This report does not constitute a rating action. What's new: We believe the parent group?s capital injections into KB Securities underscore the company's strategic commitment. In July 2026, the group injected Korean won (KRW) 1 trillion into KB Securities, following a KRW700 billion injection in February. KB Securities? preliminary annualized return on average assets for the first half of 2026 rose to about 1.8% from 1.0% a year ago, driven by stronger brokerage fees, trading and valuation gains. KB Securities contributed about 21% of the group net profits in the first half of 2026. Why it matters: The capital injection could help KB Securities expand its corporate financing, including ?venturous financing? such as funding for small and midsize enterprises. The
