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 Korea’s kakaobank “most recommended” retail bank in APAC: survey

Indonesia’s BCA and StanChart Taiwan also topped the list.

South Korea’s kakaobank “most recommended” retail bank in APAC: survey

Indonesia’s BCA and StanChart Taiwan also topped the list.

South Korea’s Kakao Bank to raise over $2.2b in IPO

Shares were priced at the top end, at KRW39,000 ($34).

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.