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Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of subsidiaries [abstract]  
Summary of Interests In Subsidiaries Explanatory
41.1 Details of major consolidated subsidiaries as of December 31, 2023, are as follows:
 
Investor
 
Investee
 
Ownership
(%)
   
Location
 
Date of
financial
statements
 
Industry
KB Financial Group Inc.
  Kookmin Bank     100.00     Korea  
Dec
. 31
  Banking and foreign exchange transaction
  KB Securities Co., Ltd.     100.00     Korea  
Dec
. 31
  Financial investment
  KB Insurance Co., Ltd.     100.00     Korea  
Dec
. 31
  Non-life insurance
  KB Kookmin Card Co., Ltd.     100.00     Korea  
Dec
. 31
  Credit card and installment financing
 
KB Life Insurance Co., Ltd.
1
    100.00     Korea  
Dec
. 31
  Life insurance
  KB Asset Management Co., Ltd.     100.00     Korea  
Dec
. 31
  Collective investment and advisory
  KB Capital Co., Ltd.     100.00     Korea  
Dec
. 31
  Financial Leasing
  KB Real Estate Trust Co., Ltd.     100.00     Korea  
Dec
. 31
  Real estate trust management
  KB Savings Bank Co., Ltd.     100.00     Korea  
Dec
. 31
  Savings banking
  KB Investment Co., Ltd.     100.00     Korea  
Dec
. 31
  Capital investment
  KB Data System Co., Ltd.     100.00     Korea  
Dec
. 31
  Software advisory, development, and supply
Kookmin Bank
 
KB PRASAC Bank Plc.
3
    100.00     Cambodia  
Dec
. 31
  Banking and foreign exchange transaction
  Kookmin Bank (China) Ltd.     100.00     China  
Dec
. 31
  Banking and foreign exchange transaction
  KB Microfinance Myanmar Co., Ltd.     100.00     Myanmar  
Dec
. 31
  Microfinance services
  PT Bank Syariah Bukopin     95.92     Indonesia  
Dec
. 31
  Banking
  PT Bukopin Finance     99.24     Indonesia  
Dec
. 31
  Installment financing
  KB Bank Myanmar Co., Ltd.     100.00     Myanmar  
Dec
. 31
  Banking and foreign exchange transaction
Kookmin Bank, KB Kookmin Card Co., Ltd., KB Securities Co., Ltd., KB Insurance Co., Ltd., KB Capital Co., Ltd.
  PT Bank KB Bukopin, Tbk.     67.57
2
 
  Indonesia  
Dec
. 31
  Banking and foreign exchange transaction
KB Securities Co., Ltd.
  KBFG Securities America Inc.     100.00     United States  
Dec
. 31
  Investment advisory and securities trading
  KB Securities Hong Kong Ltd.     100.00     China  
Dec
. 31
  Investment advisory and securities trading
  KB Securities Vietnam Joint Stock Company     99.81     Vietnam  
Dec
. 31
  Investment advisory and securities trading
  KB FINA Joint Stock Company     77.82     Vietnam  
Dec
. 31
  Investment advisory and securities trading
  PT KB VALBURY SEKURITAS     65.00     Indonesia  
Dec
. 31
  Investment advisory and securities trading
  PT.KB Valbury Capital Management     79.00     Indonesia  
Dec
. 31
  Financial investment
KB Insurance Co., Ltd.
  Leading Insurance Services, Inc.     100.00     United States  
Dec
. 31
  Management service
  KBFG Insurance(China) Co., Ltd.     100.00     China  
Dec
. 31
  Non-life insurance
  PT. KB Insurance Indonesia     70.00     Indonesia  
Dec
. 31
  Non-life insurance
  KB Claims Survey & Adjusting     100.00     Korea  
Dec
. 31
  Claim service
  KB Sonbo CNS     100.00     Korea  
Dec
. 31
  Management service
  KB Healthcare Co., Ltd.     100.00     Korea  
Dec
. 31
  Information and communication
 
Investor
 
Investee
 
Ownership
(%)
   
Location
 
Date of
financial
statements
 
Industry
KB Life Insurance Co., Ltd.
1
  KB Life Partners Co., Ltd.     100.00     Korea  
Dec
. 31
  Insurance agent
 
KB Golden Life Care Co., Ltd.
4
    100.00     Korea  
Dec
. 31
  Service
KB Kookmin Card Co., Ltd.
  KB Credit Information Co., Ltd.     100.00     Korea  
Dec
. 31
  Collection of receivables or credit investigation
  KB Daehan Specialized Bank Plc.     97.45     Cambodia  
Dec
. 31
  Auto Installment finance
  PT. KB Finansia Multi Finance     80.00     Indonesia  
Dec
. 31
  Auto Installment finance
  KB J Capital Co., Ltd.     77.40     Thailand  
Dec
. 31
  Service
  i-Finance Leasing Plc.     100.00     Cambodia  
Dec
. 31
  Leasing
KB Capital Co., Ltd.
  PT Sunindo Kookmin Best Finance     85.00     Indonesia  
Dec
. 31
  Auto Installment finance
  Teamwink Inc.     95.95     Korea  
Dec
. 31
  E-commerce
KB Kookmin Card Co., Ltd. KB Capital Co., Ltd.
  KB KOLAO Leasing Co., Ltd.     80.00     Laos  
Dec
. 31
  Auto Installment finance
Kookmin Bank, KB Data System Co., Ltd.
  PT KB Data Systems Indonesia     100.00     Indonesia  
Dec
. 31
  Service
KB Asset Management Co., Ltd.
  KBAM Shanghai Advisory Services Co., Ltd.     100.00     China  
Dec
. 31
  General advisory
  KB Asset Management Singapore PTE. LTD.     100.00     Singapore  
Dec
. 31
  Collective investment
 
1
 
Prudential Life Insurance Company of Korea Ltd. has changed its name into KB Life Insurance Co., Ltd.
2
 
Among the ownership in PT Bank KB Bukopin, Tbk., 0.05% (100,000,000 shares) is
no-voting
shares with
no-dividends.
3
 
On September 1, 2023, PRASAC Microfinance Institution PLC.(merging entity), a subsidiary of Kookmin Bank Co., Ltd., merged with Kookmin Bank Cambodia PLC.(merged entity), issuing 20,272,296 shares in exchange for the transfer consideration. The official name of PRASAC Microfinance Institution PLC.(merging entity) has changed to KB PRASAC BANK PLC.
4
In October 2023, KB Golden Life Care Co., Ltd. was changed from a subsidiary of KB Insurance Co., Ltd. to a subsidiary of KB Life Insurance Co., Ltd.
41.2 Details of consolidated structured entities as of December 31, 2023, are as follows:
 
    
Consolidated structured entities
  
Reasons for consolidation
Trusts
   Kookmin Bank (development trust) and 10 others    The Group controls the trust because it has power to determine management performance of the trust and is significantly exposed to variable returns that absorb losses through the guarantees of payment of principal, or payment of principal and fixed rate of return.
 
    
Consolidated structured entities
  
Reasons for consolidation
Asset-backed securitization
   Taejon Samho The First Co., Ltd. and 105 others    The Group controls these investees because it has power over relevant activities in the event of default, is significantly exposed to variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt and has ability to affect those returns through its power.
Investment funds and others
   KB Global Platform Fund No.2 and 207 others    Funds are consolidated if the Group, as a collective investor or operating manager (member), etc., can manage fund assets on behalf of other investors, or dismiss the collective investor and operating manager, and is substantially exposed to significant variable returns or has such rights.
If the Group holds more than half of the ownership interests but does not have the power over relevant activities of structured entities in accordance with agreements with trust and other related parties, those structured entities are excluded from the consolidation.
Summary of Condensed Financial Information of Subsidiaries
41.3 Condensed financial information of major subsidiaries as of and for the years ended December 31, 2022 and 2023, are as follows:
 
   
December 31, 2022
   
2022
 
   
Assets
   
Liabilities
   
Equity
   
Operating
revenue
3
   
Profit (loss)
attributable to
shareholders
of the Parent
Company
   
Total
comprehensive
income (loss)
attributable to
shareholders
of the Parent
Company
 
   
(In millions of Korean won)
 
Kookmin Bank
1
  517,769,512     484,046,253     33,723,259     49,436,046     2,996,015     1,856,632  
KB Securities Co., Ltd.
1,2
    53,824,246       47,946,933       5,877,313       14,264,399       187,784       263,605  
KB Insurance Co., Ltd.
1,2
    34,743,259       29,017,684       5,725,575       11,119,856       557,219       1,097,725  
KB Kookmin Card Co., Ltd.
 1
    29,721,017       24,998,215       4,722,802       3,694,352       378,592       412,208  
KB Life Insurance Co., Ltd.
 1,2,3,4
    20,924,583       17,728,052       3,196,531       2,063,884       (120,448     765,785  
KB Life Insurance Co., Ltd.
3
    9,065,100       8,444,355       620,745       898,808       37,070       (281,849
KB Asset Management Co., Ltd. 
1
    369,488       102,970       266,518       233,293       59,345       59,367  
KB Capital Co., Ltd.
1,2
    16,053,026       13,946,800       2,106,226       1,906,694       217,139       209,808  
KB Real Estate Trust Co., Ltd.
    518,980       113,444       405,536       152,686       67,723       68,714  
KB Savings Bank Co., Ltd.
    3,138,543       2,854,549       283,994       191,337       21,814       21,897  
KB Investment Co., Ltd.
1
    1,378,550       1,108,264       270,286       161,210       4,807       4,805  
KB Data System Co., Ltd.
1
    63,645       40,570       23,075       233,320       3,162       4,546  
KB Credit Information Co., Ltd.
 5
    42,219       24,923       17,296       36,469       484       924  
 
   
December 31, 2023
   
2023
 
   
Assets
   
Liabilities
   
Equity
   
Operating
revenue
   
Profit (loss)
attributable to
shareholders
of the Parent
Company
   
Total
comprehensive
income (loss)
attributable to
shareholders
of the Parent
Company
 
   
(In millions of Korean won)
 
Kookmin Bank
1
  530,012,853     493,464,126     36,548,727     45,032,120     3,261,499     3,889,625  
KB Securities Co., Ltd.
1,2
    61,266,990       54,967,833       6,299,157       11,580,526       389,618       389,602  
KB Insurance Co., Ltd.
1,2
    37,729,688       31,474,132       6,255,556       11,864,879       752,901       879,534  
KB Kookmin Card Co., Ltd.
 1
    29,365,575       24,545,752       4,819,823       4,205,146       351,133       307,336  
KB Life Insurance Co., Ltd.
 1,2,3,4
    31,953,218       27,823,185       4,130,033       2,628,109       82,233       432,188  
KB Asset Management Co., Ltd. 
1
    377,919       109,645       268,274       204,202       61,525       61,756  
KB Capital Co., Ltd.
1,2
    16,560,800       14,300,771       2,260,029       2,295,471       186,505       182,075  
KB Real Estate Trust Co., Ltd.
1
    859,408       573,348       286,060       148,763       (84,073     (84,476
KB Savings Bank Co., Ltd.
    2,661,999       2,468,223       193,776       234,197       (90,568     (90,430
KB Investment Co., Ltd.
1
    1,544,836       1,265,361       279,475       154,287       9,187       9,188  
KB Data System Co., Ltd.
1
    61,508       40,616       20,892       230,825       125       (1,594
 
1
Financial information is based on its consolidated financial statements.
2
Includes fair value adjustments arising from the acquisition.
3
Prudential Life Insurance Company of Korea Ltd. and KB Life Insurance Co., Ltd, which were subsidiary companies, have merged in January 2023.
4
Prudential Life Insurance Company of Korea Ltd. changed the name to KB Life Insurance Co., Ltd.
5
 
The Parent Company sold 100% shares of KB Credit Information Co., Ltd. to KB Kookmin Card Co., Ltd. on June 30, 2023.
Summary of Changes In Subsidiaries
41.5.1 Subsidiaries newly included in consolidation for the year ended December 31, 2023, are as follows:
 
Company
       
Reasons of obtaining control
Teamwink Inc. and 12 others
     
Holds more than half of the ownership interests
KB Liiv DS 1st L.L.C. and 32 others
     
Holds the power in the event of default and is exposed to significant variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt
KB Global Private Real Estate Debt Fund 29 and 19 others
     
Holds the power to determine the operation of the funds and is exposed to variable returns by holding significant amount of ownership interests
KB Global Platform Fund No.2 and 3 others
     
Holds the power as a general partner and is exposed to variable returns by holding significant amount of ownership interests
41.5.2 Subsidiaries excluded from consolidation for the year ended December 31, 2023, are as follows:
 
Company
       
Reasons of losing control
KB Cheongra Hill Co., Ltd. and 45 others
     
Termination of the commitments
KB Life Insurance Co., Ltd. and 18 others
     
Liquidation
KB KBSTAR Treasury Futures 3 Year ETF Trust (Bond-Derivative) and 7 others
     
Disposal
KB Global Dynamic Securities Master Investment Trust (Equity-Indirect Type) and 5 others
     
Decrease in ownership interests to less than majority