KB Financial Announces Korea's First 'Value-Up Enhancement Plan'

Disclosure Scheduled for Q4 This Year

KB Financial Group announced on the 27th that it will disclose its "Corporate Value Enhancement Plan" in the fourth quarter of this year. The fourth-quarter disclosure will faithfully follow the guidelines related to the corporate value enhancement measures announced by the government in May, and will include KB Financial's current status, future goal setting, plan establishment, and implementation evaluation.

This is the first preliminary disclosure in Korea regarding a corporate value enhancement plan and is the first case to apply the government's corporate value-up program.

On the 24th, KB Financial shared the causes of undervaluation of Korean bank stocks and investor opinions with external market experts. Afterwards, outside directors, CEOs of affiliates, and holding company executives gathered in one place to have in-depth discussions on corporate value enhancement measures such as mid- to long-term capital management, asset growth plans, and shareholder return policies.

A KB Financial official said, "As KB Financial has announced the start of the value-up program, we will take the lead in resolving the Korea discount as a model student of the value-up program."