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Kakao Bank continues to ride high

[THE INVESTOR] Kakao Bank, Korea’s second internet-only bank that’s stirring up the country’s banking industry drew 1 million new accounts just in 102 hours since it began operation on July 27. A of 1 pm on July 31, the bank also attracted 344 billion won ($307 million) worth of deposits, while extending 323 billion won in loans. Run by Korea’s leading messaging app KakaoTalk operator Kakao Corp., it has outpaced its rival K bank which was launched on April 3. Related:Kakao Bank bags over 300,00

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