January 21, 2017 12:54 PM ET

Internet Software and Services

Company Overview of K-Bank

Company Overview

K-Bank provides online banking services which includes handling deposits, loans, credit cards, and providing wealth management products. The company is based in South Korea. K-Bank operates as a subsidiary of KT Corp.

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South Korea

Key Executives for K-Bank

K-Bank does not have any Key Executives recorded.

K-Bank Key Developments

POSCO Considers To Bid For Woori

POSCO (KOSE:A005490 ) is considering to bid for Woori Bank Co., Ltd. (KOSE:A000030), which the government is planning to privatize in 2016. Korea Deposit Insurance Corporation is currently holds 51.8% stake in Woori, in which it wants to sell off 30%, which will be divided into 4-8% stakes. POSCO currently has an interest in Woori via K-Bank. The Carlyle Group LP (NasdaqGS:CG), Affinity Equity Partners, Baring Private Equity Asia and MBK Partners are also reportedly taking an interest in Woori.

Hyundai Securities To Sell Stake In K-Bank

Hyundai Securities Co., Ltd. (KOSE:A003450) plans to sell its stake in K-Bank. Hyundai Securities will seek a board approval for the transaction at a meeting on June 28, 2016. "We gained the consent from K Bank's other shareholders regarding the share sell-off," a Hyundai Securities official said. "We will begin the disposal procedure in earnest after the board's decision," official added.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 25, 2016
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