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Announced

KT to invest $126m in Banksalad.

Synopsis

KT, an integrated telecom and digital platform service provider, agreed to invest $126m in Banksalad, a developer of a money management application. By acquiring Banksalad, KT will be able to secure a MyData license as well as around a hundred additional fintech experts. In addition, KT can consider various new services utilizing data possessed by Banksalad.

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