Kakao Bank
Kakao Bank is a South Korean mobile-only bank launched in 2016. Within just two years, the bank has achieved profitability. It is the first mobile-only bank to go public. As of end-2021, it has over 18 million users.
South Korean incumbent banks’ profits at risk as Kakao Bank expand loan services
South Korean incumbent banks’ profits at risk as Kakao Bank expand loan services
The internet-only bank plans to launch mortgages and merchant loan products.
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