K Bank


K Bank is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation.

History

K Bank launched in 2017 when both KT and Kakao were given licenses to launch Internet-only banks in Korea. K Bank was the first to launch, becoming the first new bank to launch in two decades. When it first launched, the bank was able to attract 250,000 new customers in its first two weeks.

Services

Since its launch, the bank has offered the same products as traditional banks from offering debit cards to offer small loans to consumers.