internet-only bank Archives | Page 3 of 3

Interpark Join Forces with SK Telecom for Internet-only Bank

SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s leading online shopping site Interpark said Wednesday it has joined forces with the nation’s top mobile carrier and several other firms to win regulatory approval for running an Internet-only bank. Interpark said its consortium includes SK Telecom, the state-run Industrial Bank of Korea, GS Home Shopping and four [...]

‘Portal Internet Banks’ will Attract Customers through Portal Sites

SEOUL, August 4 (Korea Bizwire) – If internet portal sites such as Naver and Daum Kakao were to establish internet-only banks, they would be allowed to enroll new customers on their own portal sites. However, when banks set up internet-only financial institutions and are the largest shareholder, they could be disadvantaged during the accreditation review. The [...]