Sign in

    Baek Do san

    Senior Equity Analyst at Korea Investment & Securities

    Baek Do-san is a Senior Equity Analyst at Korea Investment & Securities, specializing in coverage of Korean financial institutions and brokerage firms such as NH Investment & Securities and JB Financial Group. He has provided detailed forecasts and analysis of key performance metrics, including third-quarter earnings, net interest margins, loan loss ratios, and shareholder return policies, contributing substantial market insight and accurate company-specific projections. With over 35 years of experience in the equity research sector, Baek has become a respected voice in the Korean capital markets, having built his career at Korea Investment & Securities. He is recognized for his analytic rigor, although public records of formal securities licenses or FINRA registrations are limited due to jurisdictional differences in South Korea.

    Baek Do san's questions to KB Financial Group (KB) leadership

    Baek Do san's questions to KB Financial Group (KB) leadership • Q2 2025

    Question

    Baek Do san of Korea Investment Securities asked a follow-up question regarding the deferred KRW 190 billion share buyback. He sought to clarify whether this deferral, equivalent to about 5 basis points of capital, would raise the CET1 ratio baseline for next year's shareholder return calculation from 13.0% to approximately 13.05%.

    Answer

    A representative clarified that the shareholder return policy remains unchanged: returns will be funded by capital in excess of the 13.0% CET1 ratio. The deferred 5 basis points will be included in the year-end 2025 CET1 ratio calculation, and the subsequent return is simply attributed to the 2025 shareholder return pool, even though the execution is in 2026. The baseline for the calculation remains 13.0%.

    Ask Fintool Equity Research AI

    Baek Do san's questions to KB Financial Group (KB) leadership • Q2 2025

    Question

    Baek Do san of Korea Investment & Securities sought clarification on the capital return policy, asking if the deferred KRW 190 billion buyback (approx. 5 bps of capital) would effectively raise the CET1 target for next year's return calculation, since the capital remains on the books at year-end.

    Answer

    A KBFG representative explained that the policy remains unchanged. The capital in excess of the 13.5% CET1 ratio at year-end will determine the following year's shareholder return pool. Although the 5 bps of capital for the deferred buyback will be in the year-end CET1 figure, it has already been attributed to the 2025 return program and will not reduce the capital available for 2026's return calculation.

    Ask Fintool Equity Research AI