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KBank

Native name	케이뱅크
Company type	Private company
Industry	Financial services
Founded	January 17, 2016; 8 years ago (2016-01-17)
Headquarters	Seoul, South Korea
Services	Online banking Mobile banking Loan and deposit Debit card Overseas remittance
Owner	BC Card Woori Bank MBK Partners Bain Capital
Number of employees	7,201 (2017)
Website	www.kbbanknow.com (Korean)

K Bank (Korean: 케이뱅크) 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. These two became the first new banks to launch in two decades. The bank attracted 250,000 customers in its first two weeks.

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.

In September 2022, K bank received approval for its initial public offering on the Korea Exchange although timing had not been determined yet.

Services

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

See also

• List of banks in South Korea

References

1. "Kakao, KT Surge After South Korea Grants Online Banking Permits". Bloomberg News. 29 November 2015.
2. ^ "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. "Internet lender K Bank gets green light for IPO". The Korea Economic Daily. Retrieved 2022-10-22.

External links

• Official website (Korean)

v t e KT Corporation
Affiliates	Current BC Card Genie Music K Bank KT SkyLife SkyTV TVING Former/defunct KTF KT Tech Korea Mobile Telecommunications Sidus
Services	NESPOT Genie TV
Sports	KT Rolster KT Shooting Team KT Wiz Suwon KT Sonicboom

v t e Banking in South Korea
Central bank	Bank of Korea
Specialized bank	Export–Import Bank of Korea Industrial Bank of Korea Korea Development Bank Nonghyup Bank Suhyup Bank
Commercial bank	Nationwide Citibank Korea Hana Bank Kookmin Bank Shinhan Bank Standard Chartered Korea Woori Bank Local Busan Bank Daegu Bank Jeju Bank Jeonbuk Bank Kwangju Bank Kyongnam Bank Internet-only K Bank KakaoBank Toss Bank
Category Commons List

• Online banks
• Banks established in 2016
• Banks of South Korea
• South Korean companies established in 2016
• Bain Capital companies