From investor to operator: Kakao Bank's next overseas bet

Kakao Bank is preparing for its biggest overseas test yet. The launch of its Thai virtual bank venture, Bank X, marks a shift from investor to operator for Korea's largest internet-only bank. Unlike its previous overseas investments, Kakao Bank is taking responsibility for designing and developing the digital bank's mobile platform and services, making it the most hands-on role it has assumed in an overseas venture. "We think the launch will probably take place late this year or early next year,

By The Korea Herald