Tag: internet bank

internet bank

Latest News

Kbank CEO Choi Woo-hyoung speaks to reporters during a press conference on the online-only bank's planned initial public offering in March in Yeouido, western Seoul, on Feb. 5. [KBANK]

Kbank to become stablecoin's biggest beneficiary, says its CEO ahead of IPO

Kbank, Korea’s first online-only bank, will become the biggest beneficiary bank of stablecoin, said its CEO, as the bank announced its expansion plans ahead of the scheduled initial public offering (IPO) next month.

2026.2.5

Internet-only banks up interest rates in bid to stymie outflow to bullish bourses

Internet-only banks and savings banks are raising interest rates on fixed deposits, with more products now offering rates in the 3 percent range in a strategy to retain deposits amid rising market rates and a buoyant stock market.

2025.11.24

Inclusiveness needed for a fourth internet bank (KOR)

The use of innovative credit rating models and inclusive digital financial instruments is the core of the 4th internet bank.

2024.11.4

Inclusiveness needed for a fourth internet bank

The use of innovative credit rating models and inclusive digital financial instruments is the core of the 4th internet bank.

2024.11.3

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

Toss bank signs at its office building in Gangnam District, southern Seoul [TOSS BANK]

Toss Bank to issue new shares worth $75 million

Toss Bank board members decided to raise capital by issuing new stocks worth 100 billion won ($75 million), the company announced Thursday.

2022.11.24

KakaoBank sign at its office [KAKAOBANK]

KakaoBank beats expectations with 78.72 billion won net in Q3

Internet-only KakaoBank reported 78.72 billion won ($55 million) in net profit in the third quarter

2022.11.2

The office building of K Bank in Jung District, central Seoul [K BANK]

K Bank reports record net profit of 45.7 billion won in first half

K Bank reported a record net profit of 45.7 billion won ($34.9 million) in the first half, according to the bank on Tuesday. This is a turnaround from a net loss of 8.4 billion won in the first half of 2021.

2022.8.16

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

KakaoBank office in Pangyo, Gyeonggi [KAKAOBANK]

KakaoBank's net plunges 17.7% to $43.5 million

KakaoBank's net fell 17.7 percent in the second quarter to 57 billion won ($43.5 million), more than 20 percent lower than FnGuide’s 74.1-billion-won projection.

2022.8.3

Tag: internet bank

internet bank

Latest News

Kbank to become stablecoin's biggest beneficiary, says its CEO ahead of IPO

Internet-only banks up interest rates in bid to stymie outflow to bullish bourses

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