KB Financial Group has become the only Korean financial company to win the “Gold Class,” the highest grade in the banking industry, at the 2022 Sustainability Awards held by S&P Global.
Based on the results of the Dow Jones Sustainable Management Index (DJSI), S&P Global selects excellent companies in each industry by dividing them into Gold Class, Silver Class and Bronze Class.
Gold Class consists of companies with the highest grade. They belong to the top one percent of those in the Dow Jones Sustainable Management Index (DJSI) evaluation results. Only 75 of the 7,554 evaluated companies were selected.
In the banking industry category, the honor was bestowed to only three financial institutions — KB Financial Group of Korea, Banco Bilbao Vizcaya Argentina of Spain and Kasikorn Bank of Thailand picked up the Gold Class.
“The Gold Class honor suggests that the world recognized KB’s non-financial efforts for sustainable management as well as financial performances,” a KB Financial Group official said. “We will continue to take the initiative in ESG management.”
Prior to this, KB Financial Group earned the highest grades in all three global evaluations — the 2021 Dow Jones Sustainable Management Index (DJSI), Morgan Stanley Capital International (MSCI) ESG Evaluation and the Carbon Disclosure Project (CDP).
Yoon Jong-kyu, chairman of KB Financial Group, greets top executives after finishing the Group Management Strategy Meeting for the first half of 2022.
2022 KB Real Estate Report
KB Financial Group published the 2022 KB Real Estate Report on Feb. 20, which reviews the real estate market last year and forecasts the real estate market for 2022.
The KB Real Estate Report, which has been published since 2018, has predicted the real estate market by analyzing major real estate-related issues and diagnosing changes in the market.
In particular, it is characterized by a survey of real estate market experts, 500 real estate agencies across the nation and KB Kookmin Bank PB customers.
The report selected key issues in the domestic housing market for 2022. They were the lease market after the introduction of a new lease act, differentiation in the local housing market, the burden of holding taxes on those with multiple houses and the possibility of their increasing house sales and the government’s housing supply plan and elections.
Looking at the main contents of the survey, 64 percent of real estate experts predicted a rise in housing sales prices nationwide in 2022, but 63 percent of brokerage houses forecast a fall in them.
The 2022 KB Real Estate Report consists of five parts — 2021 Housing Market Diagnosis and Major Issues, Real Estate Market Survey, Examination of Housing Market in Seoul Metropolitan Area, Review of Commercial Real Estate Market in 2021 and Outlook on Market for 2022 and Possibility of Bubble in Housing Market Due to Big Price Hikes.
Donation Service for Forest Fire Victims
KB Financial Group announced on March 11 that it has launched a donation service for forest fire victims to help them recover from fire-related damage on the nation’s east coast.
Customers using KB Kookmin Bank who wish to donate will be able to participate in the donation beginning from March 11 through Star Banking, Internet and phone banking, as well as via ATMs.
KB Securities customers can participate through the Mobile Trading System (MTS), the Home Trading System (HTS), and the company’s website.
The donations collected for three weeks until March 31 will be directly delivered to the National Disaster Relief Association and used for the restoration of forest fire-damaged areas and support projects for local residents in fire-stricken areas.
Donated money will be recognized as donations in the National Tax Service’s year-end tax adjustment system.
“We have launched the service to help residents hit hard by the forest fires return to their normal daily lives as soon as possible,” said an official of KB Financial Group.
“Those who wish to donate money can participate non-face-to-face anytime, anywhere without limitations.”
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