Kakao Bank CEO Yun Ho-young, together with Superbank President Director Tigor M. Siahaan and other officials, marked the official launch of Superbank in Jakarta, Indonesia. As a result of its first overseas investment, Kakao Bank supported the establishment of Superbank, the first bank in Indonesia to focus on digital financial services. Kakao Bank, along with major shareholders including Grab, EMTEK Group, and Singtel, acquired a 10 percent stake in Superbank in September last year, expanding its business beyond the Korean market. The partnership with Grab enables Superbank to offer its services to Grab's vast user base, allowing users to open accounts, save money, and make direct payments within the Grab app for food delivery and motorcycle taxi services. Superbank has also benefited from Kakao Bank's expertise in financial products and services and user interface design, resulting in innovative savings products like "Celengan," based on Kakao Bank's existing product. Kakao Bank expressed its commitment to further engage in Superbank's planning and development process to deepen its understanding of the Southeast Asian market. In summary, Kakao Bank's investment in Superbank has resulted in the launch of the first digital-focused bank in Indonesia, leveraging partnerships and expertise to provide innovative financial solutions in the region.