup>(1)</sup> | Percentage of<br>Total Issued<br>Shares<sup>(2)</sup> |
|  Korean National Pension Service | December 31, 2018 | 39704733 | 9.50 |
|  Korean National Pension Service | December 31, 2019 | 41468003 | 9.97 |
|  Korean National Pension Service | February 1, 2020 | 41462588<sup>(3)</sup> | 9.97 |
|  Korean National Pension Service | October 12, 2020 | 41402150 | 9.96 |
|  Korean National Pension Service | December 31, 2020 | 41287280 | 9.93 |
|  Korean National Pension Service | June 30, 2021 | 40626942 | 9.77 |
|  Korean National Pension Service | December 31, 2021 | 37626516 | 9.05 |
|  Korean National Pension Service | January 27, 2022 | 37188199<sup>(4)</sup> | 8.94 |
|  Korean National Pension Service | March 31, 2022 | 36008504 | 8.73 |
|  Korean National Pension Service | June 30, 2022 | 33830623 | 8.20 |
|  Korean National Pension Service | September 30, 2022 | 32594691 | 7.97 |
|  Korean National Pension Service | October 12, 2022 | 32457827<sup>(5)</sup> | 7.94 |
|  Korean National Pension Service | December 31, 2022 | 32499151 | 7.95 |

---

Notes: (1) Based on our shareholder registry as of the end of each applicable year unless specified otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Total number of shares of common stock issued as of the following dates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From October 19, 2016 to December 12, 2019: 418,111,537

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From December 12, 2019 to February 14, 2022: 415,807,920

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From February 14, 2022 to August 1, 2022: 412,352,494

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After August 1, 2022: 408,897,068

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Based on disclosure made by the Korean National Pension Service in a statement of acquisition filing on
February 7, 2020.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Based on disclosure made by the Korean National Pension Service in a statement of disposal filing on
February 4, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Based on disclosure made by the Korean National Pension Service in a statement of disposal filing on
November 2, 2022.

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##### [**Table of Contents**](#toc)
**7.3.** **Employee Stock Ownership Association (As of December 31, 2022)** 

---

| | |
|:---|:---|
|  | (Unit: shares) |
| Company Name | Number of Shares of<br>Common Stock Owned |
|  KB Financial Group Inc. | 56404 |
|  Kookmin Bank | 7909909 |
|  KB Securities Co., Ltd. | 47937 |
|  KB Insurance Co., Ltd. | 537462 |
|  KB Kookmin Card Co., Ltd. | 490639 |
|  KB Life Insurance Co., Ltd. (Formerly, Prudential Life Insurance) | 993 |
|  KB Asset Management Co., Ltd. | 14304 |
|  KB Capital Co., Ltd. | 71878 |
|  KB Life Insurance Co., Ltd. | 22707 |
|  KB Real Estate Trust Co., Ltd. | 23336 |
|  KB Savings Bank Co., Ltd. | 10275 |
|  KB Investment Co., Ltd. | 1262 |
|  KB Data Systems Co., Ltd. | 40484 |
|  KB Credit Information Co., Ltd. | 13896 |
|  Others<sup>(1)</sup> | 12177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 9253663 |

---

---

| | | |
|:---|:---|:---|
| Note:  | (1) | Shares of common stock attributable to an account owned by the employee stock ownership association of KB Financial Group.  |

---

**7.4.** **Investments in Affiliated Companies** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (As of December 31, 2022) |  |  |  | (Units: shares, %, millions of Won) | (Units: shares, %, millions of Won) |
| Company Name | Ending Balance | Ending Balance | Ending Balance | Total assets as<br>of the latest<br>fiscal year | Net income(loss)<br>for the latest<br>fiscal year |
| Company Name | Number of<br>shares owned | Ownership | Book value | Total assets as<br>of the latest<br>fiscal year | Net income(loss)<br>for the latest<br>fiscal year |
|  Kookmin Bank | 404379116 | 100 | 14821721 | 517769512 | 2996015 |
|  KB Securities Co., Ltd.  | 298620424 | 100 | 3342391 | 53824246 | 187784 |
|  KB Insurance Co., Ltd.  | 66500000 | 100 | 2375430 | 42736747 | 557680 |
|  KB Kookmin Card Co., Ltd. | 92000000 | 100 | 1953175 | 29721017 | 378592 |
|  KB Life Insurance Co., Ltd. (Formerly, Prudential Life Insurance) | 15000000 | 100 | 2310054 | 24710078 | 250308 |
|  KB Asset Management Co., Ltd.  | 7667550 | 100 | 96312 | 369488 | 59345 |
|  KB Capital Co., Ltd.  | 32175147 | 100 | 873811 | 16053026 | 217139 |
|  KB Life Insurance Co., Ltd. | 91200000 | 100 | 485314 | 10136909 | (64045) |
|  KB Real Estate Trust Co., Ltd. | 16000000 | 100 | 121553 | 518980 | 67723 |
|  KB Savings Bank Co., Ltd. | 8001912 | 100 | 176813 | 3138543 | 21814 |
|  KB Investment Co., Ltd. | 22525328 | 100 | 154910 | 1378550 | 4807 |
|  KB Data Systems Co., Ltd. | 800000 | 100 | 6334 | 63645 | 3162 |
|  KB Credit Information Co., Ltd. | 1252400 | 100 | 23620 | 42219 | 484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | 26741438 |  |  |

---

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##### [**Table of Contents**](#toc)
**7.5.** **Related Party Transactions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.1. Purchase of capital securities issued by KB Securities Co., Ltd.***

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Securities Co., Ltd. | Subsidiary | No. 1 Private Placement of Capital Securities in Won | 200 | March 31, 2022 | 4.300% | March 31, 2052 (may be extended) | Working capital |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Securities Co., Ltd. | Subsidiary | No. 3 Private Placement of Capital Securities in Won | 230 | September 30, 2022 | 5.500% | September 30,<br> 2052 (may be extended) | Working capital |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.2. Purchase of capital securities issued by KB Capital Co., Ltd.***

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Capital Co., Ltd. | Subsidiary | No. 299 Private Placement of Capital Securities in Won | 50 | March 27, 2015 | 6.548%<sup>(1)</sup> | March 27, 2045 (may be extended) | Working capital |

---

Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Capital Co., Ltd.. | Subsidiary | No. 320 Private Placement of Capital Securities in Won | 50 | September 24,<br> 2015 | 5.989%<sup>(1)</sup> | September 24, 2045 (may be extended) | Working capital |

---

Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option.

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##### [**Table of Contents**](#toc)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br> Rate | Maturity Date | Use of<br>Proceeds |
|  KB Capital Co., Ltd. | Subsidiary | No. 343 Private Placement of Capital Securities in Won | 50 | March 29, 2016 | 6.305%<sup>(1)</sup> | March 29, 2046 (may be extended) | Working<br>capital |
| <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. |
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Capital Co., Ltd. | Subsidiary | No. 352 Private Placement of Capital Securities in Won | 50 | June 28, 2016 | 6.466%<sup>(1)</sup> | June 28, 2046 (may be extended) | Working<br>capital |
| <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. |
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Capital Co., Ltd. | Subsidiary | No. 367 Private Placement of Capital Securities in Won | 50 | November 28, 2016 | 6.952%<sup>(1)</sup> | November 28, 2046 (may be extended) | Working<br>capital |
| <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option. |
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Capital Co., Ltd. | Subsidiary | No. 378 Private Placement of Capital Securities in Won | 50 | April 27, 2017 | 7.664%<sup>(1)</sup> | April 27, 2047 (may be extended) | Working<br>capital |
| <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option | <br> Note: (1) The interest rate has increased from its initial rate due to the non-exercise of the call option |
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Capital Co., Ltd. | Subsidiary | No. 460 Private Placement of Capital Securities in Won | 100 | September 25, 2020 | 3.376% | September 25, 2050 (may be extended) | Working<br>capital |

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##### [**Table of Contents**](#toc)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Capital Co., Ltd. | Subsidiary | No. 486 Private Placement of Capital Securities in Won | 100 | February 17, 2022 | 4.495% | February 17,<br> 2052 (may be extended) | Working<br>capital |
| <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.*** | <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.*** | <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.*** | <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.*** | <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.*** | <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.*** | <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.*** | <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.3. Purchase of subordinated bonds issued by KB Savings Bank Co., Ltd.*** |
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Issuer | Relationship | Type | Issue<br>Amount | Issue Date | Interest<br>Rate | Maturity Date | Use of<br>Proceeds |
|  KB Savings Bank Co., Ltd. | Subsidiary | No. 1 Subordinated Bonds<br> in Won | 70 | June 25, 2021 | 1.600% | June 25, 2031 | Working<br>capital |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.5.4. Prepayments and Loans to Subsidiaries***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Relationship | Account | Loan Amount | Current<br> Balance | Credit Offering<br>Date | Interest<br> Rate | Maturity Date |
|  KB Investment Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 10 | 10 | July 14, 2017 | 2.571%<sup>(2)</sup> | July 12, 2023 |

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| | |
|:---|:---|
| Notes: | (1) Unsecured credit loans. |
|  | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Relationship | Account | Loan Amount | Current<br> Balance | Credit Offering<br>Date | Interest<br> Rate | Maturity Date |
|  KB Investment Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 40 | 40 | July 13, 2018 | 2.571%<sup>(2)</sup> | July 12, 2023 |

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| | |
|:---|:---|
| Notes: | (1) Unsecured credit loans. |
|  | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Relationship | Account | Loan Amount | Current<br> Balance | Credit Offering<br>Date | Interest<br> Rate | Maturity Date |
|  KB Investment Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 70 | 70 | March 8, 2019 | 2.334%<sup>(2)</sup> | March 8, 2023 |

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| | |
|:---|:---|
| Notes: | (1) Unsecured credit loans. |
|  | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. |

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##### [**Table of Contents**](#toc)

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | | |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Name | Relationship | Account | Loan Amount | Current<br>Balance | Credit Offering<br>Date | Interest<br>Rate | Maturity Date |
|  KB Investment Co., Ltd. | KB Investment Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 30 | 30 | March 9, 2020 | 2.334%<sup>(2)</sup> | March 8, 2023 |
|  Notes: | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. |
|  | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. | (2) Changed from 2.245% to 2.334% upon extension of the loans on March 9, 2022. |
|  |  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Name | Relationship | Account | Loan Amount | Current<br>Balance | Credit Offering<br>Date | Interest<br>Rate | Maturity Date |
|  KB Investment Co., Ltd. | KB Investment Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 30 | 30 | July 13, 2020 | 2.571%<sup>(2)</sup> | July 12, 2023 |
|  Notes: | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. |
|  | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. | (2) Changed from 2.239% to 2.571% upon extension of the loans on July 12, 2022. |
|  |  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Name | Relationship | Account | Loan Amount | Current<br>Balance | Credit Offering<br>Date | Interest<br>Rate | Maturity Date |
|  KB Investment Co., Ltd. | KB Investment Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 70 | 70 | December 20, 2021 | 2.590% | December 19, 2023 |
|  Note: | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. |
|  | (2) Changed from 2.247% to 2.590% upon extension of the loans on December 19, 2022. | (2) Changed from 2.247% to 2.590% upon extension of the loans on December 19, 2022. | (2) Changed from 2.247% to 2.590% upon extension of the loans on December 19, 2022. | (2) Changed from 2.247% to 2.590% upon extension of the loans on December 19, 2022. | (2) Changed from 2.247% to 2.590% upon extension of the loans on December 19, 2022. | (2) Changed from 2.247% to 2.590% upon extension of the loans on December 19, 2022. | (2) Changed from 2.247% to 2.590% upon extension of the loans on December 19, 2022. | (2) Changed from 2.247% to 2.590% upon extension of the loans on December 19, 2022. |
|  |  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Name | Relationship | Account | Loan Amount | Current<br>Balance | Credit Offering<br>Date | Interest<br>Rate | Maturity Date |
|  KB Investment Co., Ltd. | KB Investment Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 60 | 60 | July 13, 2022 | 2.571% | July 12, 2023 |
|  Note: | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. |
|  |  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Name | Relationship | Account | Loan Amount | Current<br>Balance | Credit Offering<br>Date | Interest<br>Rate | Maturity Date |
|  KB Credit Information Co., Ltd. | KB Credit Information Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 7 | 7 | October 7, 2022 | 2.401% | October 6, 2023 |
|  Note: | (1) Unsecured credit loans. |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Name | Relationship | Account | Loan Amount | Current<br>Balance | Credit Offering<br>Date | Interest<br>Rate | Maturity Date |
|  KB Credit Information Co., Ltd. | KB Credit Information Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 6.5 | 6.5 | December 9, 2022 | 2.399% | October 6, 2023 |
|  Note: | (1) Unsecured credit loans. |  |  |  |  |  |  |  |

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##### [**Table of Contents**](#toc)

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | | |  | (Unit: in billions of Won) | (Unit: in billions of Won) |
| Name | Name | Relationship | Account | Loan Amount | Current<br>Balance | Credit Offering<br>Date | Interest<br>Rate | Maturity Date |
|  KB Capital Co., Ltd. | KB Capital Co., Ltd. | Subsidiary | Loans<sup>(1)</sup> | 200 | 200 | November 25, 2022 | 2.401% | November 24, 2023 |
|  Note: | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. | (1) Unsecured credit loans. |

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##### [**Table of Contents**](#toc)
**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.

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| | | |
|:---|:---|:---|
|  | KB Financial Group Inc. | KB Financial Group Inc. |
|  | (Registrant) | (Registrant) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: March 16, 2023 | By: /s/ Scott Y. H. Seo | By: /s/ Scott Y. H. Seo |
|  | (Signature) | (Signature) |
|  | Name: | Scott Y. H. Seo |
|  | Title: | Senior Executive Vice President and Chief Finance Officer |

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