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Will plan for fourth internet-only bank succeed?

Four startups - Lendit, Lunit, Jobis & Villains and Travel Wallet - as well as Hyundai Marine & Fire Insurance jointly formed the U-Bank Consortium earlier this week, aiming to become the country s fourth internet-only bank. So far, there are three internet-only banks in Korea: Kbank, KakaoBank and Toss Bank. ....

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Competition heats up among banks over currency exchange, overseas payment services

Local commercial banks are rushing to introduce foreign currency conversion fee waivers, in a move to lock in a greater number of outbound travelers amid heated market competition, market watchers said Wednesday. ....

Inch On Gwangyoksi , South Korea , Incheon International Airport , Incheon International , Toss Bank , Check Card , Internet Only Bank , Foreign Exchange , Hinhanm Kb , South Korea , He Korea Times , Orea Times , Orean News In English ,

Internet-only banks attract 40 mil. customers 7 years after opening

It has been almost seven years since internet-only banks began operations in Korea. Since then, the three internet-only banks have expanded their presence by leveraging distinguished services and competitive interest rates, surpassing a total of 40 million customers. ....

Toss Bank , Internet Only Bank , South Korea , He Korea Times , Orea Times , Orean News In English ,

Internet-only banks post 70% jump in mortgage loans

Internet-only banks have logged substantial growth in the number of mortgages offered to borrowers, seeing their collective balance increase year-on-year by more than 70 percent during the past year, far surpassing the country s four major lenders increase rate that stood at 3 percent last year. ....

South Korea , Yang Kyung Sook , Democratic Party Of Korea Rep , Korea Federation Of Banks , Democratic Party , Toss Bank , Korea Federation , Digital Bank , Mortgage Loan , Internet Only Bank , South Korea , He Korea Times , Orea Times , Orean News In English ,

KakaoBank launches mutual fund products - The Korea Times

KakaoBank said Tuesday that it began selling six mutual fund products. This is the first time for an internet-only bank in Korea to launch such a service. ....

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