On June 18, 2015, the US Board of Governors of the Federal Reserve System issued a letter granting Financial Holding Company status to KB Financial Group, Inc. and its subsidiary, Kookmin Bank, both of Seoul, South Korea. KB Financial Group and Kookmin Bank are each foreign banking organizations under the Bank Holding Company Act. In acting on their FHC elections, the Federal Reserve Board determined that KB Financial Group, Inc. and Kookmin Bank are well capitalized and well managed under standards comparable to those applied to US companies seeking to be FHCs and that they are subject to comprehensive supervision on a consolidated basis.

The Federal Reserve Board letter is available at: http://www.federalreserve.gov/bankinforeg/LegalInterpretations/bhc_changeincontrol20150618a1.pdf