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Finance
Kakao finance units post record quarterly results as Bank, Pay step up user and data-driven growth
Kakao Corp’s finance units KakaoBank and KakaoPay posted their best-ever quarterly results in the first quarter, South Korea’s financial sector said. KakaoBank’s net profit rose 36.3 percent to 187.3 billion won, while KakaoPay’s surged 141.5 percent to 34.7 billion won. Both cited user growth, broader revenue sources and expanded data-driven services, alongside stronger platform and advertising-related performance.
Finance
KakaoBank sets mid-to-long-term growth roadmap in motion on record quarterly results
KakaoBank is moving ahead with a mid-to-long-term growth roadmap after posting its best-ever quarterly performance. The company said first-quarter net profit totalled 187.3 billion won, a record for a quarter. It outlined plans to broaden its deposit products, expand AI features, grow lending with tighter risk management and push new businesses including a won-based stablecoin ecosystem. It is also reviewing a capital company acquisition and seeking to monetise overseas operations.
Finance
NH Nonghyup Bank launches back-to-school account opening event for teens
NH Nonghyup Bank said on March 3 it will run a back-to-school promotion for youth customers from March 3 to April 30. Under the “Teens-only back-to-school checklist” event, elementary, middle and high school students who sign up on NH All One Bank for demand deposits or savings products are automatically entered. A lottery will award 10,000-won Olive Young vouchers to 1,000 winners, with an additional voucher for those opening both types.
