Korea Credit Bureau

Executive Summary

Korea Credit Bureau is the top company providing the basic systems for credit in South Korea, using a business model based on high transaction volumes to create very accurate risk predictions and catch fraudulent activity. The company brings in 500 million dollars in yearly sales with a profit of 80 million dollars after all expenses, showing a steady 16 percent profit margin and a very strong advantage over competitors. Their customers include every large South Korean bank and credit card provider, which ensures a reliable and repeating flow of money and protects the business during times when the market is unstable. They are growing into new areas by gathering different types of data to score people who do not have much credit history, which provides a new way to grow in a market that is already mostly full. Even though the South Korean Financial Services Commission watches them very closely with many rules, the company remains a vital service that the national economy cannot live without. This initial public offering on the KOSPI stock exchange is a unique chance to invest in a business that controls most of its market and acts as the main support for the South Korean lending system. This stock sale is expected to set a new standard for how much companies in the local financial technology and data industries are worth.