26
Nov
Kakao is dominating South Korea’s nascent digibanking sector
Kakao Bank is having an exceptional year, setting the stage for a blockbuster IPO in 2021. Kakao’s third-quarter profit rose more than 700% year-on-year to 40.6 billion won (US$35.9 million). Through September, Kakao had recorded 85.9 billion won in profits, up more than 458% annually. The Seoul-based neobank attributed its…
