Kakao Bank Aims To Become The No. 1 Financial Foundation ‘kim Chi’

Kakao Bank will try to launch a series of financial products and services connected to sectors, such as e-commerce and tourism, to bring a new financial experience to customers. Kakao Bank online Will expand operations to new business areas. Source: The Asian Banker Day 20/7, CEO (CEO) Daniel Yun of Kakao Bank, the bank only operate Korea's largest online, said the Bank will expand its operations to new business areas And becoming the No. 1 financial foundation "Kim Chi". At the meeting to prepare for the plan to issue shares for the first time (IPO) in August, CEO Yun said: "Kakao Bank will try Become the top financial foundation and penetrate areas such as insurance, funds and asset management "

. Yun notes that to achieve this goal, this online bank will continue to seek Digital innovation for banking products and services and enhancing competitive advantages. According to CEO Yun, Kakao Bank will try to launch a series of financial products and services connected to industries, such as E-commerce and tourism, to bring new financial experience to customers. In addition, Kaokao Bank will also provide new loan products to suit customers with low and medium credit levels, as well as small businesses
Kakao Bank plans to sell 65.45 million shares Votes and are placing an IPO price for each stock from 33,000 won (US $ 28.70) to 39,000 won (33.9 USD). After the IPO is expected to take place on August 6, Kakao Bank estimates that it will mobilize the value of more than 2,600 billion won.kakao Bank, belonging to Kakao Corp. - Operating unit of popular KakaoTalk messaging application in Korea, favored by mobile phone users in recent years. This online bank works 24/24, and customers can perform All Kakao Bank services without direct banking. This is a huge plus point of Kakao Bank for customers who do not have time to go to the bank during working hours ./
Ha Chung (according to yonhap)

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