[Korea.net News, Society, January 31 2008] Korea's Internet banking soars 40% in 2007

The use of Internet banking in Korea jumped 40 percent in 2007 from a year earlier as people increasingly went online to make financial transactions, the country's central bank said Thursday (Jan. 31).

According to the Bank of Korea, Internet banking transactions reached an average 17.9 million per day as of the end of December, compared with 12.8 million the previous year. The data is based on online banking transactions to check financial records, transfer funds or take out loans.