Kiwoom, Toss vie for internet bank approval
- 5 years ago
제3 인터넷은행에 3곳 출사표…키움 vs 토스 2파전 압축
The Korean government is considering two applications from companies that want to start new internet-only banks.
Those companies are Kiwoom Securities... and Viva Republica, the company that made a mobile money transfer app called Toss.
They submitted their applications this week.
If they're approved they'll launch the banks next year.
Korea currently has two internet-only banks -- K-Bank and Kakao Bank, both of which were started in 2017.
The financial authorities have said they might approve only one or both of them, but the final decision will be come out in May.
The Korean government is considering two applications from companies that want to start new internet-only banks.
Those companies are Kiwoom Securities... and Viva Republica, the company that made a mobile money transfer app called Toss.
They submitted their applications this week.
If they're approved they'll launch the banks next year.
Korea currently has two internet-only banks -- K-Bank and Kakao Bank, both of which were started in 2017.
The financial authorities have said they might approve only one or both of them, but the final decision will be come out in May.