Tag: online bank

online bank

Latest News

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

Kakao Bank CEO Yun Ho-young holding an online press briefing at it's Seoul office in Yeouido, Seoul, Tuesday. [KAKAO BANK]

Kakao Bank goes big into mortgages

Kakao Bank, the biggest online bank, is aggressively going into the mortgage market.

2022.2.15

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Toss Bank's headquarters in Gangnam on Monday. Toss Bank, Korea's third online-exclusive bank, will be making its debut on Oct. 5. [NEWS1]

Third online bank, Toss, to start business

Toss makes its official debut as the country’s third online bank on Tuesday. Toss, a fintech company founded in 2013, already has 1 million people applying for time deposit accounts, thanks to the generous 2 percent interest rates it is offering.

2021.10.4

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

Kakao Bank bottom line booms on commission haul

Kakao Bank’s net profit increased by 600 percent on year to 40.6 billion won ($35.5 million) in the third quarter, as more customers opened stock accounts and applied for credit cards via the online bank, the company announced Wednesday.

2020.11.4

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

K bank's recapitalization gets green light from the FSS

K bank's recapitalization was approved by the Financial Supervisory Service (FSS), allowing BC Card and Woori Bank to swoop in with hundreds of billions of won and pull Korea's first online-only bank back from the brink.

2020.7.22

Tag: online bank

online bank

Latest News

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

Kakao Bank goes big into mortgages

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Third online bank, Toss, to start business

K bank to issue 1.25 trillion won in new shares

Kakao Bank bottom line booms on commission haul

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

K bank's recapitalization gets green light from the FSS