Citi to shut retail banking business in South Korea
American banking giant Citigroup has announced that it will close its retail banking business in South Korea. The firm decided…
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SCB Korea taps OpenLegacy to extend core functionalities to internet banking
Standard Chartered Bank Korea (SCB Korea) has teamed up with OpenLegacy on API integration of core banking platforms. SCB Korea…
Kakao Bank stock debuts at 79% premium to IPO price
South Korean digital lender Kakao Bank made its public debut with its stocks surging roughly 80% above its IPO price.…
Solace to enhance SCB Korea’s online banking platform
Solace has entered into a partnership to enhance Standard Chartered Bank Korea’s (SCB Korea) online banking platform Straight2Bank (S2B). The…
South Korean fintech Viva Republica raises $173m in new funding
Viva Republica, the parent company of peer-to-peer payment service Toss, has raked in KRW26bn ($173m) in a new funding round…
South Korea’s central bank partners Kakao Enterprise to boost AI capabilities
Bank of Korea, the country’s central bank, has inked a memorandum of understanding (MoU) with Kakao Enterprise for developing its…
South Korean digital lender KakaoBank launches credit card service
South Korea-based internet-only bank KakaoBank has partnered with local issuers to offer credit card service. Through the credit card service,…
BC Card to acquire 10% stake in South Korean online bank K-Bank
BC Card, a subsidiary of South Korean telecom giant KT, has reached an agreement to acquire a 10% stake in…