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K Bank (Korean: 케이뱅크) is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation.[1]
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Native name | 케이뱅크 |
|---|---|
| Company type | Private company |
| Industry | Financial services |
| Founded | January 17, 2016 |
| Headquarters | , South Korea |
| Services | Online banking Mobile banking Loan and deposit Debit card Overseas remittance |
| Owner | BC Card Woori Bank MBK Partners Bain Capital |
Number of employees | 7,201 (2017) |
| Website | www.kbbanknow.com (Korean) |
History
editK Bank launched in 2017, when both KT and Kakao were given licenses to launch Internet-only banks in Korea.[2] These two became the first new banks to launch in two decades.[3] The bank attracted 250,000 customers in its first two weeks.[4]
In May 2021, MBK Partners and Bain Capital invested 200 billion won each in K bank to become the second largest shareholders of the bank.[5]
In September 2022, K bank received approval for its initial public offering on the Korea Exchange although timing had not been determined yet.[6]
Services
editK bank offers the same products as traditional banks from debit cards to small loans.[2]
References
edit- ^ "Kakao, KT Surge After South Korea Grants Online Banking Permits". Bloomberg News. 29 November 2015.
- ^ a b "Internet-only banks should spur financial innovations: The Korea Herald". December 2015.
- ^ "Asia: First internet-only banks in South Korea | RFI Global". www.rfigroup.com. Archived from the original on 26 October 2019.
- ^ "Kakao Bank Easily Tops K-Bank's Record-Breaking Run".
- ^ Ga-young, Park (2021-05-26). "K bank's capital jump to W2.1tr with inflow of new shareholders". The Korea Herald. Retrieved 2022-10-22.
- ^ "Internet lender K Bank gets green light for IPO". The Korea Economic Daily. Retrieved 2022-10-22.
External links
edit
- Official website (Korean)