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Reporter : Anna J. Park
Fri, February 23, 2024 | 12:04
Can Kbank exceed W5 tril. in IPO valuation?
Kbank, one of three domestic internet-only banks along with KakaoBank and Toss Bank, aims to pursue an initial public offering (IPO) again this year, after it withdrew its listing plan last year amid worsening market conditions. Industry watchers' attention is now on how high a valuation the internet-only lender can get from the stock market.
Mirae Asset's Canadian subsidiary surpasses $30 bil. Canadian in AUM
Mirae Asset Global Investments announced that the assets under management (AUM) of its subsidiary, Horizons ETFs, a Canadian-listed index fund management company, have surpassed $30.5 billion Canadian (30 trillion won).
Mortgage borrowers flock to refinance home loans online
The popularity of online mortgage refinancing loan services is soaring in the country, with over 1.3 trillion won ($970 million) worth of requests for transferring housing loans to other lenders having been made in just a few days since the service's launch in the past week.
Toss Bank launches commission-free foreign exchange service
Toss Bank launched a commission-free foreign exchange service on Thursday, which does not charge any fees when buying or selling currencies. The internet-only bank said it was the first domestic financial company to introduce the entirely free foreign exchange service.
Yoon vows to bolster minor shareholders' rights
President Yoon Suk Yeol pledged to enhance shareholders' rights by institutionalizing online shareholders' meetings, aiming to amplify the collective voice of minority stockholders. Additionally, he intends to amend the country's Commercial Act to curb corporate directors from pursuing personal gains.
Naver ranks highest in employee satisfaction among Korean conglomerates: Blind Index
Naver received the highest rating for employee satisfaction among major business groups in the country, with 62 points out of 100.
NPS lowers stakes in POSCO Holdings, Kakao
The National Pension Service (NPS), Korea's largest institutional investor, has reduced its stakes in POSCO Holdings and Kakao, while increasing shareholdings in Samsung Electro-Mechanics during the last quarter of 2023.
Financial authorities warn of rise in crypto investment scams
A new cryptocurrency scam has become prevalent in the country, with financial authorities calling on investors to remain vigilant against fraudulent activities regarding coin investment.
Over 50 companies await Kosdaq listing review
Preliminary evaluations by the Korea Exchange (KRX), the country's bourse operator, on companies that filed for Kosdaq listing, are surpassing the usual timeline by several months. This delay is attributed to the heightened demand for Kosdaq initial public offerings (IPOs).
Taeyoung chairman offers SBS stakes as collateral
Yoon Se-young, founder and honorary chairman of Taeyoung Group, has pledged to offer key stakes of SBS, a major broadcaster in Korea, and TY Holdings, to salvage the group's debt-ridden construction subsidiary, if necessary.
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