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...

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Author

Choi,Youjin;
Document Date
2020/10/01
Document Type
Brief
Report Number
153910
Volume No
1
Total Volume(s)
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
Keywords
return on asset

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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/579871603861444098

Digital Banks : Lessons from Korea (English)

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