KRX says its investor base will expand by allowing foreigners improved accessibility to English language disclosures of listed companies.
September 30, 2020Mobile payment service providers will be allowed to offer deferred payment services, issue payment accounts to users, and enable larger transaction limits.
July 27, 2020K Bank’s recapitalisation plan was halted last April, forcing Korea’s first internet-only bank to stop offering loan products. It is now looking to regain ground lost to Kakao Bank.
July 23, 2020Kakao Enterprise's AI technology will initially be used for task support such as taking meeting minutes, before the partnership later expands to support BOK policy-making.
June 24, 2020The FSC has granted final approval to KakaoPay allowing it to acquire Baro Investment & Securities and enter the brokerage services space.
February 10, 2020October’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, 2019The 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, 2019According 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, 2019KT 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, 2019Head 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