[Special Stock] KakaoBank Approaches 50,000 Won Amid Foreign Buying Pressure

[Asia Economy Reporter Minji Lee] KakaoBank is rising more than 6% intraday, approaching the 50,000 won mark.

At 10:17 AM on the 17th, KakaoBank was trading at 49,200 won, up 6% from the previous trading day. The stock even surged to 49,900 won during the session.

KakaoBank has shown an upward trend for four consecutive trading days since the 14th. Foreign investors' net buying played a key role, purchasing stocks worth 85.2 billion won during this period. On this day as well, foreign investors net bought 250,000 shares intraday, while institutional investors net bought 27,000 shares.

Brokerages expect KakaoBank's net interest margin to improve significantly due to its high interest rate sensitivity. Suhyun Kim, a researcher at Shinhan Financial Investment, said, “The proportion of unsecured loans is overwhelming, and the proportion of long-term fixed-rate loans is extremely low, resulting in high interest rate sensitivity. It is estimated that the net interest margin increased by about 15 basis points in the fourth quarter of last year alone on a quarterly basis, which is more than twice that of commercial banks.”

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