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 July 2024

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 ☐

Preliminary Operating Results for the First Half of 2024

On July 23, 2024, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first half of fiscal year 2024. The following tables reflect the key figures released during the conference. The presentation materials for the conference, which contain further details, are available at KB Financial Group’s website (http://www.kbfg.com).

The preliminary figures presented herein are based on International Financial Reporting Standards as adopted by the Republic of Korea (“K-IFRS”) and are currently being reviewed by KB Financial Group’s independent auditors and are therefore subject to change.

1. Preliminary Operating Results of KB Financial Group (Consolidated)

(Won in millions, %)		2Q 2024		1Q 2024		% Change Increase (Decrease) (Q to Q)			2Q 2023		% Change Increase (Decrease) (Y to Y)
Operating revenue	Specified Quarter		19,918,040		23,352,449		(14.71	)		15,901,595		25.26
	Cumulative		43,270,489		23,352,449		—			40,734,330		6.23
Net operating profit	Specified Quarter		2,302,268		2,355,448		(2.26	)		2,052,822		12.15
	Cumulative		4,657,716		2,355,448		—			4,192,849		11.09
Profit before income tax	Specified Quarter		2,369,252		1,407,484		68.33			1,960,469		20.85
	Cumulative		3,776,736		1,407,484		—			4,004,335		(5.68	)
Profit for the period	Specified Quarter		1,710,680		1,063,214		60.90			1,504,631		13.69
	Cumulative		2,773,894		1,063,214		—			3,014,922		(7.99	)
Profit attributable to shareholders of the parent company	Specified Quarter		1,732,225		1,049,133		65.11			1,498,916		15.57
	Cumulative		2,781,358		1,049,133		—			3,007,624		(7.52	)

Notes: 1)

“Operating revenue” represents the sum of interest income, fee and commission income, insurance income, reinsurance income, gain on financial assets/liabilities at fair value through profit or loss, other insurance finance income and other operating income.

2)

KB Financial Group’s preliminary operating results for the first half of 2024 and the operating results for the first quarter of 2024 reflect the application of the variable fee approach for measuring insurance liabilities, which was adopted in the fourth quarter of 2023 in accordance with the IFRS17 actuarial assumption guidelines of the Financial Supervisory Service. For comparison purposes, the figures for the first half of 2023 above have been restated retrospectively to reflect such application.

2. Preliminary Operating Results of Kookmin Bank (Consolidated)

(Won in millions, %)		2Q 2024		1Q 2024		% Change Increase (Decrease) (Q to Q)			2Q 2023		% Change Increase (Decrease) (Y to Y)
Operating revenue	Specified Quarter		11,822,663		14,403,010		(17.92	)		8,817,685		34.08
	Cumulative		26,225,673		14,403,010		—			23,736,807		10.49
Net operating profit	Specified Quarter		1,421,558		1,440,393		(1.31	)		1,222,012		16.33
	Cumulative		2,861,951		1,440,393		—			2,490,152		14.93
Profit before income tax	Specified Quarter		1,510,892		496,625		204.23			1,188,087		27.17
	Cumulative		2,007,517		496,625		—			2,423,251		(17.16	)
Profit for the period	Specified Quarter		1,089,094		377,253		188.69			919,941		18.39
	Cumulative		1,466,347		377,253		—			1,841,865		(20.39	)
Profit attributable to shareholders of the parent company	Specified Quarter		1,116,338		389,535		186.58			926,992		20.43
	Cumulative		1,505,873		389,535		—			1,858,508		(18.97	)

Note: “Operating revenue” represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit or loss and other operating income.

3. Preliminary Operating Results of KB Securities Co., Ltd. (“KB Securities”) (Consolidated)

(Won in millions, %)		2Q 2024		1Q 2024		% Change Increase (Decrease) (Q to Q)			2Q 2023		% Change Increase (Decrease) (Y to Y)
Operating revenue	Specified Quarter		2,273,350		3,460,114		(34.30	)		1,805,906		25.88
	Cumulative		5,733,464		3,460,114		—			6,130,156		(6.47	)
Net operating profit	Specified Quarter		243,362		253,337		(3.94	)		194,063		25.40
	Cumulative		496,699		253,337		—			458,262		8.39
Profit before income tax	Specified Quarter		233,655		243,044		(3.86	)		142,728		63.71
	Cumulative		476,699		243,044		—			331,540		43.78
Profit for the period	Specified Quarter		180,614		198,853		(9.17	)		110,304		63.74
	Cumulative		379,467		198,853		—			252,254		50.43
Profit attributable to shareholders of the parent company	Specified Quarter		179,528		199,335		(9.94	)		110,345		62.70
	Cumulative		378,863		199,335		—			252,239		50.20

Notes: 1)	Based on KB Securities’ consolidated financial statements, as a result of which the figures differ from KB Securities’ earnings results to be released at KB Financial Group’s earnings conference for the first half of 2024, which are based on KB Financial Group’s consolidated financial statements.
2)	“Operating revenue” represents operating income based on KB Securities’ financial statements.

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: July 23, 2024	By: /s/ Jae Kwan Kim
	(Signature)
	Name: Jae Kwan Kim
	Title: Senior Executive Vice President and Chief Finance Officer