eBay, Tencent, and Daum Kakao join forces to bid for South Korean Internet bank license

betanews.com

"eBay and Tencent Holdings joined Daum Kakao in its bid to become South Korea’s first Internet bank. The bid is for one of two licenses to build Internet banks, which the government will commission later this year."

More digital companies asking for banking licenses (similar to what happened last year in China). Another sign Asia might soon be lightyears ahead of Europe.

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