kakao bank thailand

May

Kakao Bank posts record profit in Q1 2024

South Korea’s digital banks have long been outliers, with market leader Kakao Bank one of the most successful online lenders in Asia. Though Kakao Bank’s share price has fallen about 65% since its November 2021 IPO, that reflects macroeconomic conditions and investors adjusting overly high expectations for the company more…

Oct

Asia Banking Research

Kakao steps up its presence in Southeast Asia

Having built one of the only successful super apps outside of China, with both a thriving digital bank and payments platform, Kakao has decided it is time to expand overseas. Its first foreign market is Thailand, where it is partnering with Siam Commercial Bank (SCB). Next up is Indonesia, where…

Aug

Asia Banking Research

Kakao Bank posts strong Q2 results

Who says digital banks cannot make money? We often do – because it tends to be true. But Kakao Bank is a notable exception to the rule, and all the more unusual because its success has come in one Asia’s best-banked countries. Kakao Bank is one of the few digital…

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