KB Financial Group Reports 665.45 Billion Won in Social Value Created Last Year

Yang Jonghee, Chairman of KB Financial Group. Provided by KB Financial Group

KB Financial Group announced on October 13 that it generated a total of 665.45 billion won in social value last year.

KB Financial Group released this information through its "2024 Social Value Performance Report," which details its ESG (Environmental, Social, and Governance) management activities. The company's social value encompasses not only the value generated from non-financial areas such as social contribution activities, but also the value created through its financial products and services. The results are broken down into categories: Environment (E), Social (S), Governance (G), and others.

Performance by category was measured as follows: 313.4 billion won for Environment (E), 2.7122 trillion won for Social (S), and 3.6289 trillion won for Governance (G) and other areas.

According to KB Financial Group, the Social (S) category reflects inclusive finance achievements, such as low-interest loans and preferential interest rates for financially vulnerable groups, easing financial costs for small business owners, and contributions to guarantee funds. It also includes growth in social value from areas such as "protection of financial consumers and enhancement of financial accessibility." In the Governance (G) category, the results of shareholder returns from the cancellation of treasury shares, implemented as part of the "enhancing corporate value" program, were also included.

A KB Financial Group representative stated, "KB Financial Group is striving to create greater social value through various ESG management activities," and added, "We will continue to do our utmost to grow together with the public through warm-hearted finance and to build a better world."

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