[Featured Stock] Kakao Rises on News of Record-High Sales
[Asia Economy Reporter Minji Lee] Kakao is showing strength following news that it recorded its highest-ever sales last year.
At 9:38 a.m. on the 13th, Kakao was trading at 176,000 KRW, up 2.33% from the previous session, on the Korea Exchange.
On this day, Kakao announced that its consolidated sales for last year reached 3.0898 trillion KRW, and operating profit was 206.6 billion KRW, representing increases of 28% and 183% respectively compared to the previous year.
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Kakao plans to provide a complete business ecosystem this year, spanning Talk Board, KakaoTalk Channels, Biz Message, and Pay. Additionally, it intends to accelerate mobile innovation in the tech-finance sector based on KakaoPay and KakaoBank.
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