Toss Bank CEO Hong Min-taek at the media conference on Oct. 5. South Korean government’s toughening stance on household loans is having a direct impact on the fast-growing internet banks in the country. The three internet-only banks, KakaoBank Corp., K Bank and Toss Bank, are expect
South Korea's antitrust body has launched an investigation into Kakao Mobility Corp. on allegations of discrimination against taxi drivers not subscribing to its paid membership, said a senior official of the Fair Trade Commission (FTC), which has been tightening its grip on platform and e-com
South Korea-based mobile financial platform Toss is en route to becoming the country's first fintech decacorn, or a company valued at over $10 billion, raising 460 billion won ($404.5 million) at a valuation of 8.2 trillion won ($7.4 billion) in the latest funding round, the company announced
Chung Sung-in, chairman of the Korea Venture Capital Association Growth in South Korea’s venture capital investments has been slow relative to the pace of the country’s economic growth, creating an opportunity for VC companies to further expand in the pandemic era, according to an i
South Korea’s leading car-sharing platform Socar Inc. has become the country's 12th unicorn valued at around 1.1 trillion won after receiving a fresh round of funding worth 50 billion won ($42.5 million) from domestic private equity firm SG Private Equity.The mobility startup will jo