Yes24 Acquires Additional Kakao Bank Shares Worth 9.9 Billion KRW
[Asia Economy Reporter Oh Ju-yeon] Yes24 announced on the 12th that it will additionally acquire 419,591 shares of the internet-only bank Korea Kakao Bank for approximately 9.9 billion KRW. After acquiring the shares, Yes24's stake in Korea Kakao Bank will be 1.9%.
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The company explained, "We expect synergy effects with online-based infrastructure and mobile financial services, expansion of the user base, and thereby aim for long-term business stability."
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