K Bank
K Bank (Hangul: 케이뱅크) is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation.[1]
 | |
| Private company | |
| Industry | Financial services |
| Founded | January 17, 2016 |
| Headquarters | Jongno, Seoul, |
| Services | Online banking Mobile banking Loan and deposit Debit card Overseas remittance |
| Owner | KT Corporation |
Number of employees | 7201 (2017) |
| Website | www |
History
K Bank launched in 2017 when both KT and Kakao were given licenses to launch Internet-only banks in Korea.[2] K Bank was the first to launch, becoming the first new bank to launch in two decades.[3] When it first launched, the bank was able to attract 250,000 new customers in its first two weeks.[4]
Services
Since its launch, the bank has offered the same products as traditional banks from offering debit cards to offer small loans to consumers.[5]
References
- https://www.bloomberg.com/news/articles/2015-11-29/south-korea-grants-kakao-kt-led-groups-permits-for-online-banks
- https://www.straitstimes.com/asia/east-asia/internet-only-banks-should-spur-financial-innovations-the-korea-herald
- https://www.rfigroup.com/global-retail-banker/news/asia-first-internet-only-banks-south-korea
- http://english.chosun.com/site/data/html_dir/2017/07/31/2017073101570.html
- https://www.straitstimes.com/asia/east-asia/internet-only-banks-should-spur-financial-innovations-the-korea-herald
External links
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