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(L to R) New co-CEOs of Kakao Corp Joh Su-yong and Yeo Min-soo attend a news conference in Seoul, South Korea, on March 27, 2018.
Online Startup KakaoBank Challenges South Korea’s Traditional Banking System
South Korea’s traditional banking sector is facing stiff competition from emerging digital banking platforms. The biggest challenger in this sector is KakaoBank. Founded in 2017, the virtual bank has risen from being an offshoot of...