WILL KAKAO BANK’S IPO IN 2021 TURN THE MARKET AROUND?

• Kakao Bank, one among a small number of digital banks in Korea, became a profitable solution in 2019 after just 18 months of operation. The bank is all set to launch an initial public offering (IPO) in 2021. The process of selecting underwriters is underway.
• The key questions f...

INTERNET GIANT KAKAO IN PURSUIT OF EXCHANGEABLE BONDS TO EFFECT M&A’S

• South Korea‘s internet giant Kakao is mulling on allotting $300 million worth of exchangeable bonds to gather the capital  for its future mergers and acquisitions activities, the company said in a filing Thursday.
• The US dollar-enriched exchangeable bonds will be iss...

KAKAO PAGE IPO MARKET DEADLINE TO BE PUSHED BACK FURTHER

• The IPO entry timing of Kakao Page, an online content affiliate of mobile IT parent company Kakao, is expected to be pushed down further to sometime around late 2021 or even pushed to 2022.
• The entertainment company, which delivers online cartoons, web novels, films and books, ...

KAKAO BANK Q1 NET ALMOST TRIPLES

Highlights:

• Kakao Bank, South Korea’s top internet-only lender, first-quarter net profit nearly triples due to increased interest income.
• Net profit reported being 18.5 billion won which is equivalent to USD 15.2 million.
• The first-qu...

KAKAO BANK SWUNG TO PROFIT THIS YEAR

Highlights –

• Kakao Bank made a profit last year of about $11. 4 billion
• Kakao Bank is readying to go public this year
• It plans to unveil innovative fintech offerings with Kakao

According to reports by The Korea Hera...

KAKAO BANK LAUNCHES STOCK TRADING SERVICES IN THEIR APPLICATION

Highlights –

• NH Investment & Securities trading services now available on Kakao Bank
• The application has almost 1.2 Million users
• Kakoa Pay acquires Baro Investment & Securities

South Korea's leading IT giant Kakao Corp. ...