On the Record · KB Financial
KB Financial acquisitions, on the record
The businesses KB Financial bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Hyundai Securities Co., Ltd.Word for word“In May 2016, we acquired 22.6% of the outstanding shares of Hyundai Securities Co., Ltd., a publicly listed Korean securities firm, from Hyundai Merchant Marine Co., Ltd. for ￦1.2 trillion, after which we further increased our shareholding in Hyundai Securities to 29.6% in June 2016.” 20-F for 2023 | acquisition | May 2016 | ￦1.2 trillion |
The Prudential Life Insurance Company of Korea, Ltd. (“Prudential Life Insurance”)Word for word“In August 2020, we acquired all of the outstanding shares of The Prudential Life Insurance Company of Korea, Ltd. (“Prudential Life Insurance”) from Prudential Financial, Inc. for ￦2.3 trillion, as a result of which Prudential Life Insurance became a wholly-owned subsidiary.” 20-F for 2023 | acquisition | August 2020 | ￦2.3 trillion |
Former KB Life Insurance Co., Ltd. with and into Prudential Life InsuranceWord for word“In January 2023, we merged an existing wholly-owned subsidiary, KB Life Insurance Co., Ltd. (the “Former KB Life Insurance”), with and into Prudential Life Insurance, which had been renamed KB Life Insurance Co., Ltd. in December 2022 shortly before the merger and became the surviving entity (“KB Life Insurance”).” 20-F for 2023 | merger | January 2023 | — |
PRASAC Microfinance Institution Plc. (PRASAC)Word for word“we acquired a 70% stake in PRASAC Microfinance Institution Plc., or PRASAC, a provider of microfinance and deposit-taking services in Cambodia, through Kookmin Bank, in April 2020.” 20-F for 2023 | acquisition | April 2020 | — |
PRASAC (remaining 30% interest)Word for word“Subsequently, in October 2021, we acquired the remaining 30% interest in PRASAC, which increased our ownership of PRASAC to 100%.” 20-F for 2023 | acquisition | October 2021 | — |
PRASAC with Kookmin Bank Cambodia Plc.Word for word“In August 2023, we merged PRASAC with Kookmin Bank’s existing subsidiary in Cambodia, Kookmin Bank Cambodia Plc., to form KB PRASAC Bank Plc.” 20-F for 2023 | merger | August 2023 | — |
PT Bank Bukopin TBK (Bank Bukopin)Word for word“In addition, through a series of acquisitions from July 2018 to September 2020, we obtained a 67% interest in PT Bank Bukopin TBK of Indonesia, or Bank Bukopin, through Kookmin Bank, and changed its name to PT Bank KB Bukopin, Tbk in February 2021.” 20-F for 2023 | acquisition | from July 2018 to September 2020 | — |
Hyundai Securities Co., Ltd. (now KB Securities Co., Ltd.)Word for word“In May 2016, we acquired 22.6% of the outstanding shares of Hyundai Securities Co., Ltd., a publicly listed Korean securities firm, from Hyundai Merchant Marine Co., Ltd. for ￦1.2 trillion, after which 8 Table of Contents we further increased our shareholding in Hyundai Securities to 29.6% in June 2016.” 20-F for 2024 | acquisition | May 2016 | ￦1.2 trillion |
The Prudential Life Insurance Company of Korea, Ltd. (now KB Life Insurance Co., Ltd.)Word for word“In August 2020, we acquired all of the outstanding shares of The Prudential Life Insurance Company of Korea, Ltd. (“Prudential Life Insurance”) from Prudential Financial, Inc. for ￦2.3 trillion, as a result of which Prudential Life Insurance became a wholly-owned subsidiary.” 20-F for 2024 | acquisition | August 2020 | ￦2.3 trillion |
Former KB Life Insurance Co., Ltd. merged with and into Prudential Life InsuranceWord for word“In January 2023, we merged an existing wholly-owned subsidiary, KB Life Insurance Co., Ltd. (the “Former KB Life Insurance”), with and into Prudential Life Insurance, which had been renamed KB Life Insurance Co., Ltd. in December 2022 shortly before the merger and became the surviving entity (“KB Life Insurance”).” 20-F for 2024 | merger | January 2023 | — |
PRASAC Microfinance Institution Plc. (70% stake)Word for word“we acquired a 70% stake in PRASAC Microfinance Institution Plc., or PRASAC, a provider of microfinance and deposit-taking services in Cambodia, through Kookmin Bank, in April 2020.” 20-F for 2024 | acquisition | April 2020 | — |
PRASAC Microfinance Institution Plc. (remaining 30% interest)Word for word“Subsequently, in October 2021, we acquired the remaining 30% interest in PRASAC, which increased our ownership of PRASAC to 100%.” 20-F for 2024 | acquisition | October 2021 | — |
PRASAC merged with Kookmin Bank Cambodia Plc. to form KB PRASAC Bank Plc.Word for word“In August 2023, we merged PRASAC with Kookmin Bank’s existing subsidiary in Cambodia, Kookmin Bank Cambodia Plc., to form KB PRASAC Bank Plc.” 20-F for 2024 | merger | August 2023 | — |
PT Bank Bukopin TBK (67% interest)Word for word“In addition, through a series of acquisitions from July 2018 to September 2020, we obtained a 67% interest in PT Bank Bukopin TBK of Indonesia, or Bank Bukopin, through Kookmin Bank, and changed its name to PT Bank KB Bukopin, Tbk in February 2021.” 20-F for 2024 | acquisition | — | — |
Yehansoul Savings BankWord for word“We acquired Yehansoul Savings Bank, which 108 Table of Contents provided small-loan finance services, in September 2013 and merged it with KB Savings Bank in January 2014, with KB Savings Bank as the surviving entity.” 20-F for 2024 | acquisition | September 2013 | — |
PRASAC merged with Kookmin Bank Cambodia Plc.Word for word“In August 2023, we merged PRASAC with Kookmin Bank’s existing subsidiary in Cambodia, Kookmin Bank Cambodia Plc., to form KB PRASAC Bank Plc.” 20-F for 2025 | merger | August 2023 | — |
Read from KB Financial’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.