Kakao Bank to buy Mastern Capital in push beyond online banking

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

By The Korea Herald