M&A - KB Financial Group Inc.

Form Type: 20-F

Filing Date: 2025-04-25

Corporate Action: Merger

Type: Update

Accession Number: 000119312525094961

Filing Summary: KB Financial Group Inc. reported several significant corporate activities, including the merger of KB DAEHAN SPECIALIZED BANK PLC. with I-Finance Leasing on December 19, 2024, and the merger of Kookmin Bank Cambodia PLC. with KB PRASAC BANK PLC. on September 1, 2023. Additionally, Prudential Life Insurance Company of Korea Ltd. changed its name to KB Life Insurance Co., Ltd., and this entity merged with KB Life Insurance Co., Ltd. in January 2023. The document outlines the financial implications of these mergers, including changes in accounting policies and the effects on consolidated financial statements. It also details post-employment benefits recognized as expenses for the years ending December 31, 2022, and December 31, 2023.