▲Yang Jong-hee, Chairman of KB Financial Group (left), is taking a commemorative photo with Shunsuke Hosaka, CEO of HC Produce, the ISO-30414 certification body, to celebrate obtaining the 'ISO-30414' certificate. [Photo by KB Financial Group]
KB Financial Group announced on the 5th that it has obtained the 'ISO 30414' certification, the first in the domestic financial sector, for the systematic management of intangible assets such as human capital.
'ISO 30414' is a human capital reporting guideline published by the International Organization for Standardization (ISO) in 2018, consisting of 58 indicators across 11 areas including costs, diversity, leadership, organizational culture, and productivity.
Global leading financial companies such as Deutsche Bank and Allianz also obtained the 'ISO 30414' certification in 2021 and 2022, respectively, to manage human capital.
The U.S. Securities and Exchange Commission (SEC) revised disclosure regulations in 2020 to mandate human capital disclosure for U.S.-listed companies, and in 2021, the Tokyo Stock Exchange in Japan amended its governance guideline, the 'Corporate Governance Code,' to require human capital disclosure for listed companies, reflecting a global trend toward strengthening human capital disclosure.
Considering these cases, KB Financial pursued the 'ISO 30414' certification as the first in the domestic financial sector.
A KB Financial official stated, "KB Financial is improving its structure in line with a new value-up paradigm that pursues qualitative growth beyond quantitative growth. Taking this opportunity of obtaining the 'ISO 30414' certification, we will systematically and transparently manage not only financial factors but also intangible assets to create a differentiated value-up vision unique to KB."
Meanwhile, KB Financial recognizes its employees as the core driving force of growth and operates various talent development programs to grow together with the company. To strengthen employees' digital capabilities, KB Financial implements various customized programs such as the ‘KB Digital Literacy Course’ and ‘KB Data Analysis Academy,’ and its major affiliate KB Kookmin Bank operates the ‘KB ACE Academy’ to cultivate experts in key roles such as IB, capital markets, and digital.
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