Major digital banks South Korea 2023, by loans and deposits

Published by L. Yoon, Jun 25, 2024

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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Release date

December 2023

Region

South Korea

Survey time period

Q3 2023

Special properties

as of the end of Q3 2023

Supplementary notes

1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euro as of May 2024.

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