K Bank Expected to Raise 1.2 Trillion Won Investment... Finalizing Procedures

Board Meeting to Resolve Paid-in Capital Increase May Be Held as Early as Next Week

[Asia Economy Reporter Kwangho Lee] Internet-only bank K Bank is expected to raise 1.2 trillion won in investment funds from existing shareholders and new investors such as large private equity funds (PEFs).

According to financial sources on the 20th, K Bank is reportedly in the final stages of securing 1.2 trillion won in investment funds from existing shareholders and new investors.

This amount is double the 600 billion won planned during the rights offering in the second half of last year.

It is said that the rapid growth of K Bank recently has attracted a flood of new investors willing to invest.

K Bank plans to hold a board meeting as early as next week to resolve the rights offering and aims to complete the rights offering within the first half of the year.

New investors are expected to include the US-based PEF Bain Capital, domestic PEFs MBK Partners and Shinhan Alternative Investment Management-JS Private Equity (PE), and MG Saemaeul Geumgo Central Association.

After completing this rights offering, K Bank will increase its capital to around 2.1 trillion won in just four years since its launch. This scale is comparable to Kakao Bank's capital (2.0382 trillion won as of last year).

This content was produced with the assistance of AI translation services.