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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 ,

Is Toss' 20 tril. won valuation reasonable?

Major securities firms that have recently been preparing proposals to be selected as lead underwriters of Toss IPO plan have assessed the financial super app company s corporate valuation of around 15 to 20 trillion won ($11-15 billion). But a growing number of criticis are pointing out that the valuation is exaggerated, considering the fintech firm s substantial losses. ....

South Korea , Baek Doo San , Viva Republica , Toss Bank , Toss Securities , Korea Investment , 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 ,

Can Kbank exceed 5 tril. won in IPO valuation?

Kbank, one of three domestic internet-only banks along with KakaoBank and Toss Bank, aims to pursue an initial public offering (IPO) again this year, after it withdrew its listing plan last year amid worsening market conditions. Industry watchers attention is now on how high a valuation the internet-only lender can get from the stock market. ....

South Korea , Soult Ukpyolsi , Baek Doo San , Korea Exchange , Toss Bank , Korea Times , Citigroup Global Markets , Samsung Securities , Korea Investment , South Korea , He Korea Times , Orea Times , Orean News In English ,