6-K 1 d701148d6k.htm FORM 6-K FORM 6-K

 

 

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 2014

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s 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    .

 

 

 

Results of the Annual General Meeting of Shareholders

of KB Financial Group Inc. for Fiscal Year 2013

On March 28, 2014, KB Financial Group Inc. held its annual general meeting of shareholders for fiscal year 2013, and all of the four agenda items listed below were approved and ratified as originally proposed.

 

  •   Agenda:

 

  1) Approval of financial statements and the proposed dividend payment for fiscal year 2013

 

  2) Appointment of non-executive directors

 

  3) Appointment of members of the Audit Committee, who are non-executive directors

 

  4) Approval of the aggregate remuneration limit for directors

Details of Approved Agenda Items

 

  •   Key items of the approved financial statements for fiscal year 2013

 

  •   Consolidated financial statements for fiscal year 2013*

 

     (In millions of Won,
except per share amounts)		  

Total assets

      291,838,155   

Total liabilities

      266,185,324   

Capital stock

      1,931,758   

Total shareholders’ equity

      25,652,831   

Total operating revenue**

      22,597,188   

Net Operating profit

      2,026,992   

Profit attributable to shareholders of the parent company

      1,260,509   

Basic earnings per share (Won)

      3,263   

 

* Based on the International Financial Reporting Standards as adopted by the Republic of Korea
** Represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit and loss, and other operating income.

 

  •   Separate financial statements for fiscal year 2013*

 

     (In millions of Won,
except per share amounts)		  

Total assets

      18,664,542   

Total liabilities

      616,120   

Capital stock

      1,931,758   

Total shareholders’ equity

      18,048,422   

Total operating revenue**

      285,898   

Operating profit

      196,749   

Profit for the year

      195,826   

Basic earnings per share (Won)

      507   

* Based on the International Financial Reporting Standards as adopted by the Republic of Korea
** Represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit and loss, and other operating income.

 

  •   Declaration of Dividends

A cash dividend of KRW 500 per common share was declared (total dividend amount: KRW 193,175,846,500).

 

  •   Appointed Directors and Audit Committee Members

 

  •   Number of newly appointed or re-appointed non-executive directors: 8

 

  •   Number of newly appointed or re-appointed members of the Audit Committee: 5

 

  •   Total Number of Directors and Audit Committee Members Following Appointment

 

  •   Directors: 10 (9 non-executive directors)

 

  •   Members of the Audit Committee, who are non-executive directors: 5

Details regarding newly appointed or re-appointed non-executive directors

 

Name

(Date of Birth)

   

Current

Position

   

Career

   

Education

    Nationality      Term of
Office		  

Jae Ho Cho

(New appointment)

(01/18/1955)

    Professor, Seoul National University   

•     Outside Director, SK Telecom Co., Ltd.

•     Director, Kyung Hee Foundation

•     Chair, Capital Markets Division, Committee for Financial Developments of Korea

•     Visiting professor, University of Tokyo

•     Assistant professor, Baruch College, City University of New York

   

•     Ph.D. in Finance, Wharton School, University of Pennsylvania

•     M.B.A. in Finance, Wharton School, University of Pennsylvania

•     B.A. in Business Administration, Seoul National University

     
 		 Republic
of Korea		   
  		      2years   

Myung Jig Kim

(New appointment)

(10/19/1959)

   

Professor, Hanyang University

 

Dean, College of Economics and Finance, Hanyang University

   

•     Non-Executive Director, Meritz Financial Group, Inc.

•     President, Korean Securities Association

•     Editor, Asia-Pacific Journal of Financial Studies

•     Vice President, Korean Finance Association

•     Assistant and Associate Professor, University of Alabama

   

•     Ph.D. in Economics, University of Washington

•     M.A. in Economics, University of Washington

•     B.A. in Economics, Hanyang University

     
 		 Republic
of Korea		   
  		      2 years   

Name

(Date of Birth)

   

Current

Position

   

Career

   

Education

    Nationality    Term of
Office

Sung Hwan Shin

(New appointment)

(02/17/1963)

    Professor, Hongik University   

•     Head of Public Fund Evaluation Bureau, Ministry of Strategy and Finance

•     Senior Advisor, Korea Fixed Income Research Institute

•     President, Korean Pension Association

•     Senior Financial Officer, World Bank

•     Research fellow, Korea Institute of Finance

   

•     Ph.D. in Finance, Sloan School of Management, Massachusetts Institute of Technology

•     M.B.A., Sloan School of Management, Massachusetts Institute of Technology

•     B.A. in Economics, Seoul National University

    Republic
of Korea		    2 years

Kyung Jae Lee

(Re-appointment)

(01/30/1939)

    -   

•     CEO, Industrial Bank of Korea

•     CEO, Korea Financial Telecommunications & Clearing Institute

•     Director and Auditor,
Bank of Korea

   

•     Ph.D. in Economics, Kookmin University

•     M.A. in Economics,
New York University

•     B.A. in Economics, Seoul National University

    Republic
of Korea		    1 year

Young Jin Kim

(Re-appointment)

(12/11/1949)

    Professor, Seoul National University   

•     Outside Director, Samsung Asset Management

•     Director, Korea Stock Exchange

•     President, Korean Finance Association

   

•     D.B.A. in Finance, Graduate School of Business, Indiana University

•     M.B.A., Columbia University

•     B.A. in Business Administration, Seoul National University

    Republic
of Korea		    1 year

Kun Ho Hwang

(Re-appointment)

(01/23/1951)

    -   

•     Visiting Professor, Seoul National University

•     Chairman & CEO, Korea Financial Investment Association

•     President & CEO, Meritz Securities Co., Ltd.

•     Deputy President, Daewoo Securities Co., Ltd.

   

•     M.A. in Economics, Rutgers University

•     B.A. in Business Administration, Seoul National University

    Republic
of Korea		    1 year

Jong Cheon Lee

(Re-appointment)

(02/03/1951)

    Professor, Soongsil University   

•     Chief Director, Korea Institute for Firm Contribution

•     Chairman, Korean Accounting Association

•     Non-Standing Director, Korea Gas Corporation

•     Member of Advisory Committee, Ministry of Finance and Economy

   

•     Ph.D. in Accounting, University of Illinois

•     M.B.A., Seoul National University

•     B.A. in Business Administration, Seoul National University

    Republic
of Korea		    1 year

Name

(Date of Birth)

   

Current

Position

   

Career

   

Education

    Nationality    Term of
Office

Seung Hee Koh

(Re-appointment)

(06/26/1955)

   

Professor,

Sookmyung

Women’s

University

   

•     Advisor, Fair Trade Commission of Korea

•     Vice President, Management Accounting Association of Korea

•     Non-Executive Director, United Asset Management Company

   

•     Ph.D. in Business Administration, University of Oklahoma

•     M.B.A., Indiana University

•     B.A. in Business Administration, Seoul National University

    Republic
of Korea		    1 year

Details regarding newly appointed or re-appointed members of the Audit Committee, who are non-executive directors

 

Name

(Date of Birth)

   

Current

Position

   

Career

   

Education

    Nationality    Term of
Office

Sung Hwan Shin

(New appointment)

(02/17/1963)

    Professor, Hongik University   

•     Head of Public Fund Evaluation Bureau, Ministry of Strategy and Finance

•     Senior Advisor, Korea Fixed Income Research Institute

•     President, Korean Pension Association

•     Senior Financial Officer, World Bank

•     Research fellow, Korea Institute of Finance

   

•     Ph.D. in Finance, Sloan School of Management, Massachusetts Institute of Technology

•     M.B.A., Sloan School of Management, Massachusetts Institute of Technology

•     B.A. in Economics, Seoul National University

    Republic
of Korea		    1 year

Kyung Jae Lee

(Re-appointment)

(01/30/1939)

    -   

•     CEO, Industrial Bank of Korea

•     CEO, Korea Financial Telecommunications & Clearing Institute

•     Director and Auditor,
Bank of Korea

   

•     Ph.D. in Economics, Kookmin University

•     M.A. in Economics,
New York University

•     B.A. in Economics, Seoul National University

    Republic
of Korea		    1 year

Young Jin Kim

(Re-appointment)

(12/11/1949)

    Professor, Seoul National University   

•     Outside Director, Samsung Asset Management

•     Director, Korea Stock Exchange

•     President, Korean Finance Association

   

•     D.B.A. in Finance, Graduate School of Business, Indiana University

•     M.B.A., Columbia University

•     B.A. in Business Administration, Seoul National University

    Republic
of Korea		    1 year

Name

(Date of Birth)

   

Current

Position

   

Career

   

Education

    Nationality    Term of
Office

Jong Cheon Lee

(Re-appointment)

(02/03/1951)

    Professor, Soongsil University   

•     Chief Director, Korea Institute for Firm Contribution

•     Chairman, Korean Accounting Association

•     Non-Standing Director, Korea Gas Corporation

•     Member of Advisory Committee, Ministry of Finance and Economy

   

•     Ph.D. in Accounting, University of Illinois

•     M.B.A., Seoul National University

•     B.A. in Business Administration, Seoul National University

    Republic
of Korea		    1 year

Seung Hee Koh

(Re-appointment)

(06/26/1955)

   

Professor,

Sookmyung

Women’s

University

   

•     Advisor, Fair Trade Commission of Korea

•     Vice President, Management Accounting Association of Korea

•     Non-Executive Director, United Asset Management Company

   

•     Ph.D. in Business Administration, University of Oklahoma

•     M.B.A., Indiana University

•     B.A. in Business Administration, Seoul National University

    Republic
of Korea		    1 year

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 28, 2014

    

By: /s/ Woong-Won Yoon

   

(Signature)

   

Name:    Woong-Won Yoon

   

Title:      Deputy President & CFO