[Special Stock] KakaoBank Soars 8% on Record-Breaking Earnings
KakaoBank is showing strong performance in early trading on the 5th following news that it achieved record-high results last year.
As of 9:54 AM on the day, KakaoBank's stock is trading at 23,100 KRW, up 8.45% compared to the previous session.
KakaoBank announced that its annual operating profit for last year increased by 26.8% year-on-year to 606.9 billion KRW. Net profit rose 24.0% to 440.1 billion KRW, marking the highest performance ever. Operating profit and net profit for the fourth quarter of last year were recorded at 115 billion KRW and 84.5 billion KRW, respectively.
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The number of customers also increased. As of the end of last year, there were 24.88 million customers, with 2.04 million new users added over the year. Monthly Active Users (MAU) and Weekly Active Users (WAU) reached record highs at 18.9 million and 13.6 million, respectively.
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