Kakao Bank, South Korea's second Internet-only bank, has attracted some 800,000 accounts a few days since launch.
The bank said the number of new clients came to 826,000 after four days, more than 1.48 million users also downloaded the Kakao Bank (KB) application.
After just one week the new online only institution has combined deposits and loans hovering just above $445.2 million. The newly established bank also rolled out loans worth $230 billion so far.
Above Expectations
KB was launched by Kakao Corp., the operator of South Korea's most widely used mobile messenger Kakao Talk.
A spokesperson for the new bank said the performance is far above its expectations, saying it is making full efforts to provide services to clients without any delays.
Users are allowed to open accounts easily with a mobile phone number and I.D. card without having to visit a conventional bank branch.
Jack Ma Connection
Its performance has far surpassed that of K-Bank, the nation's first Internet-only bank, which kicked off in April.
Earlier this year Kakao Talk announced that Alibaba subsidiary Ant Financial Services Group had invested $200 million in Kakao Pay.
