KB Financial Group Inc. (NYSE: KB)

KB Financial Group Inc., known as KB, is a leading financial holding company based in Korea, with a stock symbol of KB. Established in 2008, KB has grown into a comprehensive financial services provider, with operations spanning commercial banking, credit cards, asset management, non-life and life insurance, capital markets activities, and international banking and finance. As of December 31, 2023, the company boasted consolidated total assets of 716 trillion won, consolidated total deposits of 407 trillion won, and consolidated total equity of 59 trillion won.

KB's commercial banking activities are primarily carried out through Kookmin Bank, one of Korea's leading commercial banks. KB provides credit and related financial services to individuals, small- and medium-sized enterprises, and large corporate customers. The company's lending business is divided into retail and corporate lending. Retail lending includes mortgage loans, home equity loans, and other consumer loans, while corporate lending focuses on customized products and services for large corporate customers.

KB's revenue is generated through a variety of sources. In the retail lending segment, mortgage and home equity loans make up a significant portion of the loan portfolio. Other consumer loans include overdraft loans, used to cover insufficient funds in demand deposit accounts. Corporate lending is also a significant contributor to KB's revenue, with a focus on providing customized services to large corporate customers.

KB's position within the industry is strong, with a comprehensive range of financial products and services, a large customer base, and a strong brand reputation. Key competitors include other major Korean banks, such as Shinhan Bank, KB Kookmin Bank, and Woori Bank.

KB's customers include individuals, small- and medium-sized enterprises, and large corporate customers. The company's credit card business is operated by its subsidiary, KB Kookmin Card Co., Ltd. As of December 31, 2023, KB had approximately 12.7 million credit cardholders, with an active ratio of 90.2%. The company's credit card fees consist of merchant fees, cash advance fees, credit card installment fees, interest income from credit card loans, and annual fees paid by cardholders.

In the corporate banking segment, KB lends to and takes deposits from small- and medium-sized enterprises and, to a lesser extent, large corporate customers. As of December 31, 2023, the company had 430,196 small- and medium-sized enterprise borrowers and 1,893 large corporate borrowers for Won-currency loans. KB's corporate deposit products include demand deposits, time deposits, installment savings deposits, certificates of deposit, and repurchase instruments.

In addition to its banking and credit card businesses, KB is also active in the asset securitization market, providing a range of financial products and participating in various asset securitization transactions. The company is also involved in investment banking, providing securities underwriting, financing and financial advisory services for mergers and acquisitions, project finance and financial advisory services for social overhead capital projects, and structured finance.

KB has a significant presence in international markets, with overseas subsidiaries, branches, and representative and liaison offices in operation in China, Myanmar, Cambodia, Indonesia, Vietnam, and other countries. The company's international banking and finance activities include foreign exchange services and derivatives dealing, import and export-related services, offshore lending, syndicated loans, foreign currency securities investment, and non-life insurance.

KB's trust account management services include trust account management, property trust management, and investment trust management. These services are provided to a wide range of clients, including individuals, small- and medium-sized enterprises, and large corporations. KB's trust account management services are designed to provide clients with secure and reliable asset management solutions.