Yonhap Infomax NewsKakaoBank, South Korea’s leading internet-only bank, posted a record first-half net profit of 263.7 billion won ($203.6 million), up 14% year-on-year and in line with market expectations, driven by robust non-interest income and a growing customer base.
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KakaoBank Posts Record First-Half Net Profit of 263.7 Billion Won, In Line With Market Expectations
KakaoBank, South Korea’s leading internet-only bank, posted a record first-half net profit of 263.7 billion won ($203.6 million), up 14% year-on-year and in line with market expectations, driven by robust non-interest income and a growing customer base.