KakaoBank will expand its global footprint into Mongolia as its third overseas market and will aggressively integrate AI into its services to enhance convenience and personalization, the internet-only bank said on Wednesday.
PT Super Bank Indonesia, which KakaoBank holds a 10 percent stake in, launched on Wednesday.
KakaoBank is acquiring 10 percent of a small- and medium-sized bank in Indonesia in a bid to strengthen its partnership with Grab Holding.
KakaoBank logged 81.98 billion won ($93 million) in net profit in the second quarter of 2023, beating the market consensus, according to its regulatory filing released on Wednesday.
Authorities must change if they really want to bring liberalism into the banking sector.
KakaoBank is partnering with a leading Thai financial firm in its first foray into the Southeast Asian market. The Korean company signed a memorandum of understanding with Thailand’s SCB X Public Company Limited (SCBX) to acquire a license for...
KakaoBank will produce tangible results in Southeast Asia this year, said the company's CEO on Tuesday.
Financial companies reported a record net profit last year due to the rapid rise of interest rate.
KakaoBank reported 78.72 billion won ($55 million) in net profit in the third quarter, beating the 75.4 billion won market consensus.
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