K Bank Passes Preliminary Review for KOSPI Listing

Third Attempt at IPO

K Bank, an internet-only bank, has passed the preliminary review for listing on the Korea Exchange's KOSPI market.

Exterior view of K Bank headquarters. The Asia Business Daily DB

On January 12, the KOSPI Market Division of the Korea Exchange announced that it had determined K Bank to be eligible following the preliminary review for new listing.

K Bank was established in January 2016. Its largest shareholder, BC Card, holds a 33.7% stake. In 2024, based on separate financial statements, K Bank recorded 1.2258 trillion won in operating revenue and 133 billion won in operating profit.

This marks K Bank's third attempt at an initial public offering (IPO). The bank had previously received preliminary approval for listing from the exchange in both 2022 and 2023, but withdrew its applications due to insufficient institutional demand forecasts and other reasons.