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Hassle-free banking: web-based banking will provide banking transactions without having to visit banks personally. (Photo by Daniel Berehulak/Getty Images)

Nov 30, 2015 AM EST - Therese Agcopra

Kakao Corp. and KT Corp. Granted Preliminary Licenses To Set Up First Internet-Only Banks In South Korea

The South Korean government is granting online-banking permits to reinvigorate a sector that seen as a potential bloodline that will finance economic expansion in the country.

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