K bank
Korea's first internet bank; balance sheet supercharged by being Upbit's banking partner.
Korea's first internet-only bank; Upbit ties.
- Who holds it
- The company itself — it holds a full banking licence — Internet-only bank license (KT-led).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from K bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Seoul, KR |
| Founded | 2016 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Internet-only bank license (KT-led) |
| Card | No card |
| Yield | Competitive savers |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
Verified links: official site ↗
Common questions about K bank
What is K bank?
K bank is a fiat neobank, headquartered in Seoul, KR and founded in 2016. Your money is held custodially, so K bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Internet-only bank license (KT-led)).
Does K bank have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does K bank require KYC?
Yes. K bank requires identity verification (KYC) to open an account, as a licensed bank.
What does K bank cost?
From the verified fields: yield Competitive savers. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with K bank before relying on them.
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
K bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.