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Concerns grow as low-credit borrowers turn to internet-only banks

The delinquency rates on loans granted by internet-only banks to low-credit, self-employed borrowers are climbing. This is a red flag for the IT-oriented lenders which were established to guarantee access to more affordable financing for customers with weak financial profiles, market watchers said Monday. ....

Kyonggi Do , South Korea , Kakaobank Pangyo , Gyeonggi Province , Toss Bank , Internet Only Banks , South Korea , He Korea Times , Orea Times , Orean News In English ,

Across Asia, Super Apps Are Facing A Moment Of Truth

Don’t Say We Didn’t Warn You. Some of the most prominent platform companies in Asia are facing intensifying regulatory scrutiny due at least in part to their own missteps. ....

South Korea , Kyonggi Do , Jack Ma , Bae Jae Hyun , Singapore Sea Group , Ant Group , China Ant Group , While Kakao Bank , Kakao Bank , Financial Supervisory Service , Southeast Asia , Reserve Bank , Capital Markets , Financial Supervisory , Kakao Pay , Big Tech , Southeast Asian , Ant Backed Kakao ,

SEOUL South Korean internet giant Kakao's operating profit more than doubled in the fourth quarter of 2023 from the same period the year before, as ....

South Korea , South Korean ,

Kakao posts net loss of $1.24 bil. in Q4

Kakao, the operator of Korea s dominant mobile messenger app, said Thursday its net loss widened in the fourth quarter from a year earlier due to an increase in non-operating costs. ....

Kyonggi Do , South Korea , Choi Ju Yeon , Gyeonggi Province , Net Loss , South Korea , He Korea Times , Orea Times , Orean News In English ,