This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) This article contains content that is written like an advertisement. Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view. (September 2019) (Learn how and when to remove this template message) This article may contain wording that promotes the subject through exaggeration of unnoteworthy facts. Please help improve it by removing or replacing such wording. (September 2019) (Learn how and when to remove this template message) This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: "K Bank" – news · newspapers · books · scholar · JSTOR (August 2019) (Learn how and when to remove this template message) (Learn how and when to remove this template message)
K Bank
Native name
케이뱅크
Company typePrivate company
IndustryFinancial services
FoundedJanuary 17, 2016; 8 years ago (2016-01-17)
Headquarters
Seoul
,
South Korea
ServicesOnline banking
Mobile banking
Loan and deposit
Debit card
Overseas remittance
OwnerBC Card
Woori Bank
MBK Partners
Bain Capital
Number of employees
7,201 (2017)
Websitewww.kbbanknow.com (Korean)

K Bank (Hangul: 케이뱅크) is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation.[1]

History

K 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

K bank offers the same products as traditional banks from debit cards to small loans.[2]

References

  1. ^ "Kakao, KT Surge After South Korea Grants Online Banking Permits". Bloomberg News. 29 November 2015.
  2. ^ a b "Internet-only banks should spur financial innovations: The Korea Herald". December 2015.
  3. ^ "Asia: First internet-only banks in South Korea | RFI Global". www.rfigroup.com. Archived from the original on 26 October 2019.
  4. ^ "Kakao Bank Easily Tops K-Bank's Record-Breaking Run".
  5. ^ 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.
  6. ^ Global, K. E. D. "Internet lender K Bank gets green light for IPO". The Korea Economic Daily. Retrieved 2022-10-22.

External links

KT Corporation
Banking in South Korea
Categories