Kbank, a South Korean online bank, is preparing to list on the main bourse Kospi at an estimated value of up to 5 trillion won ($3.8 billion) in the fourth quarter of this year. If it goes forward, it would be the country’s largest initial public offering this year, according to securiti
K Bank serves as a platform for cryptocurrency transactions K Bank, a South Korean online lender, is making a fresh attempt to list on the Korean stock market in February 2025 as bitcoin’s record-breaking bull run has brought a sharp increase in its deposits. But it plans to reduce its va
K Bank headquarters building K Bank, a South Korean online bank, has postponed its initial public offering (IPO) plan to list on the main bourse Kospi later this month.The digital banking unit of Korean telecom giant KT Corp. announced on Friday that it has filed a notice of withdrawal of its s
K Bank CEO Choi Woo-hyung speaks at a press conference ahead of the internet bank's planned IPO K Bank, the digital banking unit of South Korean telecom giant KT Corp., aims to turn into an AI-based investment platform after going public later this month, Chief Executive Choi Woo-hyung said on
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
(Courtesy of K Bank) South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the sluggish IPO market and the dropping share prices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's bigger rival KakaoBank saw its share price plunge by 70% in less than one year of its market debut South Korea’s first internet-only lender K Bank on Tuesday received preliminary approval from the Korea Exchange to go public on the country’s main bourse, but its IPO timing
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