SEOUL, April. 7 (Korea Bizwire) – K Bank, South Korea’s first internet-only bank that opened Monday after months of anticipation, is already off to a good start, leaving more excitement for the upcoming launch of the second bank of its kind, Kakao Bank. Over 100,000 locals had opened a K Bank account as of Thursday, [...]
SEOUL, April 4 (Korea Bizwire) – South Korea’s first Internet-only bank, K-Bank, has attracted more than 60,000 accounts in just two days since launching operations, the lender said Tuesday. K-Bank, formed by a consortium of KT Corp., Woori Bank and 19 other companies, began its operations at midnight Sunday. The pace of growth in K-Bank’s [...]
SEOUL, April 4 (Korea Bizwire) – Yesterday marked the official launch of South Korea’s very first online-only bank, K Bank, and more than 20,000 new customers have already signed up to open new accounts. On the day the bank launched its service, nearly 15,320 internet-only bank accounts were opened by three in the afternoon, surpassing [...]
SEOUL, April 3 (Korea Bizwire) – Internet-only banks will promote innovation in South Korea’s financial sector that has been struggling with slower growth and slim margins, the financial regulator head said Monday. Yim Jong-yong, chairman of the Financial Services Commission (FSC), made the remarks as one of two Internet banks, K-Bank, launched its operations earlier [...]
SEOUL, July 7 (Korea Bizwire) – “What is the use of interest rates if they are already too low? Aren’t you tired of entering long account numbers every time you transfer money?” Kakao Bank, an Internet-only bank, held a presentation to discuss its business model and the future of its services on Wednesday, July 6, at [...]
SEOUL, Dec.1 (Korea Bizwire) – K Bank Consortium, which has gained preliminary approval as an internet-only bank, pledged that it will create an innovative success model and lead the revitalization of the economy. Company officials also mentioned their vision to make ‘community neo-banks’ that are friendly and easy to use for everyone. Officials also laid [...]