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2021 Global Digital Banking Tour: South Korea From Micro insight of financial technology

The following is the 2021 Global Digital Banking Tour: South Korea From Micro insight of financial technology recommended by And this article belongs to the classification: research report, financial technology.

In 2015, the South Korean government promulgated the it and financial integration support program, which laid the policy foundation for South Korean Digital Banking (also known as Internet Banking). In 2017, K bank and kakao bank opened one after another. After nearly four years of development, there is a big gap between them.

Among them, kakaobank has a clear lead and is expected to officially IPO this year. This report will start from the background of the birth of Korean digital bank, take an inventory of the development status of the two major digital banks, and focus on analyzing the reasons for the development differences between kakao bank and K bank, as well as studying and judging the future competition pattern of Korean banking industry.

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