KakaoBank Launches Banking for Individual Entrepreneurs... Access to Account, Card, and Loans Available

Focus on Enhancing Convenience and Benefits for Individual Entrepreneurs
Providing a New Mobile Banking Experience
Ensuring All Financial Journeys Are Resolved at KakaoBank
Continuous Launch of New Products and Services

[Asia Economy Reporter Sim Nayoung] KakaoBank announced on the 1st that it has launched business owner accounts, business owner check and affiliated credit cards, and loan products for individual business customers.

KakaoBank's business owner banking offers a full banking service that covers not only loan products but also deposit products (accounts) and payment settlements (cards). A key feature is that both personal banking and business owner banking can be used through a single KakaoBank app without the need to install a separate app.

Business owner accounts can be opened quickly and conveniently using scraping and public MyData without submitting separate documents. To reduce financial costs for individual business owners, all fees such as transfers, ATM deposits and withdrawals, and issuance of certificates necessary for business are waived unconditionally.

Business owner check cards and affiliated credit cards containing essential benefits for individual business owners are also launched. Consumption benefits are enhanced in essential business operation sectors such as fuel, telecommunications, rentals, and overseas.

Business owner credit loans are designed so that busy business owners can apply as easily and quickly as personal credit loans without separately submitting business-related documents. Applications are available for individual business owners who are registered and operating after business registration, with a maximum loan amount of 100 million KRW.

The loan interest rate is as low as 5.668% (as of 11/1). While covering a wide range of individual business customers, KakaoBank will stop accepting new applications for the Sa-itdol loan product for individual business owners from the 1st, as it provides more favorable loan products to customers.

To coincide with the launch of business owner banking, KakaoBank is running a "Business Owner Account Opening Event" until the 20th of this month. This event is designed to allow more individual business customers to experience KakaoBank's business owner banking products and services.

During the period, customers who open a business owner account or convert an existing deposit account to a business owner account via the KakaoBank mobile app and then click the "Apply for Business Support Fund" button on the event page will complete their entry.

Through a draw, a total of about 20,000 winning individual business customers will receive business support funds and fuel coupons. Depending on the draw results, business support funds of 10 million KRW (10 people), 5 million KRW (10 people), 1 million KRW (100 people), and fuel coupons (20,000 people) will be provided.

This content was produced with the assistance of AI translation services.