Ahead of its listing on the Korea Exchange, K Bank has unveiled its mid- to long-term growth strategy. At a press conference held at the Conrad Hotel in Yeouido, Seoul on the 5th, K Bank CEO Choi Woo-hyung announced plans to use the listing as momentum to actively pursue entry into the SME market, expand its platform business, and strengthen its competitiveness in the digital asset sector.
Since its launch as Korea's first internet-only bank in January 2016, K Bank has been the first in the country to offer 100% non-face-to-face services, including mortgage loans, real estate collateral loans for self-employed individuals, and guarantee loans for self-employed individuals. Along with credit products like credit loans and jeonse loans, it also offers deposit products, savings accounts, parking accounts, and automatic savings accounts, all through a non-face-to-face approach.
As of the end of 2025, K Bank had 15.53 million customers, with loan balances reaching KRW 18.4 trillion and deposit balances reaching KRW 28.4 trillion. Based on its competitive interest rates and user convenience, K Bank achieved an average annual growth rate of 49.9% in deposits and 42.8% in loans from 2020 to 2025.
Building on this growth momentum, K Bank successfully turned a profit in 2021 and achieved its highest-ever net income of KRW 128.1 billion in 2024. Last year, it also recorded a cumulative net income of KRW 103.4 billion through the third quarter. In terms of cost efficiency, K Bank demonstrated high productivity, recording deposits of KRW 47.5 billion per employee, loans of KRW 28 billion, and earnings before reserves of KRW 420 million.
K Bank plans to use the funds secured through its IPO to expand its lineup of deposit and lending products and aggressively target the SME market. The bank aims to gradually expand its portfolio, which currently focuses on household loans, to include corporate loans, achieving a 50/50 ratio for households and SMEs by 2030. To achieve this, the bank will enhance its loan review model and strengthen its SME-specific products.
The company is also pursuing expansion of its platform business. It plans to build a suite of financial products, including alternative investments like stocks, bonds, virtual assets, and gold, and expand partnerships with diverse lifestyle companies. Furthermore, the company is exploring expansion into the digital asset sector, including collaborations with countries like Thailand and the United Arab Emirates to build a stablecoin-based international remittance and payment infrastructure.
K Bank's public offering will offer a total of 60 million shares, with a target offering price of between KRW 8,300 and KRW 9,500. Based on the upper limit of the target offering price, the total offering amount is approximately KRW 570 billion. Upon listing, KRW 725 billion from previous paid-in capital increases will be recognized as capital, resulting in an expected capital inflow of approximately KRW 1 trillion. Demand forecasting will be open until the 10th, and the offering price will be finalized on the 12th. General subscriptions will be available on the 20th and 23rd, with the listing scheduled for March 5th.
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