Tag: k bank

k bank

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The logos of of internet banks in Korea [JOONGANG ILBO]

Four contenders vie to become Korea's new internet bank in a struggling market

Four contenders have filed for approval to become Korea's fourth internet-only bank.

2024.4.26

Internet-only banks are neither more competitive nor innovative

Customers of internet banks are switching to commercial banks as traditional banks start introducing financial products with higher interest rates and internet banks lack a full range of services.

2022.8.15

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SungEel HiTech CEO Yi Kang-myung, center, celebrates the listing of the company on Kosdaq on July 28. [NEWS1]

Korean IPOs scuttled as listing madness comes to a fast end

With stocks down and investors feeling burned, initial public offerings (IPO) are being cancelled, delayed and reconsidered.

2022.8.2

Internet-only banks rapidly extend loans to less creditworthy

Internet-only banks are aggressively lending to borrowers with weak credit.

2022.4.7

Kbank reports 16.8-billion-won net profit in the third quarter

Kbank posted 16.8 billion won ($14.3 million) in net profit in the third quarter, raising expectations the internet-only bank may turn to profit this year for the first time ever.

2021.11.2

K Bank headquarters in Jongno District, central Seoul, in February 2020. [NEWS1]

K bank turns a profit in second quarter, its first ever

K bank is finally making money.

2021.8.3

Toss Bank CEO Hong Min-taek speaks during an online press briefing held Wednesday. [TOSS BANK]

Toss Bank approved, to open in September

Toss Bank will open in September as it has obtained a license to operate as the country's third internet-only bank, after K bank and KakaoBank.

2021.6.9

A graph tracing prices of bitcoin is displayed at a digital screen operated by Bithumb in Gangnam Distrcit, southern Seoul, on Tuesday. Bitcoin prices rose by 1.89 percent at Bithumb Tuesday morning to 44.12 million won ($39,900) compared to 24 hours ago, according to the exchange. [YONHAP]

Some banks profit from crypto-craze

The amount of money used from bank accounts for cryptocurrency trading was over 64 trillion won ($57.9 billion) in the first quarter of this year, according to a report released by the office of Rep. Kim Byung-wook of the Democratic Party of Korea.

2021.6.1

K bank to issue 1.25 trillion won in new shares

K bank, the first online bank to open in Korea, is issuing 1.25 trillion won ($1.12 billion) worth of new stock.

2021.5.26

K bank CEO Lee Mun-whan speaks at a press conference held at the Korea Federation of Banks' building in Myeong-dong, central Seoul, on Tuesday. [K BANK]

K bank to offer Korea's first online-only mortgages

K bank plans to launch an online-only mortgage service next month after 400 billion won of fresh capital was pumped into the company by BC Card and Woori Bank last month.

2020.8.4