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.
Kakao co-CEO Namkoong Whon resigned on Wednesday after the company’s services crashed over the weekend when a fire broke out at a data center in Pangyo, Gyeonggi.
KakaoBank's net fell 17.7 percent in the second quarter to 57 billion won ($43.5 million), more than 20 percent lower than FnGuide’s 74.1-billion-won projection.
Korea JoongAng Daily Sitemap