The banking service initiated its public offering in July 2017, garnering considerable attention by acquiring over 240,000 customers within its inaugural 24-hour period.

[4] The bank selected KB Security and Credit Suisse to serve as lead managers for its IPO, with Citi appointed as a co-manager.

[5] According to a report from local media, Kakaobank was scheduled to submit its IPO application to a Korean exchange on April 15, 2021.

[6] Kakaobank offers its products through mobile applications that utilize straightforward Know Your Customer (KYC) methods.

[7] A significant shareholder, Kakao Corp, operates the messaging application KakaoTalk, which enjoyed widespread usage by 88% of South Koreans at the bank's inception.