Finance
Banks ramp up gathering account race as services evolve into AI treasurers
South Korean banks are intensifying competition in gathering accounts, led by KakaoBank and followed by commercial banks and savings banks seeking control of everyday finance platforms. New products combine dues management with higher interest, scheduling and AI features. Hana Bank launched a structure separating transaction and vault balances with up to 2.5 percent interest. KakaoBank leads with 12.9 million users and 11.6 trillion won in balances.
