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Thailand’s SCBX reaffirms partnership with Kakao Bank

August 06, 2024

Thai financial giant dismisses the impact of Kakao Founder's indictment in pursuing digital banking partnership with Korean lender

Founder's arrest leaves Kakao's future in doubt

July 23, 2024

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, has been plunged into crisis, as its founder and top decision-maker Kim Beom-su was arrested on Tuesday on charges of stock price rigging linked to last year's takeover of K-pop powerhouse SM Entertainment.

Prosecutors seek arrest warrant for Kakao founder over alleged stock manipulation

WEDNESDAY, JULY 17, 2024

Prosecutors on Wednesday requested an arrest warrant for Kim Beom-su, the founder of Kakao Corp., on charges of involvement in suspected illegal stock manipulation during the tech giant’s acquisition of K-pop powerhouse SM Entertainment last year.

Will Kakao Bank secure footing in untapped Thai market?

WEDNESDAY, MARCH 20, 2024

Thailand has been an untapped market for South Korean financial firms since their exodus in the late 1990s. Kakao Bank, the nation’s top online-only bank, now aims to expand into Thailand's growing digital banking sector.

SCBX partners with Korean lender in latest move for digital bank licence

FRIDAY, JUNE 16, 2023

SCBX, the financial technology business group of Siam Commercial Bank, announced an official partnership with South Korea’s largest digital bank, KakaoBank, on Friday as part of its effort to apply for a licence from the Bank of Thailand to establish a virtual bank.

South Korea’s Kakao outage: What happens when a country relies on one app?

TUESDAY, OCTOBER 18, 2022

South Korean tech giant Kakao said most of its services have been restored following an extended outage that began Saturday. But as the country suffered a digital blackout for many hours, the dominance of this “super app” is being called into question.

Kakao founder becomes richest person in S. Korea

SUNDAY, AUGUST 01, 2021

Kim Beom-su, the founder of the company behind South Korea’s most popular messaging app KakaoTalk, is now the richest person in the country, according to the Bloomberg Billionaires Index on Friday.

Naver, Kakao in battle over Korea’s mobile payment market

MONDAY, SEPTEMBER 23, 2019

South Korea’s biggest internet search company Naver has finalized its plan to launch a financial subsidiary by November, presenting a challenge to the country’s leading messenger app operator Kakao in the mobile payment market.

New taxi service launched

SATURDAY, MARCH 23, 2019

Waygo Blue, a cab-hailing service, is the first collaborative platform launched by Kakao with Tago Solutions, an operator of cab services, since their grand consensus earlier this month following heavy confrontation over claims of business interference.

Korea blockchain investments targeted

MONDAY, APRIL 02, 2018

DUNAMU, the operator of South Korea’s largest cryptocurrency exchange Upbit, backed by local mobile messaging giant Kakao, has announced that it plans to invest 100 billion won ($92.5 million) toward blockchain technologies over the next three years.

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