KakaoBank said on the 25th it is pursuing the acquisition of 100% equity in Mastern Capital.
Mastern Capital is a specialized credit finance company established in 2022 with joint investment by Mastern Investment Management and NH Investment & Securities. KakaoBank plans to complete the acquisition process as early as the end of the year and secure the licenses and operating base needed to enter the capital business.
Through this acquisition, KakaoBank will expand its business portfolio into the nonbank credit sector. By extending the non-face-to-face financial capabilities and technological strength KakaoBank has accumulated since its launch into the capital market, it is expected to innovate so that capital services, previously offered mainly face-to-face, can be used more easily and conveniently.
KakaoBank plans to begin with installment finance and gradually expand its business areas within the capital business. In the short term, it will build a stable business foundation while promoting the digital transformation of the auto finance market through collaboration with various partners, including automobile distribution platforms.
Afterward, it plans to broaden its business scope not only to leasing and rental but also to corporate finance and investment finance, diversifying its credit portfolio and contributing to the expansion of productive finance.