Finance
KakaoBank signs joint venture agreement with SCBX to push ahead with Thailand virtual bank
KakaoBank is moving ahead with plans to establish a virtual bank in Thailand after signing a joint venture investment agreement with SCBX. The signing ceremony took place in Bangkok. KakaoBank plans to acquire a 10 percent stake first and later increase it to 24.5 percent, becoming the second-largest shareholder. It will oversee front-end development, with WeBank Technology Services joining as a technology partner.
