Baek Jong-won The Born Korea and K Bank Pass KOSPI Listing Preliminary Review

The Korea Exchange's KOSPI Market Division announced on the 30th that it has made a preliminary approval decision for the new listings of Theborn Korea and K Bank. The Exchange stated that both companies "meet the listing requirements and are confirmed to be eligible for listing on the KOSPI market."

Baek Jong-won

Founded in January 1994, Theborn Korea operates about 20 dining brands including Hong Kong Banjeom, Paik's Coffee, and Yeokjeon Udon. Theborn Korea had planned to go public in 2018 but postponed due to the spread of COVID-19, and has resumed preparations for listing this year, marking its 30th anniversary.

Theborn Korea's separate financial statements show sales of 388.1 billion KRW and operating profit of 23.9 billion KRW last year.

K Bank, an internet-only bank established in January 2016, recorded operating revenue of 964.5 billion KRW and operating profit of 16.5 billion KRW last year based on separate financial statements.

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