Skip to main content

Kakao Bank publishes 2 million accounts in 2 weeks

Get updates direct: Subscribe via email
Kakao Bank has issued more than 2 million accounts in 2 weeks. Internet bank without branch office in South Korea have raised more than two million users and raised 1 trillion won (US$880 million) in savings and sold 770 billion won of loans since it was launched by Kakao Inc. end of last month that utilized the KakaoTalk messaging platform.

Tinuku Kakao Bank publishes 2 million accounts in 2 weeks

KakaoTalk is a mobile messenger app that has over 100 million users worldwide and enjoys unrivaled dominance in South Korea. In line with the popularity of the banking platform, Kakao also said it has issued more than 1.4 million Kakao Friends debit cards.

"To accommodate a better-than-expected market response, we run a 24-hour special task force and we open a second customer service center that allocates 500 employees to focus on counseling and complaints on the growing number of customers," Kakao Bank said.

Kakao launched an internet bank in last month after obtaining approval for listing on the KOSPI benchmark or a few months after K Bank was launched as the country's first internet bank to debut in April. K Bank did not expect the Kakao Bank popularity to exceed its number of customers in less than three days after launch.

K Bank immediately raised its annual interest rate for savings account users to 2.1 percent from 2.0 for the first time after launch. Until the end of last month, K Bank has 400,000 accounts or is lagging far behind Kakao Bank which uses a user-friendly mobile interface strategy.

Analysts say Kakao Bank has a better response than K Bank in the strength of the design platform and user convenience. The popularity of Kakao pushed stocks to a record 124,500 won on Aug. 1 or rose more than 25 percent from 99,000 won on July 14.

Kakao proved able to exploit the popularity of KakaoTalk to build Kakao Bank. The company also has enough space as a domino effect to encourage the growth of other platform businesses such as Kakao Games and Kakao Taxi in the long term.

Comments

Popular posts

Honda aims to cut electric car charging up to 15 minutes

Honda Motor Co. Ltd. aims to cut the electric car charging time by up to 15 minutes to compete Porsche. The auto giant headquartered in Minato plans to roll out an electric vehicle charging in 15 minutes for a 240 kilometer range in 2022 as one of the efforts to reduce barriers to battery-powered car expansion.

Porsche has scheduled the launch of an ultra-fast charging system for the Mission E electric car that is also an obsession with today's vehicle makers to seize market share in the industry of increasingly demanding mobility of environmentally friendly technologies.


Honda plans to release an electric car that runs completely 240 kilometers of battery charging for 15 minutes where the key to this plan is to develop a new type of high capacity battery to adopt ultra-fast charging.

The Japanese giant uses batteries for hybrid vehicles from Panasonic and others, but plans to collaborate with other companies to create new batteries. Lighter vehicle material and more efficient pow…

PepsiCo makes pre-orders 100 Tesla Semi trucks

PepsiCo Inc. makes pre-orders of 100 Tesla Semi trucks. An American multinational food, snack, and beverage corporation headquartered in Purchase, New York, has ordered Tesla Inc.'s largest electric truck today in an effort to reduce fuel costs and carbon emissions.

Tesla has convinced people about the technology and content to compete diesel trucks at relatively low cost. 100 Tesla Semi truck PepsiCo orders add orders of more than 267 trucks in a dozen combined companies such as Wal-Mart Stores Inc, J.B. Hunt Transport Services Inc., and Sysco Corp.


PepsiCo intends to apply Tesla Semi for snack and beverage shipments between manufacturing facilities, distribution and direct to retailers within the 500 mile (800 km) range promised by Tesla CEO Elon Musk.

The semi-trucks will complement the PepsiCo fleet in the US consisting of nearly 10,000 large trucks and an important part of the plan to reduce greenhouse gas emissions across the supply chain by a total of at least 20 percent by…

Pegipegi rebrand logo and pointing brand ambassador

Pegipegi.com rebrand by launching new logos and bringing celebrities as brand ambassador. The online travel agent platform headquartered in Jakarta also announced to add more destination information, multiply international routes and improve customer service quality.

Pegipegi rolled out a new logo and introduced Pevita Pearce as a brand ambassador. The company says the latest move as part of their strategy to dominate the travel agent online platform in Indonesia is in increasingly fierce competition.


Deputy CEO Pegipegi, Ryan Kartawidjaja, said rebranding aims to turn the vision into a fun traveling partner. The first step is to provide more information about interesting destinations in Indonesia through several communication platforms, including social media, Pegipegi Magazine and travel blogs.

"We will also strengthen customer service where internal surveys show our services very well. We will increase the number of customer service team to respond to phone calls, WhatsApp, an…

BAIC Motor stops selling gasoline cars in 2020

BAIC Motor Corp Ltd stops selling traditional-engine vehicles starting in 2020. Beijing-based vehicle manufacturers are announcing to stop selling gasoline-powered cars to follow government regulations that target at least electric vehicles will meet 20% of new car sales by 2025.

"Our goal is to stop the sale of conventional fuel-powered cars developed in Beijing by 2020 and stop production nationwide by 2025," BAIC chairman Xu Heyi said.


China has set a quota for the wider adoption of hybrid and electric cars that come into effect by 2019. This rule is predicted to shake up domestic and international car makers who continue to produce traditional-engined vehicles. China is the largest automotive market in the world today.

China's Deputy Minister of Industry said it would soon begin applying the ban on production and sales of traditional fuel cars. The government says the rule will be a difficult time for car manufacturers and should soon adapt.

Boeing repeat will beat SpaceX to Mars

Boeing repeats the claim of beating SpaceX to Mars. Boeing Company in October 2016 said it would beat Mars SpaceX missions, on Thursday CEO Dennis Muilenburg repeated the claim and added about the Space Launch System rocket will make its first flight in 2019 for a greeting mission around the Moon.

Boeing's CEO on Thursday again claimed to be beating SpaceX on a Mars mission. Muilenburg's confusing claims and challenges this time were met with cynicism by SpaceX founder and CEO Elon Musk who said on Twitter: "Do it."


Muilenburg says the rocket will be launched in 2019, but NASA admits it will not happen. Boeing also will not land a rocket on Mars without funding almost from NASA which has paid more than $ 10 billion for SLS development and has no actual funds to implement human exploration plans to Mars.

SpaceX also needs government funding to upgrade Falcon rockets to reach Mars, but Musk has devised plans for commercial purposes to support part of the cost. The SLS …