south korea digital banks

Sep

South Korean digibanks expand into new market segments

South Korea’s digital banks have been among the most successful online lenders in East Asia, benefiting from the network effect of their respective digital services platforms, relatively weak incumbent digital offerings and strong demand from the country’s retail banking market for new types of products. Yet as they expand into…

Apr

Asia Banking Research

Why are digital banks in South Korea successful?

While most digital banks struggle to make money, South Korea’s are largely profitable. They have been able to scale up quickly, despite negligible financial inclusion needs. According to the World Bank, almost 99% of South Koreans have a bank account. The factors that have made Kakao Bank, K Bank and…

Feb

Asia Banking Research

Kakao comes down to earth

Kakao seems to have a case of the super-app blues, notably in its two fintech units. Shares of Kakao Bank and Kakao Pay have fallen 39% and 32% since their respective August and November debuts. Between December and late January, the Kakao group lost roughly US$25 billion in market value.

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south korea digital banks