Digital Banks : Lessons from Korea (English)

Digital banks have been on the rise as digital technologies transform financial services around the world. Under the Korean government’s new policy framework for digital banks, K Bank and Kakao Bank successfully launched in 2017 with convenient and innovative products and services and brought a substantial impact on Korea’s banking sector. With their businesses growing at a fast pace, these banks sought to increase their capital accordingly, but encountered...

DETAILS

Author

Choi,Youjin;
Document Date
2020/09/30
Document Type
Brief
Report Number
168412
Volume No
1
Country
East Asia and Pacific,
Region
East Asia and Pacific,
Disclosure Date
2022/02/03
Disclosure Status
Disclosed
Doc Name
Digital Banks : Lessons from Korea

Language

English

Rel. Proj ID

4E-Financial Sector Advisory Services and Partnerships (Seoul Center for Financial Sector Development) -- P169414

Major Sector

FY17 - Financial Sector

Theme

FY17 - Financial Sector oversight and policy/banking regulation & restructuring,FY17 - Financial Stability

Sector

FY17 - Banking Institutions

TF No/Name

TF0A9188-SC-Fin Sec Advisory and Partnership,TF0A9338-Seoul Center Staff - Operations and Advisory

Topics

Digital Currency,Digital Economy Strategy,Digital Finance,Financial Inclusion,Financial Inclusion and Savings,

Unit Owning

EFI-EAP-FCI-Finance-1 (EEAF1)

Version Type

Final

Series Name

WBG Korea Office Innovation and Technology Notes ; no. 2;

Product Line

Advisory Services & Analytics

Citation

Choi,Youjin.

Digital Banks : Lessons from Korea (English). WBG Korea Office Innovation and Technology Notes ; no. 2 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099345001292211170

Digital Banks : Lessons from Korea (English)

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Citation

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