KB Financial first in Korean banking to achieve ISO human capital standard

South Korea’s KB Financial Group said on Tuesday that it had obtained ISO 30414 certification, becoming the first in the domestic financial sector to meet this international standard for human capital management.

ISO 30414, issued by the International Organization for Standardization, serves as a guideline for human capital reporting. It covers 11 domains and 58 indicators, including metrics for costs, diversity, leadership, organizational culture, and productivity.

In recent years, human capital disclosure requirements have grown, with the US Securities and Exchange Commission mandating disclosures in 2020, followed by the Tokyo Stock Exchange in 2021.

KB Financial said the certification aligns it with other global institutions, including Deutsche Bank and Allianz, that have adopted the standard. The company added that this will support its “Value-Up” plan to enhance corporate value.

Write to Bo-Hyung Kim at kph21c@hankyung.com