South Korea's KakaoBank Corp. on Wednesday said its net profit last year reached a record-high 263.1 billion won ($208.6 million), up 28.9% from 2021 thanks to rising interest rates and expansion of loan provisions.The internet-only bank plans to buy back and retire its own stocks soon to expa
Toss Bank CEO Hong Min-taek Toss Bank in September will enter the race of internet-only banks in South Korea as the third player, competing against K Bank and Kakao Bank. Toss Bank’s two rivals were both formed in 2017. Toss Bank got the nod from the country’s top financial regulato
Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market listing on Apr. 15, according to investment banking sources.The initial public offering, expected to take place in July at its earliest, is likel