 | |
Native name | 주식회사 카카오뱅크 |
|---|---|
| Company type | Public |
| KRX: 323410 | |
| Industry | Financial services |
| Founded | January 22, 2016 |
| Headquarters | Pangyo, Gyeonggi-do, |
Key people | Yun Ho-young, CEO |
| Services | Online banking Mobile banking Loan and deposit Debit card Credit Card Overseas remittance |
| KRW 46.7 billion (2021.Q1) | |
| Owners | Kakao Corp., Korea Investment Value Asset Management |
Number of employees | 952 (March 2021) |
| Website | www |
KakaoBank Corp. (stylized as Kakaobank; Korean: 주식회사 카카오뱅크) is a South Korean mobile-only bank and financial technology company established in 2016 by Korea Investment Holdings and Kakao Corp.
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Transcription
History
The banking service went public in July 2017 and attracted more than 240,000 customers within its first 24 hours. By July 10, the bank had 17.6 trillion won ($14.5 billion) in deposits and 11.3 trillion won ($9.3 billion) in loans.[1] As of July 11, 2019, Kakaobank had more than 10 million customers.[2] As of March 31, 2021, Kakaobank has more than 14.2 million customers.
Valuation
In October 2020, the Kakabobank's corporate valuation was around KRW 8.6 trillion through KRW 750 billion-capital, raising from the U.S-based private equity TPG Capital and current shareholders.[3]
IPO
On September 25, 2020, Kakaobank officially announced its IPO plan publicly.[4] The bank picked KB Security and Credit Suisse as lead managers for its IPO, with Citi as a co-manager.[5] According to a local media report, Kakaobank would submit the IPO application to a Korean exchange on April 15, 2021.[6]
App
Kakaobank provides products via its mobile apps which adopt easy identification (KYC) methods. In July 2019, kakaobank's Android app was recognized as the top banking app based on MAU and the most downloaded banking app in the country by igaoworks.[7]
A major shareholder, Kakao Corp, operates the messaging app KakaoTalk, which was used by 88% of South Koreans at the bank's inception.[1]
References
- ^ a b "Kakaobank: The single application is everything". Asia Money. Archived from the original on 2023-12-09. Retrieved 2024-03-25.
- ^ "Kakao Bank accounts top 10 million". The Korea Herald. Retrieved July 12, 2019.
- ^ "Kakao Bank issues new shares to major U.S. hedge fund". Korea JoongAng Daily. Retrieved October 27, 2020.
- ^ "Kakao Bank makes IPO plans official". The Korea Herald. Retrieved September 24, 2020.
- ^ 카카오뱅크 IPO 대표 주관사에 KB증권·CS 선정 (in Korean). ChosunBiz. Retrieved December 11, 2020.
- ^ 카카오뱅크, 오는 15일 상장 예비 심사 청구 예정…7월 코스피 입성하나 (in Korean). The Financial News. Retrieved April 13, 2021.
- ^ 인터넷銀 반란 시작…카카오뱅크, 시중은행 뱅킹 앱 사용자 압도 (in Korean). IT Chosun. Retrieved August 22, 2019.
External links
- Official website
- Official website (English)
- How to Start a Bank: Kakao Bank's Case study (World's fastest growing digital bank in Korea)
- Business data for KakaoBank Corp:
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This page was last edited on 5 April 2024, at 11:14