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KakaoBank accelerates regional expansion with Indonesian digital bank
KakaoBank took a 10% stake in Superbank and helped launch gamified savings product Kartu Untung with 100,000 users in two weeks as it prepares to enter Thailand.
Summary by The Korea Times
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KakaoBank accelerates regional expansion with Indonesian digital bank
KakaoBank, Korea’s largest internet-only bank, aims to accelerate its regional expansion by deepening its partnership with Superbank, an Indonesian digital bank in which it made its first overseas equity investment, the company said Sunday. KakaoBank acquired a 10 percent stake in Superbank in 2023 as part of a partnership with Grab, laying the groundwork for the Korean lender’s push into overseas markets. Since the investment, KakaoBank has wor…
·Korea, Republic of
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Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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