Banking & Finance
Moody's urges Korean banks to beef up online platforms
South Korea's traditional banks, led by KB, Shinhan, Hana and Woori, will need to strengthen their online platforms as KakaoBank, the country's leading mobile banking app, is now venturing into their core markets of mortgage and merchant loans, according to Moody's Investors Service. The rapid growth of KakaoBank, launched in 2017, underscores a Big Tech company's successful penetration int