Home Kakao, Tencent, eBay join for SKorea internet bank license
 

Keywords :   


Kakao, Tencent, eBay join for SKorea internet bank license

2015-10-01 09:34:00| Telecompaper Headlines

(Telecompaper) South Korean mobile messaging services provider Kakao (former Daum Kakao) said Chinese internet company Tencent and eBay have joined its bid for a new South Korean internet bank license, Reuters reported. Tencent and eBay will make their investments through subsidiaries, which are expected to take stakes of 4 percent or less in the bank should a license be gained. Kakao declined to comment on financial terms. South Korea is expected to grant one or two licenses for internet banks this year. Kakao's bid is one of at least three known bids.

Tags: internet join license ebay

Category:Telecommunications

Latest from this category

All news

»
14.11AKB48 1st
14.11kindle 10
14.11
14.11YAMAHA PORTATONE PSR-340
14.112003 112
14.11 14533.5
14.11caligari 17
14.11 amnjx 27circus
More »