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 March 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 ☐

 

 

 


Termination of Trust Agreement for Acquisition of Treasury Shares

KB Financial Group Inc. (“KB Financial Group”) announced on March 4, 2025 that the trust agreement it had entered into on August 26, 2024 (the “Trust Agreement”) to acquire treasury shares has been terminated.

 

     
Total Contract Amount (KRW)    Before Termination      400,000,000,000 
   After Termination      0 
     
Contract Period (Before Termination)    Effective Date      August 26, 2024
   Termination Date      March 4, 2025
   
Reason for Termination      Expiration of the term of the Trust Agreement
   
Counterparty      Samsung Securities Co., Ltd.
   
Expected Date of Termination      March 4, 2025
   
Method of Return of Trust Properties upon Termination      Return of cash and treasury shares
       
Number of Treasury Shares Held Prior to Termination    Acquisitions from Profits Available for Dividend    Common Shares (percentage)      22,627,704 shares (5.75%)
   Other Shares      — 
   Other Acquisitions    Common Shares (percentage)      — 
   Other Shares      — 
   
Date of Resolution by the Board of Directors      — 
     
Number of Treasury Shares subject to Termination    Common Shares      4,575,874 shares
   Other Shares      — 
     
Expected Post-Termination Holding Period    Common Shares      From March 4, 2025 to May 15, 2025
   Other Shares      — 
   
Other Matters to Consider Before Making an Investment Decision     

–  Pursuant to Article 176-2 of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of Korea, no separate resolution of the board of directors is required as the Trust Agreement is being terminated upon the expiration of the term of the Trust Agreement.

 

–  The number of treasury shares acquired upon termination of the Trust Agreement is 4,575,874, which will be deposited into KB Financial Group’s corporate account and held from the effective date of termination until May 15, 2025, the scheduled share cancellation date is subject to change based on the outcome of consultations with the relevant authorities.


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: March 4, 2025   By:  

/s/ Sang Rock Na

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

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