The bank announced that it had submitted a withdrawal notice to the Financial Services Commission regarding its KOSPI listing, originally scheduled for late this month.
The bank cited insufficient demand during the recent institutional investor book-building process.
"With a total of 82 million shares for public offering, we determined it would be difficult to attract sufficient investment demand for successful growth under the current public offering structure," a K-Bank official explained.
The bank now plans to revise its public offering structure, including the number of shares, and aims to resume the process early next year.
This marks the second time K-Bank has delayed its IPO, with the previous postponement occurring in February 2023 due to weak investment sentiment.
The company reported a net profit of 85.4 billion won (US$62.2 million) in the first half.
Its IPO had been considered a major listing in the second half of this year but faced concerns over the high proportion of share sales by existing shareholders and potential oversupply on the first trading day.
"We plan to pursue the listing again as soon as possible and will strive to ensure that our true corporate value is recognized during the listing process," a K-Bank representative said.
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