Tax solution development company to establish internet bank, fourth bank in South Korea = South Korea

Jobis & Villains, which provides the tax solution ``Samcheongsam'', recently formed a consortium to establish an internet bank.
It became clear that they were trying to organize. Details of the consortium are not known, but the company is said to be in talks with major financial institutions with the aim of stable funding and synergies.
A consortium is expected to be formed by the end of the year at the earliest, or early next year at the latest, to establish a new internet bank, ``Samcheong Sam Bank.'' From next year, the Korean Financial Services Commission will
Preparations are expected to be made to obtain preliminary approval from the committee. Currently, there are three internet banks in South Korea: K Bank, Kakao Bank, and Toss Bank. The company is “Samchi”
If Yongsam Bank is established, it will become the fourth bank in South Korea. "Samcheongsam Bank" provides services specialized for parallel workers and self-employed people who hold multiple jobs.
The company appears to be trying to differentiate itself from other banks. Among the cumulative 18 million users of Samcheongsam, there are apparently 5.5 million parallel workers and self-employed people.
An industry official said, ``Samcheongsam's scope will expand significantly, from tax support to financial services.''