K-Bank Submits Preliminary Listing Application for Securities Market
On the 10th of this month, the Korea Exchange announced that it has received K-Bank’s preliminary listing application for the securities market.
Founded in 2016, K-Bank operates as an internet-only bank. It was the first in South Korea to obtain approval from financial authorities for internet banking, a sector often referred to as the fintech disruptor.
Last year, K-Bank recorded an operating revenue of 1.2258 trillion won, with an operating profit and net profit of 133 billion won and 128.1 billion won, respectively.
Currently, BC Card holds a 33.7% stake as the largest shareholder of the bank.
K-Bank is targeting a listing on the securities market in the first half of next year. NH Investment & Securities and Samsung Securities are overseeing the listing process.
Founded in 2016, K-Bank operates as an internet-only bank. It was the first in South Korea to obtain approval from financial authorities for internet banking, a sector often referred to as the fintech disruptor.
Last year, K-Bank recorded an operating revenue of 1.2258 trillion won, with an operating profit and net profit of 133 billion won and 128.1 billion won, respectively.
Currently, BC Card holds a 33.7% stake as the largest shareholder of the bank.
K-Bank is targeting a listing on the securities market in the first half of next year. NH Investment & Securities and Samsung Securities are overseeing the listing process.
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