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South Korea s KakaoBank confident in its competitive edge for Thai, Vietnamese markets

However, it achieved groundbreaking success by offering services that met customers needs, such as simplifying the cumbersome verification process and introducing innovative financial products. It has also developed an intuitive mobile app environment, which has greatly contributed to transforming the standards of the finance industry.

Indonesia needs more skilled expatriates to help create jobs, Kadin says

Indonesia needs more skilled expatriates to help create jobs, Kadin says
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KakaoBank Enters Southeast Asia, Acquires 10% Stake in PT Super Bank Indonesia

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

Kakao Bank to acquire 10% stake in Indonesian digital bank

Kakao Bank, the banking arm of Korean mobile giant Kakao, announced Tuesday that it will acquire a 10 percent stake in PT Super Bank Indonesia, aiming to boost its presence in the Southeast Asian market. The acquisition will be Kakao Bank's first investment outside of Korea, and will be done in collaboration with the Singapore-based ride-hailing and food delivery app, Grab. A consortium led by Grab and Singapore.

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