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Fintech innovation

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Kakao Bank's accounts top 10 million in two years of launch

The number of people who have Kakao Bank accounts has exceeded 10 million, according to Korea's second internet-only bank, Thursday. The bank, which opened July 27, 2017, has attracted one in five Koreans as a customer in just two years. Kakao Bank's customer number far exceeds the 7.32 million of Rakuten, a Japanese internet-only bank launched in 2001.

Kakao Bank has brought about astonishing changes to Koreans' financial lives. Most notable is that the extending and receiving of........

© The Korea Times