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Finance

KakaoBank sole proprietor loans top 4 trillion won; refinancing product to launch in November

KakaoBank said on Thursday its sole proprietor loan balance had surpassed 4 trillion won, 3 years and 11 months after the product launch. The lender said it expanded its lineup from credit loans to guarantee-backed loans and real estate secured loans, and operates guarantee loans with interest support through agreements with 17 regional credit guarantee foundations. It plans to launch a refinancing product in November and introduce a joint loan with Busan Bank next year.

Games & Commerce

Kakao holds \'AI Sail Summit 26\' in Busan, shares group AX cases

Kakao held the \'Kakao AI Sail Summit 26\' in Busan to share artificial intelligence transformation (AX) cases across group affiliates and to unveil business plans to support local AI talent and entrepreneurs. About 800 local AI talent, entrepreneurs and developers attended. Kakao, Kakao Mobility, KakaoBank, Kakao Pay and Kakao Pay Insurance presented AI technologies and AX applications in their businesses. Kakao AI Sail also outlined a three-stage support structure spanning talent development, startup commercialisation and regional ecosystem expansion.

Crypto

MoonPay sets up Korean unit to target crypto payments market

MoonPay, a global crypto payments and stablecoin infrastructure company, said on Tuesday it has established a Korean unit, MoonPay Korea, to expand its domestic business. The company plans to develop South Korea as a key base for broader expansion across Asia. It aims to localise services with local partners, integrate with financial systems and validate customer experience before scaling to other Asian markets. MoonPay is also pursuing cooperation with several Korean financial and technology firms.