K Bank Passes Preliminary Review for Listing on the Korea Exchange Market
[Asia Economy Reporter Lee Seon-ae] The Korea Exchange announced on the 20th that the preliminary review for listing K Bank on the KOSPI market has been confirmed as eligible for listing.
K Bank is an internet-only bank established in 2016. Last year, it recorded operating revenue of 287.8 billion KRW and a net profit of 22.5 billion KRW on a separate basis.
In the first half of this year, it attracted attention by generating a net profit of 45.7 billion KRW, achieving twice the profit of last year in just half a year.
The current largest shareholder is BC Card, holding a 33.7% stake.
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Meanwhile, it is uncertain whether K Bank will proceed with a public offering within this year. Given the recent sluggish stock market, it is judged difficult to properly recognize the company's value. A K Bank official stated, "We will flexibly decide the timing of submitting the securities registration statement by comprehensively considering market conditions."
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