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 $44 billion. The bank benefits from its ties to its parent company, Kakao, one of South Korea’s most important internet companies, and the developer of the country’s ubiquitous messaging app KakaoTalk and payments app KakaoPay.
- Company Information
- Fintech Innovators Asia
- Updated:11/6/24
- Country/Territory:South Korea
- Headquarters:Seoul
- Industry:Commercial Banks
- CEO:Yoon Ho-young
- Website:https://www.kakaobank.com
- Ticker:
- Company type:Public
- Revenues ($M):$2,004
- Profits ($M):$292
- Market value ($M):$7,644
- Number of employees:1,552
Figures are for the latest twelve months ended Jun. 30, 2024. Market value as of October 28, 2024. Source: S&P Global.
- Category:Digital Banks
- Rank within category:2
KakaoBank in Fortune Rankings
- Fintech Innovators Asia