KB Financial Group, Inc. is a financial services company based in Seoul, South Korea. It was founded in 2008 as a result of a merger between Kookmin Bank and Korea Exchange Bank, and has since grown to become one of the largest banking groups in the country. The company operates through its subsidiaries in banking, securities, asset management, and life insurance.
KB Financial Group's primary business is commercial banking, with Kookmin Bank being the flagship subsidiary. The bank offers a range of financial products and services to both individuals and businesses, including deposits, loans, credit cards, and insurance. In addition to its domestic operations, Kookmin Bank has a global presence with branches and offices in over 20 countries.
In the securities sector, KB Financial Group operates through its subsidiary, KB Securities. The company offers a variety of investment banking services, including underwriting, brokerage, and trading of securities. KB Securities also provides research and advisory services to help clients make informed investment decisions.
KB Financial Group's asset management arm, KB Asset Management, offers a range of investment products to both retail and institutional clients. These include mutual funds, retirement savings plans, and discretionary investment management services. The company also offers real estate investment trusts (REITs) and private equity funds.
Finally, KB Financial Group operates a life insurance subsidiary, KB Life Insurance. The company offers a range of life insurance and annuity products to customers in Korea. KB Life Insurance has a strong distribution network, with over 1,000 sales offices and over 20,000 agents throughout the country.