Yang Jong-hee, KB Financial Group Chairman, "Will Steadily Pursue Sustainable Value-Up Measures"

Sending Handwritten Letters to Major Overseas Shareholders
Emphasizing the Implementation of the Value-Up Plan

Yang Jong-hee, Chairman of KB Financial Group [Photo by KB Financial Group]

On the 6th, KB Financial Group announced on the 8th that it sent a handwritten letter from Chairman Yang Jong-hee to major overseas investors, reaffirming its firm commitment to implementing the value-up plan announced last October along with New Year's greetings.

In the handwritten letter, Yang Jong-hee, Chairman of KB Financial Group, stated, "I deeply empathize with shareholders' growing concerns about the business environment and the value-up program due to increased volatility in interest rates and exchange rates amid various challenging circumstances surrounding South Korea, and I take the current situation very seriously."

He continued, "Through the disclosure last October, KB Financial once again assures shareholders that the group will steadfastly pursue sustainable value-up measures," emphasizing KB Financial Group's firm determination to implement the value-up plan.

A KB Financial official said, "Even amid expanding internal and external uncertainties, KB Financial will enhance its core profitability based on its balanced portfolio, a key strength, and successfully continue the transition from quantitative to qualitative growth through a growth strategy centered on Risk-Weighted Assets Return (RoRWA)."

Meanwhile, on December 9 last year, immediately after the declaration of martial law, KB Financial sent letters to major global investment institutions to prevent investor concerns and market confusion, and has been actively communicating with investors through group and one-on-one meetings.

This content was produced with the assistance of AI translation services.