Kakao Q1 Net Swells by Over Fivefold on Gains from Dunamu Stock Disposal
SEOUL, May 4 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Wednesday its first-quarter net profit jumped by more than fivefold from a year earlier, due to one-off gains from the disposal of its stocks in a local crypto exchange operator. Net income reached 1.32 trillion won (US$1 [...]