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K Bank
South Korean online bank From Wikipedia, the free encyclopedia
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Kbank (Korean: 케이뱅크) is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation.[1]
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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]
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Services
Kbank offers the same products as traditional banks from debit cards to small loans.[2]
See also
References
External links
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