KakaoBank Corp - Company Profile
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KakaoBank Corp (KakaoBank) is a provider of digital banking solutions. The company's offering products include deposits, checking accounts, group accounts, safe box, time deposits, cards, co-branded credit cards, mini cards and flexible savings products. The company offers various loans such as micro loans, overdraft loans, credit loans, business loans, housing deposit loans and mortgage loan. It also offers mini card for teens. KakaoBank services comprise credit information, overseas remittance, wu transfer, e-banking, consulting and advisory solutions. The company serves individuals, corporate customers, small and medium enterprises and companies. It operates across South Korea. KakaoBank is headquartered in Seongnam, South Korea.
Headquarters
South Korea
Address
5f, S Dong, 231, Pangyoyeok-Ro, Bundang-Gu, Seongnam, 13494
Website
www.kakaobank.com
Telephone
82 2 62886000
No of Employees
1,506
Industry
Financial Services
Ticker Symbol & Exchange
323410 (KRX)
Revenue (2022)
$1.9B
55%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
34.9%
(2022 vs 2021)
Market Cap*
$8.6B
Net Profit Margin (2022)
XYZ
-13.0%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services |
|---|---|
| Deposits | Credit Information |
| Checking Account | Overseas Remittance Services |
| Group Account | WU transfer |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In October, the company announced its plans to acquire a 10% stake in Superbank. |
| 2023 | Contracts/Agreements | In June, the company signed a memorandum of understanding with SCBX PCL to acquire a license for a virtual Thai bank. |
| 2022 | Contracts/Agreements | In August, the company signed an agreement with Coinone to provide withdrawal and deposit accounts to investors under their real names per local regulations. |
Competitor Comparison
| Key Parameters | KakaoBank Corp | Industrial Bank of Korea | Woori Financial Group Inc | Shinhan Bank | KG Inicis Co., Ltd. |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | South Korea | South Korea | South Korea |
| City | Seongnam | Seoul | Seoul | Seoul City | Seoul |
| State/Province | - | - | - | Seoul | Seoul |
| No. of Employees | 1,506 | 12,495 | 13,434 | - | 213 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Woongseop Jin | Chairman | Executive Board | - | 64 |
| Yoon Ho young | Chief Executive Officer; Director | Executive Board | 2016 | 52 |
| Eunkyung Lee | Director | Non Executive Board | - | 59 |
| Sooyeol Choi | Director | Non Executive Board | 2021 | 55 |
| Kim Kwang Ok | Director | Non Executive Board | 2020 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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