Key Developments: KB Financial Group Inc (KB.N)

KB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kb Financial Group to acquire shares of LIG Insurance Co., Ltd.
Friday, 27 Jun 2014 04:43am EDT 

Kb Financial Group Inc:To acquire 11,682,580 shares of LIG Insurance Co., Ltd., which is engaged in insurance of damage business.Transaction amount of 685 bln won.Expected settlement date of Oct. 1.To hold a 19.47 pct stake (11,682,580 shares) in the LIG Insurance Co., Ltd., after the transaction.  Full Article

Kb Financial Group announces change in shareholding structure
Tuesday, 27 May 2014 10:10pm EDT 

Kb Financial Group Inc:BlackRock Fund Advisors and 12 related parties have 19,356,580 shares of the company, representing a 5.01 pct stake.  Full Article

Kb Financial Group sets up subsidiary
Thursday, 20 Mar 2014 03:51am EDT 

Kb Financial Group Inc:Says completed the establishment of a wholly-owned subsidiary namely KB Capital CO. ,LTD.The subsidiary will be engaged in financial industry.Expected transaction settlement date of March 20.Says number of subsidiaries increased to 11 from 10.  Full Article

KB Financial Group Inc. to acquire 52.02 pct of Woori Financial Co., Ltd. from Woori Finance Holdings Co Ltd
Friday, 28 Feb 2014 03:50am EST 

Woori Financial Co., Ltd:KB Financial Group Inc. has signed a contract with Woori Finance Holdings Co Ltd . on Feb. 24, to acquire 11,180,630 shares of Woori Financial from Woori Finance Holdings , or a 52.02 pct stake, at 25,032 won per share.Expected transaction settlement date is March 20.  Full Article

Kb Financial Group Inc's subsidiary receives punishment from Financial Services Commission
Tuesday, 18 Feb 2014 03:45am EST 

Kb Financial Group Inc:Says subsidiary KB Kookmincard Co., Ltd. has received punishment from Financial Services Commission, due to its employee's stealing of customer information.Says KB Kookmincard Co., Ltd. was ordered to suspend partial credit card business and related business including credit card, gift card and debit card issue and member recruitment, during Feb. 17 to May 16.  Full Article

Kb Financial Group Inc declares annual cash dividend for FY 2013
Friday, 7 Feb 2014 01:16am EST 

Kb Financial Group Inc:Says to pay an annual cash dividend of 500 won per share for fiscal year 2013 to shareholders of record on Dec. 31, 2013.Says total dividend amount of 193,175,846,500 won.  Full Article

Kb Financial Group Inc Acquires Yehansoul Savings Bank
Monday, 2 Sep 2013 02:59am EDT 

Kb Financial Group Inc announced that it has acquired 8,748,793 shares (a 100% stake) of Yehansoul Savings Bank as of September 2, 2013.  Full Article

Kb Financial Group Inc Appoints New CEO
Friday, 12 Jul 2013 02:36am EDT 

Kb Financial Group Inc announced that it has appointed Yim Yeong Rok as its new Chief Executive Officer, replacing Uh Yun Dae, effective July 12, 2013.  Full Article

ING Groep NV Completes Sale Of 49% Stake In Korean Insurance Venture, KB Life To Joint Venture Partner KB Financial Group Inc
Wednesday, 19 Jun 2013 10:03pm EDT 

ING Groep NV announced it has completed the sale of its 49% stake in Korean insurance venture KB Life Insurance Company Ltd. (KB Life) to joint venture partner KB Financial Group Inc. As announced on April 19, 2013, the divestment of the stake in KB Life does not have a material impact on ING Group results. ING received a total cash consideration of KRW166.5 billion (approximately EUR115 million) for its 49% stake in KB Life.  Full Article

Kb Financial Group Inc Announces Changes in Shareholding Structure
Tuesday, 19 Feb 2013 07:32pm EST 

Kb Financial Group Inc announced that ING Bank N.V. and one related party have sold their entire 18,045,337 shares of the Company, equivalent to a 5.06% stake.  Full Article

KB Fin preferred bidder for LIG Insurance stake after $590 mln bid -source

SEOUL, June 11 - South Korea's KB Financial Group Inc has been chosen as the preferred bidder to buy 20 percent of LIG Insurance after submitting an offer of about 600 billion won ($590 million), a source working on the deal said.

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