What is the history of KB Group?
KB Financial Group traces its corporate roots back to the founding of Kookmin Bank in South Korea in 1963, originally established under government legislation to provide reliable retail banking services and promote savings among ordinary citizens. Following the Asian financial crisis, Kookmin Bank absorbed Housing and Commercial Bank in 2001, creating the largest commercial bank in South Korea. In 2008, the financial institution formally transitioned into KB Financial Group, a comprehensive holding company spanning commercial banking, securities, insurance, and asset management worldwide.
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