In the third quarter of 2023, Kakao Bank had approximately 45.7 trillion South Korean won in deposits, while Toss Bank had about 22.7 trillion won. The introduction of internet-only banks has significantly influenced South Korea's development towards digital banking. K Bank and Kakao Bank were established in 2017, and Toss Bank was launched in 2021.
Leading digital banks in South Korea in 2023, by loans and deposits
(in trillion South Korean won)
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Economist. (December 16, 2023). Leading digital banks in South Korea in 2023, by loans and deposits (in trillion South Korean won) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1238392/south-korea-leading-digital-banks-by-loans-and-deposits/
Economist. "Leading digital banks in South Korea in 2023, by loans and deposits (in trillion South Korean won)." Chart. December 16, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1238392/south-korea-leading-digital-banks-by-loans-and-deposits/
Economist. (2023). Leading digital banks in South Korea in 2023, by loans and deposits (in trillion South Korean won). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1238392/south-korea-leading-digital-banks-by-loans-and-deposits/
Economist. "Leading Digital Banks in South Korea in 2023, by Loans and Deposits (in Trillion South Korean Won)." Statista, Statista Inc., 16 Dec 2023, https://www.statista.com/statistics/1238392/south-korea-leading-digital-banks-by-loans-and-deposits/
Economist, Leading digital banks in South Korea in 2023, by loans and deposits (in trillion South Korean won) Statista, https://www.statista.com/statistics/1238392/south-korea-leading-digital-banks-by-loans-and-deposits/ (last visited December 30, 2024)
Leading digital banks in South Korea in 2023, by loans and deposits (in trillion South Korean won) [Graph], Economist, December 16, 2023. [Online]. Available: https://www.statista.com/statistics/1238392/south-korea-leading-digital-banks-by-loans-and-deposits/
