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Korea's 1st internet-only bank open for service

'K bank', Korea's first internet-only bank is officially launched on April 3 for service. With the launch of the first ever internet-only bank, financial consumers are now able to enjoy more conveneient and innovative banking services at lower costs compared…
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News stories on internet-only bank

News articles on Korea's first internet-only banks are on newspapers past few days. Here are the links of the stories for those who might be interested. *Bloomberg: http://me2.do/5uXU4iLs *Reuters: http://me2.do/50H9K20S *Joongang Daily: http://me2.do/FPMk78w3 *Korea…
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Internet-only banks by Kakao and KT to open for service soon

Hi folks, this is Frank. On Sunday, the FSC held its meeting and decided to give preliminary approval to two consortiums led by Kakao and KT to establish internet-only banks for the first time in Korea's banking history. There are lots of works left to be…
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First Internet-only bank in Korea to appear within this year

According to the plan announced by the FSC on June 18, one or two internet-only banks will start business by the end of this year. Financial consumers are expected to benefit from more diverse, convenient, and affordable financial services. Internet-only banks…
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Open Seminar on Introduction of Internet-only Bank in Korea

“Unfortunately, past two trials to create internet-only bank in Korea were foundered despite ambitious and enthusiastic efforts," FSC Chairman Yim Jong-yong said at his congratulatory remark during an open seminar for introduction of internet-only bank held on…