Korean Online Banking Success Factors

Under a government plan, one or two internet-only banks will obtain a preliminary license in Korea at the end of this year, and three or four of such banks are expected to emerge in the second half of next year at the latest.

What will be the success factors for a Korean online bank? There are a few prerequisites for online banks to drive innovation with a differentiated business model, provide consumers with practical benefits and successfully expand to the global market.

(Full article only available in Korean)