In response to the diverse changes taking place in the Financial environment worldwide, KB Financial Group came into being with the establishment of KB Financial Holding Inc. on Sept. 29, 2008, made possible by the comprehensive transfer of the stocks of a major subsidiary.
The group is Korea’s largest and leading provider of a comprehensive range of financial services, and we have the farthest-ranging customer basis and network of branches in Korea. KB Financial Holding’s subsidiaries include KB Kookmin Bank, KB Insurance, Hyundai Securities, KB Kookmin Card, KB Investment & Securities, KB Life Insurance, KB Asset Management, KB Capital, KB Savings Bank, KB Real Estate Trust, KB Investment, KB Credit Information, and KB Data systems.
Aspiring toward becoming among “Asia Top 10, Global Top 50” under the vision of “global financial group leading the Asian financial industry,” KB Financial Group has launched a phase-by-phase strategy. First, through 2017, the Group will continue to consolidate the basis for becoming a global leader of finance by securing a distinctive competitive edge, and recover its leadership in the domestic financial market by 2020 with profit expansion through stable asset growth and improved portfolios. Consequently, the group is committed to gathering its competencies to predominate the Asian financial market by 2023.
KB Financial Group provides services related to corporate governance, corporate information and IR via its website in real time, and strives to open up important information on corporate management through the Financial Supervisory Service and Korea Exchange.
Six committees execute checks and balances on executive management and non-executive directors.
They are the audit committee; risk management committee; evaluation and compensation committee; non-executive director nominating committee; audit committee member nominating committee; and the corporate governance committee.
KB Financial Group improves management transparency with the non-executive director evaluation system, executes education on general services to strengthen substantial monitoring capability to the company, and strengthens the advisory function of management’s long-term vision and strategy.
KB Financial Group provides the animation of general shareholders meeting in the company web site to protect the shareholders' rights. KB Financial Group reflects minority shareholders’ intentions through a cumulative voting system in writing .
“We will strengthen our competitiveness to regain Kookmin Bank’s reputation as the leading bank and lay out a platform for sustainable growth of non-banking business, accordingly setting forth a solid turning point to reclaim Group’s stature as the leading financial group,” the group said. “To this end, we will direct all of our competencies towards undertaking the following three tasks.”
First, KB Financial Group will regain its pride as the leading financial group.
“We will pursue sales-oriented business management with new spirit imbued across the organization and cultivate a dynamic corporate culture that values and rewards those who take on challenges,” according to the company.
Second, KB Financial Group says it will devote itself to making efforts toward restoring customer trust.
“We will rationalize and realign existing systems and processes from customers’ perspective, and brace for a new resolve to ensure that change in the organization is appreciated by our customers.”
Third, KB Financial Group will strengthen its competitiveness through business differentiation.
“We will leverage our strength in retail banking to extend market leadership, and seamlessly seek and secure new sources of growth. We will also work hard to preemptively respond to fast changing environment.”
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