{
  "id": 19617025,
  "title": "KakaoBank simplifies banking for foreign residents with mobile account service",
  "url": "https://urgent.news/2026/11/12/kakaobank-simplifies-banking-for-foreign-residents-with-mobile",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T07:22:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/banking-finance/20261112/kakaobank-simplifies-banking-for-foreign-residents-with-mobile-account-service"
  },
  "original_language": "en",
  "account": null,
  "summary": "KakaoBank has launched a mobile account service specifically designed for foreign residents, attracting 20,000 accounts within its first month of operation. The service, introduced in October, is available to foreign residents aged 19 and older and can be opened through the bank's app in just five minutes. Customers can also apply for debit cards and send money overseas through the app without needing to visit a physical branch. The registration process is streamlined through the government's Public MyData service, which retrieves personal details such as names, nationalities, addresses, and occupations. Myanmar nationals made up the largest share of account holders at 30.3 percent, followed by Chinese nationals at 18 percent, Vietnamese at 16.6 percent, Thai at 4.8 percent, and Japanese at 4.6 percent.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}