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 February 2025

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s name into English)

 

 

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, Korea

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form  40-F ☐

 

 

 

Resolution for the Cancellation of Treasury Shares

On February 5, 2025, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to cancel certain of its shares of common stock, which KB Financial Group plans to acquire as treasury shares prior to such cancellation pursuant to the announcement on Form 6-K dated February 5, 2025. The details are as follows:

 

Type and Number of Shares to be Cancelled    Common Shares    5,695,509 shares
   Other Shares    — 
Total Number of Shares Issued    Common Shares    393,528,423 shares
   Other Shares    — 
Par Value per Share    KRW 5,000
Estimated Amount of Shares to be Cancelled    KRW 520,000,000,000
Scheduled Period of Acquisition of Treasury Shares for Cancellation    From    February 6, 2025
   To    May 5, 2025
Method of Acquisition of Shares to be Cancelled    Purchase on the stock exchange (KRX)
Scheduled Date of Cancellation    To be determined
Brokerage Company Appointed for the Share Acquisitions    KB Securities Co., Ltd.
Date of Resolution by the Board of Directors    February 5, 2025
Obligation to Report to the Korea Fair Trade Commission    Not applicable
Other Material Information for an Investment Decision   

•  Legal basis for the cancellation of treasury shares: Article 343-1 of the Korean Commercial Code.

 

•  The cancellation of these shares constitutes the cancellation of treasury shares acquired within the limits of profits available for dividends, and as such, there will be no reduction in the paid-in capital of KB Financial Group.

 

•  The above “Estimated Amount of Shares to be Cancelled” has been calculated as of the date of the resolution of the board of directors, while the “Type and Number of Shares to be Cancelled” and “Estimated Amount of Shares to be Cancelled” are calculated based on the closing price of the common shares of KB Financial Group as of February 4, 2025 (one day prior to the date of the resolution of the board of directors). The actual number of shares to be cancelled is subject to change depending on fluctuations in share price.

     

 

•  The starting date for the “Scheduled Period of Acquisition of Treasury Shares for Cancellation” above represents the day after the date of resolution by the board of directors, and may not reflect the actual date the acquisitions begin.

 

•  KB Financial Group plans to cancel the treasury shares following the completion of the acquisition of the treasury shares. For detailed information regarding the acquisition of the treasury shares, please refer to the Form 6-K titled “Resolution for Acquisition of Treasury Shares” of KB Financial Group furnished on February 5, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

KB Financial Group Inc.

    (Registrant)
Date: February 5, 2025     By:  

/s/ Sang Rock Na

    (Signature)
    Name: Sang Rock Na
    Title: Managing Director and Chief Financial Officer
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