Korea Joongang Daily
Korea JoongAng Daily

Kbank cancels plan to go public, aims to try again next year

Kbank once again canceled its plan to go public due to weak demand.

2024-10-20

Kbank targets retail banking, small business loans ahead of $722 million IPO

Kbank, which aims to go public on Oct. 30, identified retail banking, loans for small businesses and platform services as the three major pillars of its growth strategy ahead of its planned initial public offering (IPO) later this month.

2024-10-15

Kbank taking second stab at IPO with target of $739.5 million

Internet-only Kbank is re-attempting an initial public offering with a target of raising up to 984 billion won.

2024-09-13

Kbank plans to go public, again

Internet-only Kbank plans to go public again two years after scrapping its initial IPO plan.

2024-01-19

Kbank net income drops as loan-loss reserves increase

Korean internet-only bank Kbank reported Monday that its second-quarter net income dropped 31 percent from a year earlier on increased loan-loss reserves.

2023-08-15

K Bank reports record net profit of 45.7 billion won in first half

K Bank reported a record net profit of 45.7 billion won ($34.9 million) in the first half, according to the bank on Tuesday. This is a turnaround from a net loss of 8.4 billion won in the first half of 2021.

2022-08-16

New look

K bank's new corporate identity and logo is shown in front of the company's headquarters in Euljiro, central Seoul. The new slogan is "make money" and the colors of the company logo have changed from red and black to navy and lime green.

2021-08-09

Bank from the brink, K bank appoints a new CEO

K bank, which was all but shut down last year, has a new CEO Suh Ho-sung, former senior vice president of Hankook Tire & Technology, who was inaugurated as chief of K bank on Tuesday after a shareholder meeting.

2021-02-09

NH and K bank will pay you to open a stock trading account

K bank and NH Investment & Securities are offering cash rewards to get more people to open stock trading accounts.

2020-09-21

Digital banking revolution creates employment gold rush

Internet-only banks are promising fat paychecks and a shorter-than-ever hiring process to bring in as many IT developers to get ahead in the digital transformation of finance.

2020-09-14