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, ...