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KakaoBank

#2133

Rank

$7.25B

Marketcap

South Korea

Country

KakaoBank
Leadership team

Mr. Yoon Ho-Young (CEO & Director)

Kwang-ok Kim (Deputy Representative Director)

Hyung-Joo Lee (Chief Bus. Officer)

Products/ Services
Banking, Finance, Financial Services, FinTech
Headquarters
Seongnam, Kyonggi-do, South Korea
Established
2016
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
323410.KS
Social Media
Overview
Location
Summary
KakaoBank of Korea Corp. provides Internet based banking products and services in South Korea. Its products and services include deposit and withdrawal accounts, safe box, piggy bank, term deposits, and savings accounts; emergency, negative bank, credit, and private business loans, as well as Jeonse deposit loans; and overseas remittance, and check and credit cards. The company was founded in 2016 and is based in Seongnam-si, South Korea.
History

The banking service went into public in July 2017 in getting a huge spotlight mainly due to its simplicity and unique and intuitive UI and UX. The bank attracted more than 240,000 customers within the first 24-hour-operation. The mobile app-based lender has achieved more than 10 million customers by July 11, 2019.As of March 31, 2021, kakaobank's customer volume is more than 14.2 million.

Valuation

In October 2020, the corporate valuation of the South Korean largest neobank was set around KRW 8.6 trillion through KRW 750 billion-capital raising from the U.S-based private equity TPG Capital and current shareholders.

IPO

On September 25, 2020, kakaobank officially announced its IPO plan to public.

The bank picked KB Security and Credit Suisse as lead managers for its IPO, with Citi as a co-manager.

According to a local media report, kakaobank would submit the IPO application to Korean exchange on April 15, 2021.

Mission
"Connect Everything" new connections, a better world
Vision
Connect Everything new connections, a better world. Cacao dreams of a more convenient and enjoyable world through new connections. We are trying to make the world better than yesterday by connecting people, people, people and technology more closely.
Key Team

Seok Kim (Chief Risk Officer)

Recognition and Awards
KakaoBank has been named “Best Mobile Banking Service” at the Korean Mobile Awards for three consecutive years from 2017 to 2019.
References
KakaoBank
Leadership team

Mr. Yoon Ho-Young (CEO & Director)

Kwang-ok Kim (Deputy Representative Director)

Hyung-Joo Lee (Chief Bus. Officer)

Products/ Services
Banking, Finance, Financial Services, FinTech
Headquarters
Seongnam, Kyonggi-do, South Korea
Established
2016
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
323410.KS
Social Media