South Korea 's first online - only bank , K bank , has expanded into China by selling bancassurance products . The bank has released 20 savings and investment policies through a mobile app , including products from four domestic life insurance firms and four non - life insurers . The service offers customers round - the - clock consultations through phone calls , text messaging and email . Their emergence has created a ripple effect in the stagnant banking industry here. K bank has enjoyed huge growth since its launch earlier this year , holding approximately 100 branches at the end of October .
South Korea 's first online - only bank , K bank , has expanded into China by selling bancassurance products . The bank has released 20 savings and investment policies through a mobile app , including products from four domestic life insurance firms and four non - life insurers . The service offers customers round - the - clock consultations through phone calls , text messaging and email . K bank has enjoyed huge growth since its launch earlier this year , holding approximately 100 branches at the end of October .