kakao bank

Oct

K bank looks to get back in the neobanking game

South Korea’s K bank has struggled since its inception in 2017. It lacks the super-sticky ecosystem and vast resources of its competitor Kakao Bank, which was set up at roughly the same time. In April 2019, K bank suspended most of its services amid fundraising difficulties. Although it resumed some…

Aug

Asia Payments Research

South Korea goes cashless all over again

South Korea is going cashless. Again. This time it’s e-wallets and digital banks driving the trend, not credit cards. South Korea is already one of the world’s most credit-card friendly countries. By some estimates, it has the world’s highest credit card penetration rate. South Korea also has the world’s highest…

Aug

Asia Banking Research

Kakao Bank defies downturn, posts record earnings in Q2

It’s good to be Kakao Bank. Kakao was already South Korea’s most successful neobank story before it reported record earnings in the second quarter of 26.8 billion won ($22.6 million), a nearly 900% year-on-year increase from 3.0 billion won a year earlier. Kakao’s net profit for the first half of…

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kakao bank

K bank looks to get back in the neobanking game

South Korea goes cashless all over again

Kakao Bank defies downturn, posts record earnings in Q2

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kakao bank

kakao bank

K bank looks to get back in the neobanking game

South Korea goes cashless all over again

Kakao Bank defies downturn, posts record earnings in Q2

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