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 November 2015
Commission File Number: 000-53445
KB Financial Group Inc.
(Translation of registrants name into English)
84, Namdaemoon-ro, Jung-gu, Seoul 100-703, 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 x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-N/A.
Acquisition of Shares of KB Insurance Co., Ltd.
On November 18, 2015, the board of directors of KB Financial Group Inc. (KB Financial Group) passed a resolution to approve the acquisition of treasury shares of KB Insurance Co., Ltd. (KB Insurance), a subsidiary of KB Financial Group. The key details of the acquisition are as follows:
| Number of shares to be acquired: 8,290,179 |
| Purchase price (KRW): 230,881,485,150 |
| Ratio of purchase price to total equity of KB Financial Group: 0.84%, based on total equity of KRW 27,512,672,452,010 of KB Financial Group as of December 31, 2014. |
| Purpose of share acquisition: Management participation |
| Total number of shares to be owned by KB Financial Group following the acquisition: 19,972,759 (representing 33.29% of KB Insurances total issued shares) |
| Expected date of transaction: November 19, 2015 (subject to change) |
| Key financial data of KB Insurance: |
Period |
Total assets |
Total liabilities |
Total equity |
Share capital |
Operating revenue |
Net income |
||||||||||||||||||
(in millions of Won) | ||||||||||||||||||||||||
FY2014 |
23,928,669 | 22,143,817 | 1,784,852 | 30,000 | 10,877,805 | 138,781 | ||||||||||||||||||
FY2013 |
20,637,167 | 19,134,786 | 1,502,381 | 30,000 | 8,365,796 | 117,202 | ||||||||||||||||||
FY2012 |
18,882,727 | 17,288,117 | 1,594,610 | 30,000 | 10,666,032 | 200,404 |
* | Note: On a consolidated basis. |
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: November 18, 2015 |
By: | /s/ Jong-Hee Yang | ||||
(Signature) | ||||||
Name: | Jong-Hee Yang | |||||
Title: | Deputy President |