﻿<?xml version="1.0" encoding="utf-8" standalone="no"?>
<?taxonomy-version 1.0.0.0?>
<?taxonomy-date 2022-03-31?>
<!--This is a generated XML file-->
<link:linkbase xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xml="http://www.w3.org/XML/1998/namespace">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CostOfSales" xlink:label="loc_ifrs-full_CostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CostOfSales" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Coût des ventes [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CostOfSales" xlink:to="label_ifrs-full_CostOfSales" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossProfit" xlink:label="loc_ifrs-full_GrossProfit" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_GrossProfit" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Marge brute [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossProfit" xlink:to="label_ifrs-full_GrossProfit" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SalesAndMarketingExpense" xlink:label="loc_ifrs-full_SalesAndMarketingExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_SalesAndMarketingExpense" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dépenses liées à la vente et à la commercialisation [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SalesAndMarketingExpense" xlink:to="label_ifrs-full_SalesAndMarketingExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="loc_ifrs-full_AdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_AdministrativeExpense" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charges administratives [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdministrativeExpense" xlink:to="label_ifrs-full_AdministrativeExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyDevelopmentAndProjectManagementExpense" xlink:label="loc_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charges liées à l’aménagement de biens immobiliers et à la gestion de projets [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" xlink:to="label_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Profits (pertes) d’activités opérationnelles [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="label_ifrs-full_ProfitLossFromOperatingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceCosts" xlink:label="loc_ifrs-full_FinanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_FinanceCosts" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charges financières [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceCosts" xlink:to="label_ifrs-full_FinanceCosts" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ProfitLossBeforeTax" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Résultat avant impôt [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="label_ifrs-full_ProfitLossBeforeTax" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charge (produit) d’impôt [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="label_ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="loc_ifrs-full_ProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ProfitLoss" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Résultat [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="label_ifrs-full_ProfitLoss" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:label="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Impôt sur le résultat en relation avec les réévaluations au titre des régimes à prestations définies inclus dans les autres éléments du résultat global [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="label_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Autres éléments du résultat global qui ne seront pas reclassés en résultat net, nets d’impôt [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="label_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="loc_ifrs-full_ComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ComprehensiveIncome" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Résultat global [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="label_ifrs-full_ComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets" xlink:label="loc_ifrs-full_NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_NoncurrentAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Actifs non courants [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets" xlink:to="label_ifrs-full_NoncurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets" xlink:label="loc_ifrs-full_CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CurrentAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Actifs courants [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssets" xlink:to="label_ifrs-full_CurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets" xlink:label="loc_ifrs-full_Assets" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_Assets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Actifs [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="label_ifrs-full_Assets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasuryShares" xlink:label="loc_ifrs-full_TreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_TreasuryShares" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Actions propres [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasuryShares" xlink:to="label_ifrs-full_TreasuryShares" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_EquityAttributableToOwnersOfParent" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Capitaux propres attribuables aux propriétaires de la société mère [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="label_ifrs-full_EquityAttributableToOwnersOfParent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity" xlink:label="loc_ifrs-full_Equity" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_Equity" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Capitaux propres [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="label_ifrs-full_Equity" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_Equity2" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Capitaux propres [start]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="label_ifrs-full_Equity2" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_Equity3" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Capitaux propres [end]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="label_ifrs-full_Equity3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="loc_ifrs-full_NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_NoncurrentLiabilities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Passifs non courants [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilities" xlink:to="label_ifrs-full_NoncurrentLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities" xlink:label="loc_ifrs-full_CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CurrentLiabilities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Passifs courants [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilities" xlink:to="label_ifrs-full_CurrentLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="loc_ifrs-full_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_EquityAndLiabilities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Capitaux propres et passifs [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="label_ifrs-full_EquityAndLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flux de trésorerie résultant (utilisés dans le cadre) des activités avant variations du fonds de roulement [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="label_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flux de trésorerie résultant (utilisés dans le cadre) des activités opérationnelles [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInOperatingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Flux de trésorerie utilisés dans l’obtention du contrôle sur des filiales et autres unités opérationnelles, classés dans les activités d’investissement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="label_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flux de trésorerie résultant (utilisés dans le cadre) d’activités d’investissement [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividendes versés aux participations ne donnant pas le contrôle, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:label="loc_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Paiements liés à des changements dans les parts d’intérêt dans des filiales qui ne donnent pas lieu à une perte de contrôle [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:to="label_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:label="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Paiements pour acquérir ou racheter les actions de l’entité [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:to="label_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Remboursements d’emprunts, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Paiements de passifs au titre de contrats de location, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividendes versés aux porteurs d’actions de l’entité mère, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Intérêts payés, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flux de trésorerie résultant (utilisés dans le cadre) d’activités de financement [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Augmentation (diminution) de la trésorerie et des équivalents de trésorerie [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaid" xlink:label="loc_ifrs-full_DividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DividendsPaid" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividendes comptabilisés au titre des distributions aux propriétaires [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaid" xlink:to="label_ifrs-full_DividendsPaid" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Augmentation (diminution) par le biais de transactions avec les propriétaires, capitaux propres [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:to="label_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReductionOfIssuedCapital" xlink:label="loc_ifrs-full_ReductionOfIssuedCapital" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ReductionOfIssuedCapital" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Réduction du capital émis [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReductionOfIssuedCapital" xlink:to="label_ifrs-full_ReductionOfIssuedCapital" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_TechnicalAndCustomerServicesExpenses" xlink:label="loc_KB_TechnicalAndCustomerServicesExpenses" />
    <link:label xlink:type="resource" xlink:label="label_KB_TechnicalAndCustomerServicesExpenses" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Charges techniques et service après-vente</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_TechnicalAndCustomerServicesExpenses" xlink:to="label_KB_TechnicalAndCustomerServicesExpenses" />
    <link:label xlink:type="resource" xlink:label="label_KB_TechnicalAndCustomerServicesExpenses2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charges techniques et service après-vente [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_TechnicalAndCustomerServicesExpenses" xlink:to="label_KB_TechnicalAndCustomerServicesExpenses2" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_CostOfNetFinancialDebt" xlink:label="loc_KB_CostOfNetFinancialDebt" />
    <link:label xlink:type="resource" xlink:label="label_KB_CostOfNetFinancialDebt" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Coût de l’endettement financier net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_CostOfNetFinancialDebt" xlink:to="label_KB_CostOfNetFinancialDebt" />
    <link:label xlink:type="resource" xlink:label="label_KB_CostOfNetFinancialDebt2" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Coût de l’endettement financier net [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_CostOfNetFinancialDebt" xlink:to="label_KB_CostOfNetFinancialDebt2" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_NetIncomeOfConsolidatedCompanies" xlink:label="loc_KB_NetIncomeOfConsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_KB_NetIncomeOfConsolidatedCompanies" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Résultat net des entreprises intégrées</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_NetIncomeOfConsolidatedCompanies" xlink:to="label_KB_NetIncomeOfConsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_KB_NetIncomeOfConsolidatedCompanies2" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Résultat net des entreprises intégrées [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_NetIncomeOfConsolidatedCompanies" xlink:to="label_KB_NetIncomeOfConsolidatedCompanies2" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_InvestmentsInSubsidiariesJointVenturesAndAssociatesAndNon-CurrentReceivables" xlink:label="loc_KB_InvestmentsInSubsidiariesJointVenturesAndAssociatesAndNon-CurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_KB_InvestmentsInSubsidiariesJointVenturesAndAssociatesAndNon-CurrentReceivables" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Entreprises associées, co-entreprises et créances rattachées</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_InvestmentsInSubsidiariesJointVenturesAndAssociatesAndNon-CurrentReceivables" xlink:to="label_KB_InvestmentsInSubsidiariesJointVenturesAndAssociatesAndNon-CurrentReceivables" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_InventoryNewProjects" xlink:label="loc_KB_InventoryNewProjects" />
    <link:label xlink:type="resource" xlink:label="label_KB_InventoryNewProjects" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Stocks nouveaux projets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_InventoryNewProjects" xlink:to="label_KB_InventoryNewProjects" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_InventoryCurrentPrograms" xlink:label="loc_KB_InventoryCurrentPrograms" />
    <link:label xlink:type="resource" xlink:label="label_KB_InventoryCurrentPrograms" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Stocks programmes en cours</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_InventoryCurrentPrograms" xlink:to="label_KB_InventoryCurrentPrograms" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_CurrentReceivablesFromContractsWithCustomersAndContractAssets" xlink:label="loc_KB_CurrentReceivablesFromContractsWithCustomersAndContractAssets" />
    <link:label xlink:type="resource" xlink:label="label_KB_CurrentReceivablesFromContractsWithCustomersAndContractAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Créances clients et actifs de contrat</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_CurrentReceivablesFromContractsWithCustomersAndContractAssets" xlink:to="label_KB_CurrentReceivablesFromContractsWithCustomersAndContractAssets" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_RetainedEarningsAndSharePremiumAttributableToOwnersOfParent" xlink:label="loc_KB_RetainedEarningsAndSharePremiumAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_KB_RetainedEarningsAndSharePremiumAttributableToOwnersOfParent" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Resultats non distribués et prime d'émission attribuable aux propriétaires de la société mère</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_RetainedEarningsAndSharePremiumAttributableToOwnersOfParent" xlink:to="label_KB_RetainedEarningsAndSharePremiumAttributableToOwnersOfParent" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_AutresElementsDuRéSultatGlobalEtAutresReservesAttribuable" xlink:label="loc_KB_AutresElementsDuRéSultatGlobalEtAutresReservesAttribuable" />
    <link:label xlink:type="resource" xlink:label="label_KB_AutresElementsDuRéSultatGlobalEtAutresReservesAttribuable" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Autres elements du résultat global et autres reserves attribuable </link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_AutresElementsDuRéSultatGlobalEtAutresReservesAttribuable" xlink:to="label_KB_AutresElementsDuRéSultatGlobalEtAutresReservesAttribuable" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_AdjustmentForDepreciationAmortisationImpairmentProvisionsAndOtherNonCashItems" xlink:label="loc_KB_AdjustmentForDepreciationAmortisationImpairmentProvisionsAndOtherNonCashItems" />
    <link:label xlink:type="resource" xlink:label="label_KB_AdjustmentForDepreciationAmortisationImpairmentProvisionsAndOtherNonCashItems" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Produits et charges calculés</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_AdjustmentForDepreciationAmortisationImpairmentProvisionsAndOtherNonCashItems" xlink:to="label_KB_AdjustmentForDepreciationAmortisationImpairmentProvisionsAndOtherNonCashItems" />
    <link:label xlink:type="resource" xlink:label="label_KB_AdjustmentForDepreciationAmortisationImpairmentProvisionsAndOtherNonCashItems2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Produits et charges calculés [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_AdjustmentForDepreciationAmortisationImpairmentProvisionsAndOtherNonCashItems" xlink:to="label_KB_AdjustmentForDepreciationAmortisationImpairmentProvisionsAndOtherNonCashItems2" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_CashFlowsFromUsedInOperationsAfterCostOfNetDebtAndIncomeTaxExpense" xlink:label="loc_KB_CashFlowsFromUsedInOperationsAfterCostOfNetDebtAndIncomeTaxExpense" />
    <link:label xlink:type="resource" xlink:label="label_KB_CashFlowsFromUsedInOperationsAfterCostOfNetDebtAndIncomeTaxExpense" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Capacité d’autofinancement après coût de l’endettement financier et impôts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_CashFlowsFromUsedInOperationsAfterCostOfNetDebtAndIncomeTaxExpense" xlink:to="label_KB_CashFlowsFromUsedInOperationsAfterCostOfNetDebtAndIncomeTaxExpense" />
    <link:label xlink:type="resource" xlink:label="label_KB_CashFlowsFromUsedInOperationsAfterCostOfNetDebtAndIncomeTaxExpense2" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Capacité d’autofinancement après coût de l’endettement financier et impôts [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_CashFlowsFromUsedInOperationsAfterCostOfNetDebtAndIncomeTaxExpense" xlink:to="label_KB_CashFlowsFromUsedInOperationsAfterCostOfNetDebtAndIncomeTaxExpense2" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_PurchaseAndProceedsFromPropertyPlantAndEquipmentAndIntangibleAssets" xlink:label="loc_KB_PurchaseAndProceedsFromPropertyPlantAndEquipmentAndIntangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_KB_PurchaseAndProceedsFromPropertyPlantAndEquipmentAndIntangibleAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Acquisitions d’actifs corporels et incorporels nettes de cessions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_PurchaseAndProceedsFromPropertyPlantAndEquipmentAndIntangibleAssets" xlink:to="label_KB_PurchaseAndProceedsFromPropertyPlantAndEquipmentAndIntangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_KB_PurchaseAndProceedsFromPropertyPlantAndEquipmentAndIntangibleAssets2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Acquisitions d’actifs corporels et incorporels nettes de cessions [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_PurchaseAndProceedsFromPropertyPlantAndEquipmentAndIntangibleAssets" xlink:to="label_KB_PurchaseAndProceedsFromPropertyPlantAndEquipmentAndIntangibleAssets2" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_NetChangeInFinancialAssets" xlink:label="loc_KB_NetChangeInFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_KB_NetChangeInFinancialAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Acquisition (cessions) des actifs financiers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_NetChangeInFinancialAssets" xlink:to="label_KB_NetChangeInFinancialAssets" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_InflowsOutflowsWithEquityAccountedInvestee" xlink:label="loc_KB_InflowsOutflowsWithEquityAccountedInvestee" />
    <link:label xlink:type="resource" xlink:label="label_KB_InflowsOutflowsWithEquityAccountedInvestee" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Flux avec les entreprises associées et co-entreprises</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_InflowsOutflowsWithEquityAccountedInvestee" xlink:to="label_KB_InflowsOutflowsWithEquityAccountedInvestee" />
    <link:label xlink:type="resource" xlink:label="label_KB_InflowsOutflowsWithEquityAccountedInvestee2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Flux avec les entreprises associées et co-entreprises [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_InflowsOutflowsWithEquityAccountedInvestee" xlink:to="label_KB_InflowsOutflowsWithEquityAccountedInvestee2" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_FreeCashFlow" xlink:label="loc_KB_FreeCashFlow" />
    <link:label xlink:type="resource" xlink:label="label_KB_FreeCashFlow" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Cash flow libre</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_FreeCashFlow" xlink:to="label_KB_FreeCashFlow" />
    <link:label xlink:type="resource" xlink:label="label_KB_FreeCashFlow2" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash flow libre [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_FreeCashFlow" xlink:to="label_KB_FreeCashFlow2" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_RetainedEarningsAndSharePremiumMember" xlink:label="loc_KB_RetainedEarningsAndSharePremiumMember" />
    <link:label xlink:type="resource" xlink:label="label_KB_RetainedEarningsAndSharePremiumMember" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Resultats non distribués et prime d'émission [membre]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_RetainedEarningsAndSharePremiumMember" xlink:to="label_KB_RetainedEarningsAndSharePremiumMember" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_AccumulatedOtherComprehensiveIncomeAndOtherReserves" xlink:label="loc_KB_AccumulatedOtherComprehensiveIncomeAndOtherReserves" />
    <link:label xlink:type="resource" xlink:label="label_KB_AccumulatedOtherComprehensiveIncomeAndOtherReserves" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Autres elements du résultat global et autres reserves </link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_AccumulatedOtherComprehensiveIncomeAndOtherReserves" xlink:to="label_KB_AccumulatedOtherComprehensiveIncomeAndOtherReserves" />
    <link:loc xlink:type="locator" xlink:href="969500CE0X343D8ALO86-2021-11-30.xsd#KB_CapitalReduction" xlink:label="loc_KB_CapitalReduction" />
    <link:label xlink:type="resource" xlink:label="label_KB_CapitalReduction" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Reduction de capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_KB_CapitalReduction" xlink:to="label_KB_CapitalReduction" />
  </link:labelLink>
</link:linkbase>