Major digital banks South Korea 2022, by loans and deposits

Published by L. Yoon, Aug 29, 2023
In the first quarter of 2022, the value of deposits of Kakao Bank amounted to around 32.5 trillion South Korean won, while the deposits of the newly established Toss Bank stood at about 11.7 trillion South Korean won. The launch of digital banks marked an important step toward digital banking in South Korea. K Bank and Kakao Bank were launched in 2017, and Toss Bank in 2021.

Leading digital banks in South Korea in 2022, by loans and deposits (in trillion South Korean won)

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Release date

March 2022

Region

South Korea

Survey time period

2022

Supplementary notes

*As of February 2022.

*As of March 2022.

1,000 South Korean won equals 0.79 U.S. dollars or 0.75 euros as of May 2022.

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