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 .
South Korea's first online-only bank, K bank, has expanded into insurance by selling bancassurance products. The bank has released 20 savings and protection 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, mobile messaging and email. K bank has enjoyed huge success since its launch earlier this year, holding approximately 500,000 accounts at the end of October.