OK Financial Group to acquire Pepper Savings Bank (terminated)
- Deal value
- —
- Stake
- —
- Implied 100%
- —
- Revenue
- $215m
- Op. income
- -$84m
- Multiples
- —
2024 별도 · DART-verified
2024 별도 · DART-verified
DART 20250404001374
- Target
- Pepper Savings Bank · Savings bank
- Buyer
- OK Financial Group · SI
- Seller
- Pepper Group
- Structure
- —
- Announced
- Jul 31, 2025
- Closed
- —
- Stage
- Terminated
Target
Savings bank formed in 2013 when Australia's Pepper Group acquired Neulpureun Savings Bank (Gyeonggi) and Hanul Savings Bank (Honam); 7th largest with about KRW 3tn in assets as of 2024 (Biz Hankook).
Deal rationale
Per Biz Hankook, acquiring Pepper would make OK Savings Bank (about KRW 13tn) the industry leader ahead of SBI and extend OK's operating area into Gyeonggi, in line with its goal of becoming a comprehensive financial group; OK completed due diligence in March 2025. SBS Biz reported Pepper's side proposed a price in the low KRW 200bn range in June 2025 but talks were reportedly halted over a large price gap. Pepper Group's official reason for selling was not reported.
| Revenue | $215m |
| Operating income | -$84m |
| EBITDA | — |
| Net income | — |
2024 별도 · DART-verified · 20250404001374
Press coverage
- 딜사이트 (2025-07-31): “거래가격은 1900억원 안팎으로 전해진다.”
- 딜사이트 (2025-08-08): “당초 2000억원대 매각가가 거론됐으나 최근 SPA 체결을 앞두고 최종 1900억원대로 매각가가 내린 것으로 전해진다.”
- SBS Biz (2025-07-30): “한편 페퍼저축은행 인수도 중단한 것으로 알려집니다.”
- 딜사이트 (2026-03-27): “가격 등 조건에서 이견을 좁히지 못해 거래가 무산된 바 있다.”
- 비즈한국 (2025-08-05): “페퍼저축은행과의 인수 협상은 진행 중이다”
- 뉴스스페이스 (2026-04-09): “당기순손실 역시 555억원으로 전년에 이어 2년 연속 적자”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.