je.st
news
South Korea Grants Kakao, KT-led Groups Online Bank Permits
2015-11-29 16:31:57| Telecom - Topix.net
South Korea gave preliminary approval for two groups -- one from the new economy and another from the old, and both with Chinese partners -- to set up the nation's first Internet-only banks as the government seeks to reinvigorate a sector suffering from slow growth and slim margins. Kakao Corp., operator of Korea's leading messaging app KakaoTalk, and KT Corp., the former government phone monopoly, were chosen from a field of three applications.
Tags: online
south
groups
bank
Category:Telecommunications