Most Popular
-
1
Yoon's approval rating plunges to all-time low
-
2
S. Korea votes in favor of Palestinian bid for UN membership
-
3
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
4
Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
-
5
[From the Scene] Monks, Buddhists hail return of remains of Buddhas
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
-
6
Medical schools granted enrollment quota flexibility for next year
-
7
Yoon offers first one-on-one meeting with opposition leader next week
-
8
France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
-
9
Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
-
10
Chinese man behind drug scam targeting teens nabbed in Cambodia
Kakao Bank to raise W500b in capital by issuing new shares
By Jung Min-kyungPublished : Oct. 16, 2019 - 17:53
The decision was approved by its board, as the firm seeks to improve its fiscal soundness.
According to Kakao Bank, it will issue 100 million new common stocks priced at 5,000 won per share. The record date for the shares is scheduled Nov. 5 and the stocks will be listed on Nov. 22.
Once the capital increase process is completed, Kakao Bank will have a total paid-in capital of 1.8 trillion won, the firm said.
The announcement comes as the bank has been hoping to improve its capital adequacy ratio which plummeted to 11.74 percent in June.
This is the second-lowest among Korean banks, as local commercial banks have managed to maintain an average CAR of 13 percent.
By Jung Min-kyung (mkjung@heraldcorp.com)
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
![[Today’s K-pop] Illit drops debut single remix](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/19/20240419050612_0.jpg&u=)