KakaoBank Reports Operating Profit of 256.9 Billion KRW Last Year, Up 109% Year-on-Year
[Asia Economy Reporter Myung-hwan Lee] KakaoBank announced on the 9th that its operating profit for last year was tentatively estimated at 256.93626 billion KRW, a 109.66% increase compared to the previous year. During the same period, sales increased by 32.43% to 1.06493279 trillion KRW. Net profit for the period rose 79.63% year-on-year to 204.12414 billion KRW.
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KakaoBank explained, "Interest income increased due to loan growth, and fee income increased due to service expansion."
This content was produced with the assistance of AI translation services.
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