Next Bank shareholders include Chunghwa Telecom, PX Mart, Mega International Commercial Bank, KGI Bank, the Shin Kong Group, and Trade-van.com.
March 30, 2022With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
June 10, 2021The FSC says LINE Bank’s report explaining its launch day system failure was not satisfactory. The regulator will ask the bank improves its operations.
May 12, 2021LINE Bank services crashed on Thursday due to "system overload" just as it launched new digital banking services.
April 27, 2021Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.
April 23, 2021Only LINE Bank employees will participate in the trial operations. Depending on the results, full operations could commence by late April.
March 25, 2021Toss Bank was awarded a preliminary licence to operate an internet-only bank in December 2019. It plans to launch operations in mid-2021.
February 8, 2021Kakao Bank is directed to set up an effective emergency plan for responding to a crisis, including detailed financing options to deal potential capital shortfalls.
December 22, 2020K Bank’s recapitalisation plan was halted last April, forcing Korea’s first internet-only bank to stop offering loan products. It is now looking to regain ground lost to Kakao Bank.
July 23, 2020Led by mobile money transfer app operator Viva Republica, the Toss Bank consortium expects to commence operations as an internet-only bank during the first six months of 2021.
December 17, 2019