K Bank, an internet-only lender, will temporarily halt the opening of new overdraft accounts in line with financial authorities' policy to curb credit lending.
"We plan to implement measures including reducing new credit loan limits for high earners and temporarily suspending new applications for overdraft accounts," a K Bank official said Wednesday. "The specific timing of implementation will be finalized after internal discussions."
Kakao Bank, another internet-only lender, said it is still reviewing detailed measures. "Internet banks have grown in size but are not playing a role commensurate with that," a financial industry official said.
