KakaoBank is South Korea’s largest digital bank when measured by user numbers and asset size, and the country’s largest bank–digital or not–by market cap. KakaoBank has over 23 million users and assets of some $44 billion. The bank benefits from its ties to its parent company, Kakao, one of South Korea’s most important internet companies, and the developer of the country’s ubiquitous messaging app KakaoTalk and payments app KakaoPay.
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