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K Bank cuts IPO price range in third bid for listing

K Bank Chief Executive Officer Choi Woo-hyung speaks at the company’s IPO press conference in Seoul. Photo by Asia Today

Feb. 5 (Asia Today) — K Bank has lowered its proposed offering price as it makes a third attempt at an initial public offering, betting that a stronger stock market and a deeper discount will help it clear investor demand.

According to the financial investment industry, K Bank is offering 60 million shares with a target fundraising range of 498 billion to 570 billion won (about $373 million to $427 million). The proposed price band of 8,300 to 9,500 won represents a 20.83% cut from the 12,000-won upper limit floated during its failed 2024 IPO attempt.

Lee Jun-hyung, the company’s chief financial officer, said the price was set at about a 20% discount and is “20% to 30% lower than peers such as Kakao Bank and Japan’s Rakuten Bank.”

Market attention is focused on whether K Bank can secure sufficient institutional demand this time. The book-building process, which began Tuesday, runs through Monday. Industry officials noted that participation often concentrates on the final day, making it too early to judge the outcome.

If listed, K Bank plans to accelerate a non-interest income strategy centered on small businesses, platform services and digital assets. At an IPO press conference in Seoul, Chief Executive Officer Choi Woo-hyung said the bank aims to expand its retail base and open ecosystem while broadening its portfolio to include sole proprietors and small and medium-sized companies.

Choi also said the lender is preparing for future stablecoin-related business, citing its ongoing partnership with Upbit and internal development of blockchain technology, including patent filings.

Following a successful listing, K Bank plans to enhance shareholder returns. Choi said the bank is targeting a return on equity above 15% and will consider dividends or treasury share buybacks once it achieves a sustained double-digit ROE.

The IPO is being led by NH Investment & Securities and Samsung Securities, with Shinhan Investment Corporation participating in the underwriting syndicate. The listing is scheduled for March 5.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260205010002198

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Kakao Bank posts record profit as non-interest income offsets loan curbs

Chart shows Kakao Bank’s quarterly net profit and the rising share of non-interest income from 2023 to 2025. Graphic by Asia Today and translated by UPI

Feb. 4 (Asia Today) — Kakao Bank posted record earnings last year as growth in non-interest income offset pressure on lending revenue caused by tighter household loan regulations, the company said Tuesday.

The internet-only bank said net profit for 2025 reached 480.3 billion won ($348.6 million), up 9.1% from a year earlier. Fourth-quarter net profit rose 24.5% year over year to 105.2 billion won ($76.3 million), marking the first time quarterly earnings topped 100 billion won.

The results exceeded market expectations despite stricter government oversight of household lending in the second half of the year, which forced Kakao Bank to cut its loan growth target by half.

Interest income, still the bank’s largest revenue source, fell under regulatory pressure. Loan interest income declined 2.9% to 1.99 trillion won ($1.45 billion) from 2.05 trillion won ($1.49 billion) in 2024.

By contrast, non-interest income – including fees, platform revenue and fund management gains – jumped 22.5% to 1.08 trillion won ($790.6 million), surpassing 1 trillion won for the first time. Non-interest income accounted for 35.3% of total operating income, up about 5 percentage points from a year earlier.

Fund management performance was a major contributor. Kakao Bank said profits from the segment climbed about 28% to 670.8 billion won ($487.2 million), aided by expanded bond purchases in a high-interest-rate environment and a more diversified investment strategy.

Fee and platform revenue also continued to rise. Despite lower merchant fees for check cards, advertising revenue and loan comparison service income increased 54% and 37%, respectively. Total fee and platform revenue reached 310.5 billion won ($225.5 million), up 2.9% from a year earlier.

Looking ahead, Kakao Bank said it plans to further strengthen non-interest income this year by expanding products and services and by seeking growth opportunities in global and artificial intelligence-related businesses. The bank also signaled interest in mergers and acquisitions involving payment and capital companies to broaden its business scope into areas such as infrastructure and equipment finance.

An industry source said sustaining growth in non-interest income will be critical as lending expansion remains constrained, adding that the success of new business lines will play a key role in shaping future performance.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260205010001717

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Israel orders eviction of Bedouins as settlers target West Bank schools | Israel-Palestine conflict News

Israeli occupation authorities have intensified their campaign of forced displacement across the occupied West Bank, issuing expulsion orders to an entire Bedouin community east of Ramallah and escalating demolition policies in occupied East Jerusalem.

The measures come amid a surge in settler violence targeting educational institutions in the Jordan Valley and residential homes in Qalqilya, further shrinking the living space for Palestinians under military occupation.

‘Zone of expulsion’

On Sunday morning, Israeli forces raided the Abu Najeh al-Kaabneh Bedouin community in al-Mughayyir village, east of Ramallah.

Local sources confirmed to the Wafa news agency that soldiers delivered a military order requiring the community’s 40 residents to dismantle their homes and leave the area within 48 hours. The army declared the site a “closed military zone”, a tactic frequently used to clear Palestinian land for settlement expansion.

During the raid, Israeli troops arrested three foreign solidarity activists attempting to document the eviction order.

The expulsion order is part of a widening campaign of ethnic cleansing in the region. It follows the complete displacement of the Shallal al-Auja community north of Jericho, which concluded on Saturday. After years of systematic harassment, the last three families of the community were forced to leave, marking the erasure of a presence that once included 120 families.

Al-Aqsa provocations

In occupied East Jerusalem, Israel’s municipal policies of urban restriction continued to displace Palestinians.

On Sunday, Yasser Maher Dana, a Palestinian resident of the Jabal Mukaber neighbourhood, was coerced into demolishing his 100-square-metre (1,076-square-foot) home. The structure, located in the al-Salaa district, housed four family members.

Israeli authorities routinely force Palestinians in East Jerusalem to execute their own demolition orders to avoid paying exorbitant fees charged by municipal crews and forces if they carry out the destruction themselves. These demolitions are justified by a lack of building permits, which rights groups say are nearly impossible for Palestinians to obtain in the city.

Simultaneously, in Silwan, south of Al-Aqsa Mosque, the municipality issued a demolition order for a residential room belonging to the al-Taweel family, granting them a 10-day deadline. This follows notices issued three days before demolishing two homes belonging to brothers in the Wadi Qaddum neighbourhood.

Tensions also rose at the Al-Aqsa Mosque compound, stormed by dozens of Israeli settlers under heavy police protection. According to the Jerusalem governorate, the incursion included a provocative “wedding blessing” ritual performed by settlers for a bride in the courtyards, a violation of the site’s status quo.

Settlers attack schools and homes

In the northern Jordan Valley, Israeli settlers, backed by the military, disrupted the school day at the al-Maleh School.

Azmi Balawneh, the director of education in Tubas, reported that settlers blocked teachers from reaching the school, which serves children from the vulnerable Bedouin communities of al-Hadidiya, Makhoul, and Samra.

This harassment coincides with the establishment of a new illegal settlement outpost in the al-Maleh area just a week ago. In the nearby Khirbet Samra, settlers erected a new tent on Sunday morning to seize more pastoral land.

Meanwhile, in the village of Faraata, east of Qalqilya, settlers from the illegal “Havat Gilad” outpost attacked the home of Hijazi Yamin.

Yamin told Wafa that settlers pelted his house and unleashed an attack dog on his family, trapping his wife and seven children inside.

“We live in a constant state of insecurity,” Yamin said, noting this was the second attack in a week. “I am afraid to leave my wife and children alone or let them go to school.”

Military raids and closures

Israeli forces conducted multiple raids across the West Bank on Sunday, arresting at least four Palestinians. In Hebron, two brothers were arrested following a raid on their family home. More arrests were reported in the village of Duma, south of Nablus, and in the town of al-Ubeidiya, east of Bethlehem.

In the northern city of Jenin, military vehicles stormed the city centre and the Jabel Abu Dhuhair neighbourhood. During the incursion, troops deliberately destroyed street vendors’ carts at the Cinema Roundabout, targeting the local economy.

Movement restrictions also tightened significantly. For the second consecutive day, the Israeli army closed the main entrance to Turmus Aya, north of Ramallah, and blocked the Atara military checkpoint since the early morning hours, severing connections between northern and central West Bank cities. According to the Colonization and Wall Resistance Commission, Israel now operates 916 military checkpoints and gates throughout the West Bank.

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