Finance
KakaoBank steps up Mongolia push with strategic partnership with MCS Group
KakaoBank said on April 9 it signed a business agreement with Mongolia\'s largest company, MCS Group, to accelerate its entry into the Mongolian financial market. The two companies agreed to cooperate on a strategic equity investment in M Bank, upgrades to credit scoring models and joint development of alternative credit scoring, advice on products, services and UX and UI, and joint entry into Central Asia. KakaoBank plans to apply its credit assessment and risk management capabilities in Mongolia.
