KB Financial Group's social value created through its social contribution activities in the third quarter was tallied at 903.7 billion won. Its year-to-date social value was 25.7 trillion won, a result of converting into monetary terms the outcomes of activities including inclusive finance and youth self-reliance, support for small and midsize firms and small merchants, and cooperation with local communities.

KB Financial said on Wednesday it measures in monetary terms the impact that its environmental, social and governance (ESG) management activities in financial and non-financial areas have on society and discloses the results quarterly.

The newly released figure measures performance in the social contribution segment. KB Financial calculates the value by reflecting not only business input costs but also the social outcomes created through its activities.

To help financially vulnerable people get back on their feet, KB Financial provides guidance on debt adjustment and policy finance products and links clients to psychological counseling at 6 KB Hope Finance Centers nationwide. Since July, it has also been implementing a program that reduces principal on special claims by up to 90 percent for recipients of basic livelihood support and those in the near-poor bracket.

To support young people, it backs the 1,000-won breakfast and hearty lunch for office workers programs, and runs savings products dedicated to young people as well as Saehui-mang Seed Loan and Miso Finance. For small and midsize firms and small merchants, it contributed 10 billion won in June to a win-win cooperation fund and plans to use 3 billion won for a parent fund to support companies that create social value and 7 billion won for projects related to artificial intelligence, green and safety transitions.

As part of its local community cooperation activities, it donated 500 million won to areas hit by heavy rain and operated financial support programs for affected residents and companies. It is also 추진하고 있다.

A KB Financial official said, "Going forward, KB Financial will continue to fulfill its social responsibility as a reliable partner for the public and take the lead in building a sustainable society."