KakaoBank was selected this year as an excellent financial institution for treasury operations by the Bank of Korea in recognition of its contributions to smooth cooperation with the central bank.
On the 24th, KakaoBank said, "It means the Bank of Korea recognized KakaoBank's performance over the year in carrying out treasury operations and contributing to greater convenience for national tax taxpayers," and stated accordingly.
In 2021, KakaoBank became the first internet-only bank to be approved as a treasury receipts outlet and has since handled "treasury receipt services" for payments of various national tax such as income tax and value-added taxes, as well as tariff, fines, and social insurance premiums. Since 2023, it has expanded the scope to include "treasury disbursement services."
Through this, all treasury services—including treasury transfers, national tax refunds, and various project expenses, labor costs, and subsidies paid by the government—can be used through a KakaoBank account.
KakaoBank said, "As Korea's leading digital bank, we are pleased to be recognized for meaningful performance in the Bank of Korea's treasury operations," adding, "We will continue to enhance financial convenience through customer-centric digital financial services."