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Native name | 케이뱅크 |
---|---|
Company type | Private company |
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) |
K Bank ( Korean: 케이뱅크) is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation. [1]
K Bank 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 K bank to become the second largest shareholders of the bank. [5]
In September 2022, K bank received approval for its initial public offering on the Korea Exchange although timing had not been determined yet. [6]
K bank offers the same products as traditional banks from debit cards to small loans. [2]