KB FINANCIAL GROUP INC. Disaffiliation of a First-tier Subsidiary
On January 2, 2023, KB Financial Group Inc. ("KB Financial Group") disclosed that as a result of the merger between The Prudential Life Insurance Company of Korea, Ltd. ("Prudential Life Insurance") and KB Life Insurance Co., Ltd. ("KB Life Insurance"), both of which are wholly-owned subsidiaries of KB Financial Group, KB Life Insurance no longer exists as a separate entity, and therefore, disaffiliated from KB Financial Group as a first-tier subsidiary. As a reference, the total number of first-tier subsidiaries of KB Financial Group has changed from 13 to 12.
Following such merger, the surviving entity is Prudential Life Insurance, with KB Life Insurance Co., Ltd. as its new name.
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KB Financial Group Inc. published this content on 04 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2023 11:07:08 UTC.
