Three applicants – Kiwoom Bank, Toss Bank and Anyband Smart Bank1 - have submitted their applications for online-only bank license:

ㆍKiwoom Bank is a consortium, led by Kiwoom Securities, comprised of 28 shareholders including Hana Bank and SK Telecom.
ㆍToss Bank is led by Viva Republica, which operates a mobile financial application called Toss, with other 7 shareholders including Hanwha Investment & Securities.
ㆍAnyband Smart Bank is led by three individuals with participation of other shareholders still under discussion.

The FSC will approve preliminary license for one or two new online-only banks in May. The FSS will conduct its reviews of submitted applications from April to May.

* Please refer to the attached file for details.