Toss Bank Breaks Through with KODIT Guaranteed Loans... Why Can't KakaoBank and K Bank?

All Three Banks Signed KODIT Agreements in 2023,
But Only Toss Bank Launched Guaranteed Loans
Key Differentiator Lies in Multi-Institution Data Integration Technology

Among the three internet-only banks, Toss Bank is the only one that offers a “one-stop” Korea Credit Guarantee Fund (KODIT) guaranteed loan service within its app. Both KakaoBank and K-Bank signed business agreements with KODIT in 2023 and pushed for the introduction of non-face-to-face guaranteed loans, but these initiatives did not result in the actual launch of such services. In the financial sector, this gap is attributed to differences in technological capabilities required to reliably secure, connect, and process the data necessary for high-difficulty guarantee assessments.

As of March 27, 2026, according to the financial industry, Toss Bank remains the only one among the three internet banks to provide KODIT guaranteed loans as a non-face-to-face service. Currently, both KakaoBank and K-Bank only offer guaranteed loans in partnership with regional credit guarantee foundations. However, K-Bank plans to work with KODIT in the second half of this year to develop related products and credit evaluation models, and to engage in full-scale business starting next year.

While both KODIT and regional credit guarantee foundations provide public guarantees to support borrowers with insufficient credit, there are differences in their target customers and guarantee scale. KODIT focuses on providing guarantees to companies with a certain level of sales and business viability, whereas regional credit guarantee foundations mainly offer small policy-based guarantees targeted at small business owners and micro-entrepreneurs.

This distinction leads to a gap in the complexity of the review process. A financial industry official explained, “KODIT requires comprehensive verification of large volumes of data—including financial statements, sales records, value-added tax filings, and four major insurance records—for enterprise-level reviews, which makes the assessment highly complex. In contrast, regional credit guarantee foundations primarily use more standardized data such as income records from the National Tax Service or personal credit information.” In other words, KODIT conducts detailed evaluations similar to those used in corporate finance, while regional foundations follow a comparatively simpler review structure.

Ultimately, implementing a one-stop KODIT guaranteed loan service within a mobile app requires advanced technological capabilities. This is because a multidimensional assessment of a company’s business feasibility and financial condition is required, and it is essential to connect data scattered across multiple institutions based on customer consent, integrating it into an automated review system in real time. The ability to process employment and payroll flows via health insurance records, legal risks via court registrations, and tax documents seamlessly is central to this process.

Toss Bank is recognized for having secured such technological capabilities ahead of its peers. It has established a system that reliably links KODIT’s complex data, including value-added tax records, purchase and sales invoice summaries, standard financial statement certificates, and confirmation of full payment of four major insurance contributions. A Toss Bank official stated, “KODIT guarantees involve high guarantee limits and require business-focused assessments, making multidimensional business data essential. Our ability to seamlessly connect and process multi-institutional data has become our key differentiator.”

Previously, in 2023, Toss Bank signed a business agreement with KODIT to promote non-face-to-face digital financial services for individual entrepreneurs, and began establishing a data-driven guarantee service. Subsequently, in 2024, Toss Bank became the first internet bank to launch the “Easy-One Guaranteed Loan.” This product was designed to enable the entire process—application, document submission, guarantee certificate issuance, loan agreement, and execution—to be completed non-face-to-face within the app, without visiting a bank or KODIT office.

By contrast, despite signing business agreements with KODIT in 2023, neither KakaoBank nor K-Bank has achieved tangible results to date. KakaoBank announced plans at the time to jointly develop products and advance its credit evaluation models, but the actual launch remains undecided. Likewise, K-Bank has outlined plans to introduce a one-stop guarantee system that does not require branch visits, but is still preparing for a launch targeted for the second half of this year.

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