Internet bank-related stocks are showing strength on the back of the news that Korea's first Internet-only bank "K Bank" attracted about 40,000 users in just two days after inauguration.
Danal, a specialist in mobile payment services, closed at 6,590 won on April 4, up 18.1 percent or 1,010 won from the previous day. Danal has a 10-percent stake in K-Bank. Other mobile payment service providers such as KG Inicis and KG Mobilians also rose 4.74 percent and 2.79 percent, respectively.
The stock prices of the companies with specialty in offering services needed to operate Internet banks, also surged, including call center service providers Bridgetec and Hyosung ITX whose share prices rose 9.68 percent and 4.21 percent, respectively. NICE TCM, a specialist in ATM management, also rose 6.32 percent, hitting the one-year high.
The popularity of the Internet-only bank had a limited negative impact on the share prices of existing banking stocks. The share prices of Shinhan Financial Group, Woori Bank, KB Financial Group, and Hana Financial Group fell 0.21 percent, 0.76 percent, 1.12 percent and 1.74 percent, respectively.