KB Financial Group to Cancel All 2.3 Trillion Won in Treasury Shares...Major Shareholder Return Initiative

Decision to "Immediately Cancel" Despite Grace Period Shows Commitment to Maximizing Shareholder Value

Participation in Capital Market Advancement Policy

Quarterly Dividend of 1,143 Won per Share

KB Financial Group has decided to cancel all of the treasury shares it currently holds.

On April 23, 2026, along with its first-quarter earnings announcement, KB Financial Group stated that it would cancel all 14.26 million treasury shares it holds, which represent approximately 3.8% of the total issued shares (in accordance with the revised Commercial Act requiring cancellation of treasury shares). In monetary terms, this amounts to approximately 2.3 trillion won, making it the largest in the industry.

The cancellation of treasury shares is a method by which a company reduces the number of its outstanding shares by eliminating those it owns, thereby increasing the value per share. It is considered a representative shareholder return policy. This decision follows the recent amendment to the Commercial Act, which made the cancellation of treasury shares mandatory. Although a grace period of one year and six months was granted, KB Financial Group decided to proceed with the cancellation immediately.

This measure is separate from the ongoing treasury share buyback and cancellation (1.2 trillion won) being implemented under the existing Value-Up Framework, and is intended to further strengthen shareholder returns.

In addition, KB Financial Group will pay a quarterly dividend of 1,143 won per share and will buy back and cancel an additional 600 billion won worth of treasury shares. Including the previously mentioned 2.3 trillion won treasury share cancellation and the additional 600 billion won buyback and cancellation, a total of 2.9 trillion won in treasury shares is scheduled to be cancelled in May.

The company stated that these measures are intended to enhance shareholder value and actively participate in the government’s policy to advance the capital market.

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