Finance
KakaoBank posts record annual net profit, up 9.1 percent
KakaoBank recorded its highest-ever annual results again last year. The company said annual operating profit rose 7.0 percent from a year earlier to 649.4 billion won, while net profit increased 9.1 percent to 480.3 billion won. It said growth in non-interest income offset a decline in loan interest income. Non-interest income rose 22.4 percent to 1.09 trillion won, accounting for more than 35 percent of total operating revenue of 3.09 trillion won.
