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The race to receive the license to become South Korea’s fourth internet-only bank is growing fiercer, with four bidders announcing their will to contend. There are currently three online lenders in Korea: KBank, Kakao Bank and Toss Bank. But four new contenders Soso Bank, Korea Credit Data Bank, and the U-Bank and Douzone Bank consortiums have lined up to compete for the fourth license. In line with the l.
The credit card arms of financial groups are seizing the opportunity presented by the overseas travel boom to attract more customers, whose spending outside the country has been increasing for the fourth consecutive year up to 2023.