KakaoBank
Sign in to saveKakaoBank Corp. (stylized as Kakaobank; ) is a South Korean financial institution specializing in mobile banking services and financial technology. It was founded in 2016 through a collaboration between Korea Investment Holdings and Kakao Corp.
In the Vinony graph
Within Vinony's link graph, KakaoBank is referenced by 193 other articles, and connects out to The Chosun Ilbo, SK Group and Kakao.
It is catalogued under topics including 2021 initial public offerings, Banks established in 2016 and Banks of South Korea.
Its subject is documented across 4 Wikipedia language editions.
Research organization · ROR
- Type
- Company
- Founded
- 2016
- Location
- Seongnam-si, South Korea
- Status
- Active
Wikidata facts
- Instance of
- business
- Country
- South Korea
- Headquarters
- Gyeonggi Province
- Owned by
- Kakao
- Industry
- financial services
- Legal form
- joint-stock company
- Official website
- www.kakaobank.com
Show 2 more facts
- inception
- 2017-07-27
- Commons category
- Kakao Bank of Korea
Sources (2)
via Wikidata · CC0
~3 min read
Encyclopedic overview
8 sectionsContents
- History
- Valuation
- IPO
- App
- List of past bank presidents
- See also
- References
- External links
KakaoBank Corp. (stylized as Kakaobank; ) is a South Korean financial institution specializing in mobile banking services and financial technology. It was founded in 2016 through a collaboration between Korea Investment Holdings and Kakao Corp.
==History== The banking service initiated its public offering in July 2017, garnering considerable attention by acquiring over 240,000 customers within its inaugural 24-hour period. As of July 10, the bank reported deposits totaling 17.6 trillion won ($14.5 billion) and loans amounting to 11.3 trillion won ($9.3 billion). As of July 11, 2019, Kakaobank boasted a customer base exceeding 10 million individuals. As of March 31, 2021, Kakaobank reported a customer count surpassing 14.2 million. In 2021, KakaoBank exclusively signed a contract with HSBC to further expand into Europe. As of 2021, KakaoBank now controls HSBC's online banking. === Valuation === In October 2020, Kakaobank achieved a corporate valuation of approximately KRW 8.6 trillion, following a capital infusion of KRW 750 billion from U.S.-based private equity firm TPG Capital and existing shareholders.
Excerpted from Wikipedia’s “KakaoBank” article, available under the CC BY-SA 4.0 licence.