Finance
KakaoBank to pursue M&A in payments and capital firms to build growth drivers
KakaoBank said it will pursue inorganic growth and is actively pushing mergers and acquisitions, prioritising payments and capital companies, as it seeks to bolster medium- to long-term growth drivers. CFO Kwon Tae-hoon said a capital firm could open new markets for an internet bank. The bank said its platform-based growth has helped stabilise deposits and non-interest income, and it aims to prepare an M&A deal within the year.
