Kakao and K-Bank earned 11.2 billion won in deposit and withdrawal fees last year

COMPANY / Reporter Kim Jisun / 2024-03-21 06:25:35

(Photo = provided by K-bank)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] K-Bank and Kakao Bank raised 11.2 billion won in commission income through the "real-name verification account" service on the virtual asset exchange. In particular, K-Bank received 10.8 billion won in commission income from the virtual asset exchange Upbit last year, one-third of its net profit in the third and fourth quarters of last year.

According to data from the Financial Supervisory Service on the 20th, K-Bank received a fee of 10.81 billion won last year in return for providing Upbit's real-name verification account service. Kakao Bank, which has joined hands with Coinone since November 2022 to provide deposit and withdrawal account services, has earned 419 million won in commission income. Among commercial banks, NH Nonghyup Bank, which joined hands with Bithumb, received 2.623 billion won and Shinhan Bank received 183000 million won from Korbit. Jeonbuk Bank, which provides a Gofax real-name verification account, earned 51 million won last year.

Internet banks are earning higher income than commercial banks and local banks with virtual asset real-name verification accounts following non-face-to-face loans. K-Bank received 10.81 billion won in commission income from Upbit over the past year. It is about 68% of K-Bank's net profit (16 billion won) estimated by Korea Investment & Securities last year.

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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