KakaoBank signs MOU with Mongolia's largest telecom operator
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KakaoBank has signed a memorandum of understanding (MOU) with Mongolia’s MCS Group, taking a step toward expanding its footprint in Central Asia, the company said Thursday. MCS Group is one of Mongolia’s leading conglomerates, with subsidiaries spanning telecommunications, finance and engineering. It also operates M Bank, the country’s only digital bank. The agreement, signed April 3 at KakaoBank’s headquarters in Pangyo, Gyeonggi Province, details plans for a strategic equity investment in M Ba
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