All posts tagged "Kakao"
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955Fintech / RegtechSouth Korea to Formally Launch Open Banking System This Month
October’s 10-bank pilot attracted over 5.5 million bank accounts with the open banking service now expanded to include eight additional banks and fintech firms.
December 2, 2019 -
335Capital RegulationCapital Adequacy Deteriorates at Korean Internet-only Banks
The capital adequacy ratios of K Bank and Kakao Bank have fallen to 10.62% and 11.74%, respectively, compared 15.34% at Korea’s other institutions.
September 4, 2019 -
594Fintech / Regtech
First Non-Financial Firm Approved to Raise Stake in Korean Digital Bank
According to the FSC, messenger app operator Kakao has met the qualification criteria for owning a 34% stake in Kakao Bank, one of Korea's two internet-only banks.
July 25, 2019 -
601Capital RegulationUPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe
KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.
April 25, 2019 -
626Capital RegulationTaiwan Regulator Eyes Digital-Only Bank Regime
Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.
January 24, 2018
