| KBank | |
| Native Name: | 케이뱅크 |
| Native Name Lang: | ko |
| Type: | Private company |
| Industry: | Financial services |
| Hq Location City: | Seoul |
| Hq Location Country: | South Korea |
| Services: | Online banking Mobile banking Loan and deposit Debit card Overseas remittance |
| Owner: | BC Card Woori Bank MBK Partners Bain Capital |
| Num Employees: | 7,201 (2017) |
| Homepage: | (Korean) |
K Bank is an online bank based in South Korea. Its largest owner is the telecommunications company, KT Corporation.[1]
K Bank launched in 2017, when both KT and Kakao were given licenses to launch Internet-only banks in Korea.[2] These two became the first new banks to launch in two decades.[3] The bank attracted 250,000 customers in its first two weeks.[4]
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.[5]
In September 2022, K bank received approval for its initial public offering on the Korea Exchange although timing had not been determined yet.[6]
K bank offers the same products as traditional banks from debit cards to small loans.[2]