View source for K Bank

{{Other uses|KBANK (disambiguation){{!}}KBANK}}
{{Multiple issues|
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{{Infobox company
| name = KBank
| logo = File:Kbank logo.svg
| logo_size =
| native_name = 케이뱅크
| native_name_lang = ko
| type = [[Private company]]
| traded_as =
| industry = [[Financial services]]
| foundation = {{start date and age|2016|1|17}}
| hq_location =
| hq_location_city = [[Seoul]]
| hq_location_country = South Korea
| key_people =
| services = Online banking <br /> Mobile banking <br /> Loan and deposit <br /> Debit card <br /> Overseas remittance
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = [[BC Card]]<br />[[Woori Bank]]<br />[[MBK Partners]]<br />[[Bain Capital]]
| num_employees = 7,201 (2017)
| homepage = {{URL|https://www.kbanknow.com/ib20/mnu/PBKMAN000000|www.kbbanknow.com}} (Korean)
}}
'''K Bank''' ({{Korean|hangul=케이뱅크}}) is an [[online bank]] based in [[South Korea]]. Its largest owner is the telecommunications company, [[KT Corporation]].<ref>{{Cite news | url=https://www.bloomberg.com/news/articles/2015-11-29/south-korea-grants-kakao-kt-led-groups-permits-for-online-banks | title=Kakao, KT Surge After South Korea Grants Online Banking Permits | newspaper= [[Bloomberg News]] | date=29 November 2015 }}</ref>
==History==
K Bank launched in 2017, when both KT and [[Kakao]] were given licenses to launch Internet-only banks in Korea.<ref name="auto">{{Cite web|url=https://www.straitstimes.com/asia/east-asia/internet-only-banks-should-spur-financial-innovations-the-korea-herald|title=Internet-only banks should spur financial innovations: The Korea Herald|date=December 2015}}</ref> These two became the first new banks to launch in two decades.<ref>{{Cite web
|archive-url=https://web.archive.org/web/20191026051050/https://www.rfigroup.com/global-retail-banker/news/asia-first-internet-only-banks-south-korea|archive-date= 26 October 2019 |url-status=dead |url=https://www.rfigroup.com/global-retail-banker/news/asia-first-internet-only-banks-south-korea|title=Asia: First internet-only banks in South Korea &#124; RFI Global|website=www.rfigroup.com}}</ref> The bank attracted 250,000 customers in its first two weeks.<ref>{{Cite web|url=http://english.chosun.com/site/data/html_dir/2017/07/31/2017073101570.html|title = Kakao Bank Easily Tops K-Bank's Record-Breaking Run}}</ref>
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.<ref>{{Cite web |last=Ga-young |first=Park |date=2021-05-26 |title=K bank's capital jump to W2.1tr with inflow of new shareholders |url=https://www.koreaherald.com/view.php?ud=20210526000815 |access-date=2022-10-22 |website=[[The Korea Herald]]}}</ref>
In September 2022, K bank received approval for its [[initial public offering]] on the [[Korea Exchange]] although timing had not been determined yet.<ref>{{Cite web  |title=Internet lender K Bank gets green light for IPO |url=https://www.kedglobal.com/ipos/newsView/ked202209200019 |access-date=2022-10-22 |website= [[The Korea Economic Daily]]}}</ref>
==Services==
K bank offers the same products as traditional banks from debit cards to small loans.<ref name="auto"/>
==References==
{{reflist}}
==External links==
{{Portal|Banks}}
* [https://www.kbanknow.com/ib20/mnu/PBKMAN000000 Official website] (Korean)
{{KT}}
{{Banking in South Korea}}
[[Category:Online banks]]
[[Category:Banks established in 2016]]
[[Category:Banks of South Korea]]
[[Category:South Korean companies established in 2016]]
[[Category:Bain Capital companies]]