S. KOREA’S INTERNET BANKING SERVICES ROSE 20.6 PERCENT IN 2020

Highlights –

• S. Korea’s internet banking services rose 20.6 percent in 2020.
• The value of daily transactions via online banking reached $52 billion in the reporting year.
• As of end-of-December the online banking services reached...

S. KOREANS SPENT AROUND 20 HOURS PER WEEK USING THE INTERNET IN 2020

Highlights –

• S. Koreans spent around 20 hours per week using the internet in 2020.
• The amount is said to be more than the time spent the previous year.
• In 2020, the average time internet users spent on social media stood at 65.8 minut...

KAKAO BANK SWUNG TO PROFIT THIS YEAR

Highlights –

• Kakao Bank made a profit last year of about $11. 4 billion
• Kakao Bank is readying to go public this year
• It plans to unveil innovative fintech offerings with Kakao

According to reports by The Korea Hera...

KT CORP. TO BE DECLEARED AS MAJORITY SHAREHOLDER FOR ONLINE K-BANK

Highlights –

• Online only K-Bank stops lending due to shortage of funds, business down
• KT CORP. attempt to increase its stake in K bank has so far been futile, even after investing
• National Assembly, on Wednesday, gave the green light...