South Korea's KakaoBank to buy 10% stake in Indonesia's Superbank

South Korea's KakaoBank to buy 10% stake in Indonesia's Superbank

A woman using a mobile phone walks behind a Singtel signage at their head office in Singapore February 11, 2016. Singtel, Southeast Asia's biggest telecommunications operator, posted a net profit of S$954 million ($687 million) for the three months ended December, compared with S$970 million a year ago. REUTERS/Edgar Su/ File Photo

South Korean digital bank KakaoBank Corp said on Tuesday it would buy a 10% stake in Superbank, the Singapore Telecommunications and Grab-backed digital-focussed bank in Indonesia.