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Kakao Bank's unionized workers to stage strike next week

Employees will begin a full-scale strike on July 31 following the collapse of wage and benefits talks with management.

2026.7.21

Kbank CEO Choi Woo-hyoung speaks to reporters during a press conference on the online-only bank's planned initial public offering in March in Yeouido, western Seoul, on Feb. 5. [KBANK]

Kbank to become stablecoin's biggest beneficiary, says its CEO ahead of IPO

Kbank, Korea’s first online-only bank, will become the biggest beneficiary bank of stablecoin, said its CEO, as the bank announced its expansion plans ahead of the scheduled initial public offering (IPO) next month.

2026.2.5

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Kakao Bank CEO Yun Ho-young, center, poses for a commemorative photo with Kanetaka Sawako, right, lead of Unicef’s Asia-Pacific hub, and Cho Mi-jin, secretary general of the Korean Committee for Unicef, after signing a global partnership agreement on climate crisis response for future generations at the Unicef Korea office on July 28. [KAKAO BANK]

Kakao Bank pledges $2 million to Unicef to support youth in climate-vulnerable regions

Kakao Bank, the internet-only banking subsidiary of Korean tech conglomerate Kakao, has pledged $2 million to Unicef to support youth in climate-vulnerable regions of Southeast Asia.

2025.7.29

Kakao Bank CEO Yun Ho-young gives a keynote speech at Money 20/20 Asia on April 22 at the Queen Sirikit Convention Center in Bangkok, Thailand. [KAKAO BANK]

Kakao Bank to become global standard for AI-powered banking, CEO says

Kakao Bank CEO Yun Ho-young shared the company’s vision to become the global standard for AI-powered banking services while stressing the importance of creating user experiences (UX) and interfaces (UI) that utilize the technology.

2025.4.23

A Seoul office of Kakao Bank, a Korean internet-only bank [NEWS1]

Kakao Bank reports record 2024 profit as customer base grows

Online lender Kakao Bank said Wednesday its net profit hit a record high in 2024 on increased interest income and a steady rise in its customer base.

2025.2.5

Kakao Bank net profit jumps more than 30 percent on growing customer base

Online lender Kakao Bank said Wednesday its third quarter net profit jumped more than 30 percent from a year earlier on increased interest income and a steady increase in its customer base.

2024.11.6

A passenger walks by a Kakao Friends shop, a character goods shop run by Kakao, in Seoul. [YONHAP]

Kakao shares tumble as founder Kim Beom-su arrested for market manipulation

Shares of Kakao and its affiliates are plunging, with the exception of Kakao Bank, as Kim Beom-su, founder of the Korean IT giant, was arrested early Tuesday morning on alleged market manipulation charges.

2024.7.23

Oh Bo-hyun, head of foreign currency services at KakaoBank, speaks during a press conference on the bank's newly launched Dollar Bank service held in southern Seoul on Tuesday. [KAKAOBANK]

KakaoBank launches no-fee dollar deposit service for global use

KakaoBank has launched a service offering dollar purchasing without a fee, allowing users to deposit, spend or send dollars daily.

2024.6.25

Kakao Bank posts record-high $268M net earnings, up 35%

Its net earnings beat analyst expectations, forecast at 346.8 billion won ($262 million) by the market tracker FnGuide.

2024.2.7

Kakao Bank posts $72.7 million in net profit, jumping 21 percent from a year earlier in the third quarter, on higher interest income. [YONHAP]

Kakao Bank sees 21% jump in Q3 net profit on interest income

Third-quarter net profit came to 94.5 billion won ($72.7 million), up 21.2 percent from a year earlier, Kakao Bank said in a regulatory filing on Wednesday.

2023.11.8