K Bank

K Bank is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation.

History
K Bank launched in 2017, when both KT and Kakao were given licenses to launch Internet-only banks in Korea. These two became the first new banks to launch in two decades. The bank attracted 250,000 customers in its first two weeks.

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.

In September 2022, K bank received approval for its initial public offering on the Korea Exchange although timing had not been determined yet.

Services
K bank offers the same products as traditional banks from debit cards to small loans.