Tag: online bank

Consortium gets approval for online only banks

Consortium gets approval for online only banks

Written by on November 30, 2015 in News with 0 Comments

SEOUL (Reuters) – South Korea’s financial regulator has given preliminary approval to a consortium backed by Kakao Corp and an affiliate of China’s Alibaba Group Holding Ltd to set up the country’s first online-only banks. Kakao, which runs South Korea’s most popular mobile chat service, is part of a consortium of 11 partners including units […]

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