A face-to-face confirmation by the bank official had been the only allowed method and procedure for identifying real name transactions in Korea when a customer wanted to open a bank account. On December 1st, 2015, non-face-to-face identification became allowed. In November 2015, two Internet-only virtual banks (Korea Kakao Bank and K-Bank) obtained the preliminary license for the first time in Korea. For more information about the Internet-only banks in Korea, please go: https://www.fsc.go.kr/info/ntc_bref_view.jsp?menu=7210200&bbsid=BBS0029&no=31072