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Results of the AGM of KB Financial Group for FY2009

03-26-2010

Results of the Annual General Meeting of Shareholders of KB Financial Group Inc.

On March 26, 2010, KB Financial Group Inc. held its annual general meeting of shareholders and all five agenda items listed below were approved and ratified as originally proposed.

Agenda:

	1)		Approval of non-consolidated financial statements (statements of financial position, statements of income and statements of appropriation of retained earnings) for fiscal year 2009

	2)		Amendment of the Articles of Incorporation

	3)		Appointment of non-executive directors

	4)		Appointment of members of the Audit Committee, who are non-executive directors

	5)		Approval of the aggregate remuneration limit for directors

Details of the originally proposed agenda were previously disclosed on March 10, 2010.

Details of Approved Agenda Items

Key items of the approved non-consolidated financial statements for the year ended December 31, 2009:


	(in millions of Won, except per share amounts)
Total assets		18,663,464
Total liabilities		811,834
Capital stock		1,931,758
Total shareholders’ equity		17,851,630
Operating revenues		696,712
Operating income		541,893
Net income		539,818
Net income per share		1,659

n		Declaration of Dividends

		A cash dividend of KRW 230 per common share was declared (total dividend amount: KRW 78,896,667,470).

Appointment of non-executive directors and members of the Audit Committee

	—		Number of newly or re-appointed non-executive directors: 4

	—		Number of newly or re-appointed members of the Audit Committee: 5

Details regarding newly or re-appointed non-executive directors

Name

Current

Term of

(Date of Birth)

Position

Career

Education

Nationality

Office

Seunghee Koh
(New appointment)
(06/26/1955)

Professor,
Sookmyung
Women’s
University

•

•

•

Advisor, Fair Trade Commission of Korea
Chairman of Finance Accounting Dept., Korea Accounting Association
Director, Korea Accounting Association

•

•
•

Ph.D. in Business Administration, University of Oklahoma
M.B.A., Indiana University
B.A. in Business Administration, Seoul National University

Republic of Korea

2 years

Kyungjae Lee
(New appointment)
(01/30/1939)

—

•
•

•
•

CEO, Industrial Bank of Korea
CEO, Korea Financial Telecommunications & Clearings Institute
Director and auditor, Bank of Korea
Deputy governor, Bank Inspection Board

•

•

•

Ph.D. in Economics, Kookmin University
M.A. in Economics, New York University
B.A. in Economics, Seoul National University

Republic of Korea

2 years

Youngnam Lee
(New appointment)
(09/03/1957)

CEO,
EZ Digital
Co., Ltd.

•

•

•

Chairman, Korea Venture Business Women’s Association
Vice Chairman, Korea Venture Business Women’s Association
CEO, Seohyun Electronics Co., Ltd.

•

•
•

Course of Business Administration, KAIST
Business School, Ajou University
Dong Busan University

Republic of Korea

2 years

Jacques P.M. Kemp
(Re-appointment)
(05/15/1949)

—

•

•
•

•

Vice Chairman, ING Asia/Pacific for Insurance/Investments, Amsterdam
CEO, ING Asia/Pacific Insurance
Global Head of e-Business, ING Group
Chairman, ING Bank International

•
•

•

M.B.A., University of Chicago
International Senior Management Program at Harvard University
Higher Economic School, Rotterdam

The Netherlands

1 year

Details regarding newly or re-appointed members of the Audit Committee, who are non-executive directors

Name

Current

Term of

(Date of Birth)

Position

Career

Education

Nationality

Office

Chansoo Kang
(Re-appointment)
(11/23/1961)

Chairman
& CEO,
Kang &
Company Ltd.

•

•
•

Adjunct Professor, Ewha Womans University
CEO, Seoul Securities Co., Ltd.
Managing Director, BT Wolfensohn

•

•

M.B.A., Wharton School, University of Pennsylvania
B.A. in Economics, Harvard University

United
States of
America

1 year

Seunghee Koh
(New appointment)
(06/26/1955)

Professor,
Sookmyung
Women’s
University

•

•

•

Advisor, Fair Trade Commission of Korea
Chairman of Finance Accounting Dept., Korea Accounting Association
Director, Korea Accounting Association

•

•
•

Ph.D. in Business Administration, University of Oklahoma
M.B.A., Indiana University
B.A. in Business Administration, Seoul National University

Republic of
Korea

1 year

Kyungjae Lee
(New appointment)
(01/30/1939)

—

•
•

•
•

CEO, Industrial Bank of Korea
CEO, Korea Financial Telecommunications & Clearings Institute
Director and auditor, Bank of Korea
Deputy governor, Bank Inspection Board

•

•

•

Ph.D. in Economics, Kookmin University
M.A. in Economics, New York University
B.A. in Economics, Seoul National University

Republic of
Korea

1 year

Sangmoon Hahm
(New appointment)
(02/02/1954)

Dean, KDI
School of
Public
Policy and
Management

•

•

•

Professor, KDI School of Public Policy and Management
Chief Researcher, Korea Institute of Finance
Associate Professor, Virginia Tech.

•

•

•

Ph.D. in Economics, University of Chicago
M.A. in Economics, University of Chicago
B.A. in Economics, Georgetown University

Republic of
Korea

1 year

Jacques P.M. Kemp
(New appointment)
(05/15/1949)

—

•

•
•

•

Vice Chairman, ING Asia/Pacific for Insurance/Investments, Amsterdam
CEO, ING Asia/Pacific Insurance
Global Head of e-Business, ING Group
Chairman, ING Bank International

•
•

•

M.B.A., University of Chicago
International Senior Management Program at Harvard University
Higher Economic School, Rotterdam

The
Netherlands

1 year

Total number of directors and members of the Audit Committee following the appointment

Directors

	—		Total number of directors following the appointment: 11

	—		Total number of non-executive directors following the appointment: 9

Members of the Audit Committee

	—		Number of members of the Audit Committee, who are non-executive directors: 5

	—		Number of members of the Audit Committee, who are not non-executive directors: 0