[Featured Stock] SettleBank Rises on Strong Q2 Earnings

[Asia Economy Reporter Yoo Hyun-seok] SettleBank is showing strong performance. This appears to be influenced by the announcement of strong results for the second quarter.

As of 9:36 AM on the 5th, SettleBank was trading at 34,000 KRW, up 4.29% (1,400 KRW) compared to the previous trading day.

SettleBank announced that its provisional sales for the second quarter reached 26.1 billion KRW, a 36.4% increase compared to the same period last year. Operating profit for the same period rose 96.0% to 4.5 billion KRW.

SettleBank, established in 2000, is a fintech (Finance+tech) company specializing in electronic financial payment services. Its main businesses include simple cash payments, virtual accounts, firm banking, and electronic payment (PG) services. It currently operates the government-led simple cash payment service 'ZeroPay.'

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