“Block K-Bank success”… K Bank to face crisis change
[ Cho Eun Gook ceg4204 ] | 2017-09-28 10:51:34
K BANK, an Internet bank, has diversified its products and provided advantages for existing users. Especially, it plans to resume credit lending, which is a popular commodity, and to start mortgage lending and bank assurance soon. It seems that the crisis has grown due to a large gap in the number of subscribers and recipients in the latecomer Kakao Bank.
K-bank held a press conference at the K-bank office in Gwanghwamun, Seoul on September 27, and announced mid-to long-term management strategy based on the same contents. Shim Sung-hoon, CEO of K Bank, commented on the progress of K-bank since its inauguration for 6 months. "We have established Bank by opening 24-hour accounts, operating customer centers.？
Mr. Shim said, "The proportion of subscriptions to subscription products has continued to expand beyond the hours of existing banks, leading to breakthroughs in usage time, and the proportion of female users has increased steadily through targeted marketing of women who are sensitive to benefits. We also actively implemented loans to our customers and contributed to resolving the polarization of interest rates."
Shim Sung-hoon also promised K Bank 2.0 and promised to evolve to better benefits and more convenient banking.
K-Bank will diversify its user portfolio by diversifying its loan portfolio. K-bank launched `Soho K Credit Loan` for individual businesses on the 18th this month, expanding the scope of loans that were focused only on employees. Also, "K-credit loan," which was a K-bank hit product but was suspended due to capital conditions, resumes in the middle of next month. Besides, existing products` Slim K `and` Mini K `will be renamed` Slim K Credit Loan `and` Mini K Credit Loan `, and plans to adjust the limit and interest rate according to the users` needs.
K-bank plans to release non-face-to-face apartment loans later this year. We utilize K-bank app and take photographs of necessary documents and submit it, and convenience is improved. In addition, it will eliminate complicated preferential rates and allow loans on weekends.
The Company also focuses on risk management as credit products diversified. The `goddess quote system` is introduced to ensure stable management of the goddess. However, in consideration of the inconvenience of the users regarding the termination of the loan, it has been intend to strengthen communication with users such as pre-notification of sales and guidance on resumption of loans.
The company simplified conditions for preferential rates for received products, thereby raising interest rates for users. Also, if you enter only the code, you will expand the code issuing alliance of `Code K Example ？ Reduction` which can receive the preferential rate,
K-bank releases bancassurance during the year. The system will be equipped to allow users to sign low-cost protection products and savings insurance products with high reimbursement rates without signing up or signing in separately.
It is expected that competition with commercial banks as well as cacao banks will intensify as K-bank diversifies its financial products and extends its business scope to mortgage lending and bank assurance.
Meanwhile, K-bank is expected to pay KRW 86.8 billion in capital. Recently, K-bank decided to raise KRW 100 billion worth of shares, including KT and other shareholders, and MDM as a new shareholder on behalf of some shareholders who are not participating in capital increase. MDM will have a 4% stake in the deal. K-bank plans to carry out a capital increase of KRW 150 billion a year, and if the existing shareholder is absent, it plans to acquire additional shareholder.
By Cho Eun Gook ceg4204
[ copyright ⓒ The Digitaltimes ]
K-bank held a press conference at the K-bank office in Gwanghwamun, Seoul on September 27, and announced mid-to long-term management strategy based on the same contents. Shim Sung-hoon, CEO of K Bank, commented on the progress of K-bank since its inauguration for 6 months. "We have established Bank by opening 24-hour accounts, operating customer centers.？
Mr. Shim said, "The proportion of subscriptions to subscription products has continued to expand beyond the hours of existing banks, leading to breakthroughs in usage time, and the proportion of female users has increased steadily through targeted marketing of women who are sensitive to benefits. We also actively implemented loans to our customers and contributed to resolving the polarization of interest rates."
Shim Sung-hoon also promised K Bank 2.0 and promised to evolve to better benefits and more convenient banking.
K-Bank will diversify its user portfolio by diversifying its loan portfolio. K-bank launched `Soho K Credit Loan` for individual businesses on the 18th this month, expanding the scope of loans that were focused only on employees. Also, "K-credit loan," which was a K-bank hit product but was suspended due to capital conditions, resumes in the middle of next month. Besides, existing products` Slim K `and` Mini K `will be renamed` Slim K Credit Loan `and` Mini K Credit Loan `, and plans to adjust the limit and interest rate according to the users` needs.
K-bank plans to release non-face-to-face apartment loans later this year. We utilize K-bank app and take photographs of necessary documents and submit it, and convenience is improved. In addition, it will eliminate complicated preferential rates and allow loans on weekends.
The Company also focuses on risk management as credit products diversified. The `goddess quote system` is introduced to ensure stable management of the goddess. However, in consideration of the inconvenience of the users regarding the termination of the loan, it has been intend to strengthen communication with users such as pre-notification of sales and guidance on resumption of loans.
The company simplified conditions for preferential rates for received products, thereby raising interest rates for users. Also, if you enter only the code, you will expand the code issuing alliance of `Code K Example ？ Reduction` which can receive the preferential rate,
K-bank releases bancassurance during the year. The system will be equipped to allow users to sign low-cost protection products and savings insurance products with high reimbursement rates without signing up or signing in separately.
It is expected that competition with commercial banks as well as cacao banks will intensify as K-bank diversifies its financial products and extends its business scope to mortgage lending and bank assurance.
Meanwhile, K-bank is expected to pay KRW 86.8 billion in capital. Recently, K-bank decided to raise KRW 100 billion worth of shares, including KT and other shareholders, and MDM as a new shareholder on behalf of some shareholders who are not participating in capital increase. MDM will have a 4% stake in the deal. K-bank plans to carry out a capital increase of KRW 150 billion a year, and if the existing shareholder is absent, it plans to acquire additional shareholder.
By Cho Eun Gook ceg4204