KB Financial Group will continue to do everything it can to elevate its total shareholder return rate, including dividend payout ratio to enhance shareholder value, KB Financial Group Chairman Yang Jong-hee said at the 17th Annual General Meeting of Shareholders.
The meeting was held at KB Kookmin Bank’s Yeouido Headquarters in Seoul on March 26.
“The unwavering trust and encouragement of our shareholders and customers enabled KB Financial Group to achieve good results despite tough business environments in 2024,” Chairman Yang said.
“We will steadily strive to solidify our position as a leading financial group not only in terms of financial performances but also in terms of enhancing corporate value.”
The Annual General Meeting took the wraps off a blueprint for KB Financial Group’s six mid- to long-term strategies for 2025 in the Annual General Meeting.
“KB Financial Group will enhance the efficiency and speed of its business activities by following basic principles of the group’s growth and profitability management in terms of capital efficiency,” Chairman Yang emphasized.
“At the same time, we will strengthen our customer base in the wealth management (WM) and small and medium-sized enterprise (SME) sectors and build a stable management system globally to sharpen our competitiveness in core businesses.”
“In non-financial businesses and ESG, KB Financial Group will quickly sort out what KB can do well and cannot and actively invest in areas where we can excel and deliver meaningful business results in a short time,” Yang said.
“In the face-to-face channel, we will create a branch model optimized for future sales environments and quickly introduce the latest technologies to provide better experiences to our customers,” Yang added.
“What’s more, we will boost our work efficiency by advancing our data-driven workforce management system and establish a thorough monitoring system through the digitization of internal control.”
MOU with GSMA for Strategic Collaboration in ICT and Finance
KB Financial Group signed a memorandum of understanding (MOU) with the Global Mobile Operators Association (GSMA) in Barcelona, Spain, on March 5.
The GSMA organizes the World Mobile Congress (MWC), the world’s largest mobile communications show,
The signing ceremony was attended by Sarah Wiggin, vice president of the GSMA and Lee Chang-kwon, head of Digital & IT at KB Financial Group.
They agreed to strengthen cooperation in digital financial innovation and mobile technology.
The GSMA is an international industry association of the world’s leading wireless carriers and their related companies.
Innovation through Convergence of Finance and Telecommunications at MWC25
KB Financial Group announced that its chairman visited the booths of Korea’s leading telecommunications companies SKT, KT, LG U+, Samsung Electronics, Microsoft and IBM at the MWC25.
Chairman Yang decided to see new technologies and services developed by Korean telecommunications companies in one place, and to learn about the innovative technologies of global leaders and lay the foundation for cooperation with them by visiting the MWC venue.
KB Financial Chairman Yang met with KT CEO Kim Young-seop at the MWC to discuss ways to create synergies by utilizing the strengths of both companies as KB Financial Group is a leader in the Korean financial industry and KT is a major Korean wireless carrier.
After listening to the latest technologies and services of each telecommunications company, Yang expressed his intention to create innovative financial services through active cooperation with Korean and foreign ICT companies as digital transformation is becoming a core competitiveness of the financial industry.
In addition to telecommunication companies, the KB Financial Group delegation also visited leading global IT giants such as Samsung Electronics, IBM, Microsoft, and Google to gain insights for establishing digital business strategies.
At the meeting with IBM, a global technology innovator, the delegation met with Mohamad Ali, senior vice president of IBM, to discuss in-depth about work automation agents using generative AI and explore ways to streamline work and boost business performance.
_kb금융 17기 정기주주총회02.jpg)
