Kakao Bank to have exceeded 100k users in 10 days¡¦And broke non trade stereotype
Kang Eun Seong | esther@ | 2017-08-01 10:33:28

Internet professional bank Korea Kakao Bank (Kakao Bank) has exceeded 1 million accounts opened within five days. The photo shows a Kakao bank application executed at the Kakao Bank Seoul office in Yongsan-gu, Seoul on the afternoon of July 31 of last month. Photo by Yonhap News.



The Korea Kakao Bank (Kakao Bank), which officially launched on June 27, opened its service and exceeded one million subscribers in 100 hours. It is stated that it has surpassed the scope of `subscription to join` with simple curiosity and deviance and at the same time it has risen to popular financial services.

Kakao Bank said it has exceeded one million accounts opened at 1:00 pm on July 31. The loan (based on loan execution amount) was KRW 323 billion and the receipt (deposit) was KRW 344 billion.

In the first day of opening of the Kakao Bank, 180,000 subscribers opened up more than 300,000 subscribers in just one day, and there were a lot of perspectives as simple questions and curiosity rather than actual financial transactions. "It seems that the market interest in the Kakao Bank is so high that most of the existing bankers are trying to join the bank once, ¡®Experienced bankers¡¯ will take the lead."

However, on the 5th day of its launch, when the company achieves a million won in 100 hours of opening, the faces of the existing financial people are changing. This is because it is a numerical value that cannot be explained only by the demand. Another bank expert said, "In addition to simple subscribers` performance, the amount of money received is also an unprecedented increase in the number of domestic financial events. In the meantime, Internet specialist banks have been perceived to be non-mainstream financial services for the niche market. I think that the `glass ceiling` may have been broken by the appearance of the Kakao bank.¡±

The actual opening of the account in Kakao Bank greatly exceeded the number of non-face-to-face accounts opened by commercial banks in the last year, about 150,000. The Kakao Bank opened at the beginning of the day on July 27, an average of more than 20,000 people per hour, and since then an average of 10,000 customers have been flown per hour.

Yoon Ho-young, a co-president of the Kakao Bank, pointed out, "The simplicity and convenience of Kakao bank, which simplifies complex banking processes based on mobile DNA, seems to have resulted in the opening of one million accounts in a short period of time. Numerical data such as the number of accounts opened. We will continue to add new services to our customers so that they can be more convenient and more convenient."

By Kang Eun Seong esther@


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