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KB Financial Group

Topic: Company

 From HandWiki - Reading time: 12 min

KB Financial Group Inc.
Native name
주식회사 케이비금융지주
TypePublic
Holding
Short description: Securities exchange operator in South Korea
Korea Exchange
한국거래소
File:150px
File:View of Busan International Finance Center from Jeonpo Samgeori bus stop.jpg
TypeStock exchange
LocationBusan & Seoul, South Korea
Coordinates [ ⚑ ] 35°08′12″N 129°03′53″E / 35.136721°N 129.064746°E / 35.136721; 129.064746 (Busan)
Founded1956; 70 years ago (1956)
Key peopleSohn Byung-doo
(Chairman & CEO)
CurrencySouth Korean won
No. of listings2,901 (as of January 2026)[1]
Market cap₩4,277 trillion KRW ($2.95 trillion USD)[2]
IndicesKOSPI
KOSPI 200
KOSDAQ
Websitewww.krx.co.kr
global.krx.co.kr

Template:Infobox Korean name/auto Korea Exchange (KRX, Korean: 한국거래소) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.

History

The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of December 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3]

On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[4]

On 10 April 2025, the KOSPI and KOSDAQ soared when President Donald Trump announced that he would suspend the mutual tariffs. In response, the Korea Exchange triggered a buy sidecar for the KOSPI market at 09:06 a.m. for the first time in eight months.[5]

In April 2025, the Korea Exchange signed a contract with the Thai Stock Exchange to supply the system for liquidation and settlement. A source at the exchange said it expects the deal to further strengthen the position of the Korean stock market infrastructure in Southeast Asia.[6]

Traded instruments

KOSPI Market Division
  • Stocks
  • Bonds
  • Exchange-traded funds (ETFs)
  • Exchange-Linked Warrants (ELWs)
  • Real estate investment trusts (REITs)
KOSDAQ Market Division
  • Stocks
Derivatives Market Division
  • Index Instruments: KOSPI 200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options
  • Single Stock Futures
  • Equity Options
  • Interest Rate Instruments: 3-Year KTB (Korea Treasury Bond) Futures, 5-Year KTB Futures, 10-Year KTB Futures
  • Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
  • Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures

Trading hours

Session Trading Hours Quotation Receiving Hours
Regular Session 09:00 ~ 15:30 08:00 ~ 15:30
Off-hours Session Pre-hours 07:30 ~ 09:00 07:30 ~ 09:00
Off-hours Session Post-hours 15:40 ~ 18:00 15:30 ~ 18:00
[7]

Quotations are quotes submitted by the Members on behalf of their customers and are submitted to the Exchange only during Quotation Receiving Hours.

Trading days in KRX KOSPI markets are from Monday through Friday and no trading or settlement is made on the following days:[8]

  • Holidays according to government regulations (which includes Sundays, National Election days, etc)
  • Labor Day (May 1st)
  • Saturdays
  • December 31st when it's a holiday or a Saturday, otherwise the previous business day closest to December 31st
  • Certain days deemed necessary by the KRX due to market conditions.

See also

References

  1. ↑ "Global KRX". http://global.krx.co.kr/main/main.jsp. 
  2. ↑ ""KRX KRX Data Marketplace"". https://data.krx.co.kr/contents/MDC/MAIN/main/index.cmd. 
  3. ↑ Market Hours, Korea Exchange via Wikinvest
  4. ↑ "UN Secretary-General Joins Business Leaders in Seoul, Calls for Urgent Action on Poverty, Climate Change and Conflict". https://www.unglobalcompact.org/news/1881-05-19-2015. 
  5. ↑ "[속보 코스피시장 매수 사이드카 발동…8개월만"] (in ko). 2025-04-10. https://www.mk.co.kr/news/business/11287703. 
  6. ↑ "한국거래소, 태국증권거래소에 청산결제시스템 공급한다" (in ko). 2025-04-14. https://m.sedaily.com/NewsView/2GRINUO941#cb. 
  7. ↑ https://global.krx.co.kr/contents/GLB/01/0109/0109000000/guide_to_trading_in_the_korean_stock_market.pdf
  8. ↑ "Global KRX | Regulation | Stocks | KOSPI Market | Trading". https://global.krx.co.kr/contents/GLB/06/0602/0602010201/GLB0602010201.jsp#826f2bceb71bdd795d4f782fda605cb1=1. 

Template:Stock exchanges top 18 Template:Economy of South Korea



NYSE: KB
IndustryFinancial services
FoundedSeptember 29, 2008 (2008-09-29) (holding company)
Headquarters
Seoul
,
South Korea
Key people
Yoon Jong-kyoo
(Chairman & CEO)
SubsidiariesKookmin Bank
KB Life Insurance
Websitewww.kbfg.com
Footnotes / references
[1]

KB Financial Group Inc. (Korean: 주식회사 케이비금융지주; RR: Jusik-hoesa Keibi Geumyung Jiju) is a financial holding company headquartered in Seoul, South Korea . The Group and its subsidiaries provide a broad range of banking and financial services. It is one of the domestic systemically important banks (D-SIBs) identified by the Financial Services Commission.[2]

History

KB Financial Group was established through restructuring Kookmin Bank into a holding company in September 2008. Kookmin Bank launched a financial holding firm to boost non-banking operations such as brokerage, insurance, and consumer finance.[3][4] After the establishment, KB has acquired non-banking financial services companies, including LIG Insurance, Hyundai Securities, Prudential Life Korea, etc.

In 2015, KB acquired LIG Insurance, South Korea's fourth-largest non-life insurance company with assets totaling 24 trillion won, from LIG Group and changed its name to KB Insurance.[5][6] KB also took over Hyundai Securities from Hyundai Group after beating Korea Investment and Hong Kong-based private equity firm Actis in 2016.[7] KB has merged its existing stock brokerage firm KB Investment & Securities with Hyundai Securities and renamed as KB Securities. In 2020, KB reinforced the life insurance business by acquiring a 100% stake in Prudential Financial Inc's South Korean unit for 2.3 trillion won.[8][1]

Operations

There are 13 subsidiaries under KB Financial Group, including Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, Prudential Life Insurance Korea, KB Asset Management, KB Capital, KB Life Insurance, KB Real Estate Trust, KB Savings Bank, KB Investment, KB Data Systems, and KB Credit Information.

See also

  • Uijeongbu KB Insurance Stars

References

  1. ↑ 1.0 1.1 "Audit Report of KB Financial Group Inc. for Fiscal Year 2020". U.S. Securities and Exchange Commission. March 9, 2021. https://www.sec.gov/Archives/edgar/data/1445930/000119312521074369/d129420d6k.htm. 
  2. ↑ "FSC Identifies D-SIBs for 2021". Financial Services Commission. June 24, 2020. http://www.fsc.go.kr:8300/v/pGrsOF6TKhg. 
  3. ↑ "Kookmin shares to be suspended in Sept for holding co.". Reuters. April 30, 2008. https://www.reuters.com/article/sppage012-seo16444-oisbn-idUKSEO1644420080430. 
  4. ↑ "Kookmin Bank plans block sale of stake in parent - report". Reuters. April 6, 2011. https://www.reuters.com/article/koominbank-sale-idUSL3E7F608B20110406. 
  5. ↑ "KB Financial finalizes LIG Insurance acquisition price". Maeil Business Newspaper. March 25, 2015. https://pulsenews.co.kr/view.php?year=2015&no=282946. 
  6. ↑ "KB Financial to wrap up LIG takeover next week". The Korea Herald. Jun 19, 2015. https://koreaherald.com/view.php?ud=20150619000959. 
  7. ↑ Choi, Kyongae (March 31, 2016). "KB picked as preferred bidder for Hyundai Securities". Yonhap (Seoul). https://en.yna.co.kr/view/AEN20160331010700320. 
  8. ↑ "KB Financial Group acquires Prudential's South Korean unit for $1.89 billion". Reuters. April 10, 2020. https://www.reuters.com/article/us-prudential-finl-kb-financial-sale-idUKKCN21S0HW. 
  • Business data for KB Financial Group (
    Short description: Securities exchange operator in South Korea
Korea Exchange
한국거래소
File:150px
File:View of Busan International Finance Center from Jeonpo Samgeori bus stop.jpg
TypeStock exchange
LocationBusan & Seoul, South Korea
Coordinates [ ⚑ ] 35°08′12″N 129°03′53″E / 35.136721°N 129.064746°E / 35.136721; 129.064746 (Busan)
Founded1956; 70 years ago (1956)
Key peopleSohn Byung-doo
(Chairman & CEO)
CurrencySouth Korean won
No. of listings2,901 (as of January 2026)[1]
Market cap₩4,277 trillion KRW ($2.95 trillion USD)[2]
IndicesKOSPI
KOSPI 200
KOSDAQ
Websitewww.krx.co.kr
global.krx.co.kr

Template:Infobox Korean name/auto Korea Exchange (KRX, Korean: 한국거래소) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.

History

The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of December 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3]

On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[4]

On 10 April 2025, the KOSPI and KOSDAQ soared when President Donald Trump announced that he would suspend the mutual tariffs. In response, the Korea Exchange triggered a buy sidecar for the KOSPI market at 09:06 a.m. for the first time in eight months.[5]

In April 2025, the Korea Exchange signed a contract with the Thai Stock Exchange to supply the system for liquidation and settlement. A source at the exchange said it expects the deal to further strengthen the position of the Korean stock market infrastructure in Southeast Asia.[6]

Traded instruments

KOSPI Market Division
  • Stocks
  • Bonds
  • Exchange-traded funds (ETFs)
  • Exchange-Linked Warrants (ELWs)
  • Real estate investment trusts (REITs)
KOSDAQ Market Division
  • Stocks
Derivatives Market Division
  • Index Instruments: KOSPI 200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options
  • Single Stock Futures
  • Equity Options
  • Interest Rate Instruments: 3-Year KTB (Korea Treasury Bond) Futures, 5-Year KTB Futures, 10-Year KTB Futures
  • Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
  • Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures

Trading hours

Session Trading Hours Quotation Receiving Hours
Regular Session 09:00 ~ 15:30 08:00 ~ 15:30
Off-hours Session Pre-hours 07:30 ~ 09:00 07:30 ~ 09:00
Off-hours Session Post-hours 15:40 ~ 18:00 15:30 ~ 18:00

[7]

Quotations are quotes submitted by the Members on behalf of their customers and are submitted to the Exchange only during Quotation Receiving Hours.

Trading days in KRX KOSPI markets are from Monday through Friday and no trading or settlement is made on the following days:[8]

  • Holidays according to government regulations (which includes Sundays, National Election days, etc)
  • Labor Day (May 1st)
  • Saturdays
  • December 31st when it's a holiday or a Saturday, otherwise the previous business day closest to December 31st
  • Certain days deemed necessary by the KRX due to market conditions.

See also

References

  1. ↑ "Global KRX". http://global.krx.co.kr/main/main.jsp. 
  2. ↑ ""KRX KRX Data Marketplace"". https://data.krx.co.kr/contents/MDC/MAIN/main/index.cmd. 
  3. ↑ Market Hours, Korea Exchange via Wikinvest
  4. ↑ "UN Secretary-General Joins Business Leaders in Seoul, Calls for Urgent Action on Poverty, Climate Change and Conflict". https://www.unglobalcompact.org/news/1881-05-19-2015. 
  5. ↑ "[속보 코스피시장 매수 사이드카 발동…8개월만"] (in ko). 2025-04-10. https://www.mk.co.kr/news/business/11287703. 
  6. ↑ "한국거래소, 태국증권거래소에 청산결제시스템 공급한다" (in ko). 2025-04-14. https://m.sedaily.com/NewsView/2GRINUO941#cb. 
  7. ↑ https://global.krx.co.kr/contents/GLB/01/0109/0109000000/guide_to_trading_in_the_korean_stock_market.pdf
  8. ↑ "Global KRX | Regulation | Stocks | KOSPI Market | Trading". https://global.krx.co.kr/contents/GLB/06/0602/0602010201/GLB0602010201.jsp#826f2bceb71bdd795d4f782fda605cb1=1. 

Template:Stock exchanges top 18 Template:Economy of South Korea


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