On July 26, 2010, KB Financial Group Inc. (“KB Financial Group”) disclosed that its nominating committee for President and CEO of subsidiaries had decided to recommend Mr. Byong Deok Min, a senior executive vice president of Kookmin Bank (a wholly-owned subsidiary of KB Financial Group), as nominee for President of Kookmin Bank.

The nomination for the position of President of Kookmin Bank is subject to shareholder approval at the upcoming general meeting of shareholders of Kookmin Bank.