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Kakao Bank to buy Mastern Capital in push beyond online banking
The Korea Herald
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Kakao Bank said Thursday it plans to fully acquire Mastern Capital, marking its first major move into nonbank lending as Korea's largest digital-only lender seeks to broaden its financial services portfolio.
The bank's board approved the purchase Wednesday of all 5 million shares in Mastern Capital for 24.1 billion won ($15.6 million), according to a regulatory filing.
Founded in 2022 through a joint investment by Mastern Investment Management and NH Investment & Securities, Mastern Capital is a ...
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