South Korea’s K bank is set to launch its initial public offering (IPO) in October, aiming to raise around KRW1tr (USD755m). The online bank plans to offer 82 million new shares at a target price of KRW9,500-12,000 each, with a total market capitalisation potentially exceeding KRW5tr. K bank intends to use the proceeds to expand small and medium-sized enterprise loans, enhance tech leadership, and develop an investment platform. This marks K bank’s second IPO attempt after a failed bid in 2022. Meanwhile, fintech firm Viva Republica, the parent of Toss Bank, is preparing for a 2025 IPO, with an estimated valuation of KRW10-20tr. Allegations against its CEO have raised concerns, but the company denied any illegal activity.