K Bank
South Korean online bank
From Wikipedia, the free encyclopedia
Kbank (Korean: 케이뱅크) is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation.[1]
 | |
Native name | 케이뱅크 |
|---|---|
| Company type | Private company |
| KRX: 279570 | |
| Industry | Financial services |
| Founded | January 17, 2016 |
| Headquarters | , 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) |
History
Kbank launched in 2017, when both KT and Kakao were given licenses to launch Internet-only banks in Korea.[2] These two became the first new banks to launch in two decades.[3] The bank attracted 250,000 customers in its first two weeks.[4]
In May 2021, MBK Partners and Bain Capital invested 200 billion won each in Kbank to become the second largest shareholders of the bank.[5]
In September 2022, Kbank received approval for its initial public offering on the Korea Exchange although timing had not been determined yet.[6]
Services
Kbank offers the same products as traditional banks from debit cards to small loans.[2]
