K Bank

Its largest owner is the telecommunications company, KT Corporation.

[1] K Bank launched in 2017, when both KT and Kakao were given licenses to launch Internet-only banks in Korea.

[3] The bank attracted 250,000 customers in its first two weeks.

[4] In May 2021, MBK Partners and Bain Capital invested 200 billion won each in K bank to become the second largest shareholders of the bank.

[5] In September 2022, K bank received approval for its initial public offering on the Korea Exchange although timing had not been determined yet.