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South Korea's Kakao Bank defends valuation method ahead of IPO

Summary by Ground News
Kakao Bank is South Korea's largest digital bank. CEO Yun Ho-young says Kakao Bank's valuation is reasonable because its business is based on mobile devices. Financial Supervisory Service has demanded that Kakao Pay correct its IPO prospectus. Last month, leading online game developer Krafton cut its IPO price by more than 10%.
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NikkeiNikkei
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South Korea's Kakao Bank defends valuation method ahead of IPO

Digital lender aims to reach Asian markets after next month's share flotation

·Japan
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Nikkei broke the news in Japan on Tuesday, July 20, 2021.
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