Kakao to increase stake in internet bank unit to 34%

Thursday 25 July 2019 | 12:24 CET | News
Kakao Corp, the operator of South Korean messenger app Kakao Talk, has received approval from the country's financial regulator to increase its stake in internet-only bank Kakao Bank, Yonhap news agency reports. Kakao can now up its stake in Kakao Bank to 34 percent from the current 18 percent.

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Categories: Internet
Companies: Kakao
Countries: Korea, Republic of
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