New ID verification system to allow foreigners to open bank accounts online

Jeonbuk Bank, Hana Bank and Toss Bank will use the Justice Ministry's residence card verification system starting Monday to verify foreigners' identity for online banking tasks.

2023-09-15

Korea's financial regulators step in as banks close branches

With banks continuing to reduce their branch offices, Korea's financial regulators are stepping in to reverse the trend.

2023-02-10

Kakao Bank's second quarter profit jumps almost nine-fold

Kakao Bank's net profit was up almost nine-fold in the second quarter on-year ahead of a possible public offering of stock in the second half of 2020.

2020-08-05

Against all odds, Kakao Bank roars to life in just 3 years

What started as a small online-only bank in July 2017 has grown beyond Ryan the maneless lion debit cards. Kakao Bank is now a market disrupter.

2020-07-27

korea joongAng daily

New ID verification system to allow foreigners to open bank accounts online

Korea's financial regulators step in as banks close branches

Kakao Bank's second quarter profit jumps almost nine-fold

Against all odds, Kakao Bank roars to life in just 3 years