Signage of Bank of America (Courtesy of Agence France-Presse and Yonhap) Bank of America Corp. (BofA) is quickly expanding its presence in the South Korean initial public offering market, where J.P. Morgan and Citigroup Global Markets are two key players as global investment banks.So far this y
Ship under HD Hyundai Marine Solution's maintenance service (Courtesy of HD Hyundai) South Korea’s initial public offering market is heating up as HD Hyundai Marine Solution Co., which aims to raise 742.6 billion won ($553.4 million) via an IPO, has started its listing process. K Ba
KakaoBank is a leading internet-only bank in Korea KakaoBank Corp., a leading South Korean internet-only bank, saw its first-half net profit rise to a fresh record high, driven by decent growth in interest revenue and an expanded customer base.The online banking unit of the country’s tech
K Bank, a South Korean Internet-only bank, reported a net profit of 83.6 billion won ($63.6 million) in 2022, which nearly quadrupled compared to the previous year, marking an all-time high. The surge in interest income helped the bank achieve this feat, as net interest income almost doubled f
(Courtesy of K Bank) South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the sluggish IPO market and the dropping share prices of the online bank's competitors.Investment banking sources on Thursday said K Ba
K Bank K Bank, the digital banking unit of South Korea’s telecom giant KT Corp., is valued at 8 trillion won ($6.9 billion) and could further raise its valuation if it can grow its lending business, Morgan Stanley said.In its recent research report, the US investment bank said the interne
South Korea’s first internet-only bank, K Bank, will be raising 1.2 trillion won ($1.05 billion) from existing and new investors for business expansion and diversification. K Bank was launched in 2016 by the country’s major telecom company KT Corp. and began operations in 2017. Acc