BNY Mellon has been appointed by KB Financial Group as successor depositary bank for its American depositary receipt (ADR) program. Each KB Financial ADR represents one ordinary share and trades on the New York Stock Exchange under the symbol KB. KB Financials ordinary shares trade on the Korea Stock Exchange under the code 105560.
KB Financial is one of Koreas leading financial institutions, with total assets of $334 billion. As of September 30, 2012, the group consists of 10 subsidiaries – Kookmin Bank, KB Kookmin Card, KB Investment & Securities, KB Life Insurance, KB Asset Management, KB Real Estate Trust, KB Investment, KB Credit Information, KB Data Systems and KB Savings Bank as well as overseas banking presences in major cities around the world.
(JDC)