Jaeong Won's questions to KB Financial Group Inc (KB) leadership • Q2 2025
Question
Jaeong Won of HSBC asked about the Q2 performance and second-half outlook for the Indonesian subsidiary (Bukopin). He also inquired about the timing for recognizing profit from the sale of a capital subsidiary to JB Holdings and sought clarification on the timing and process for the deferred KRW 190 billion share buyback.
Answer
Kangnam Chae, Head of Global Business, reported that the Indonesian subsidiary turned a profit in Q2, with H1 profit around KRW 20 billion, a trend expected to continue in H2 despite potentially higher G&A costs. He noted the proceeds from the capital subsidiary sale would likely be booked in H1 of next year pending regulatory approval. A representative explained the deferred buyback would occur after the 2025 books are closed and distributable profits for the next fiscal year are calculated.