Online Lender Kakao Bank’s Net Rises Ninefold in Q2
SEOUL, Aug. 5 (Korea Bizwire) — Kakao Bank, South Korea’s top internet-only lender, said Wednesday its second-quarter earnings soared nearly ninefold from a year ago due mainly to more interest income. Net profit came to 26.8 billion won (US$22.5 million) in the April-June period, up 793.3 percent from a year earlier, the lender said in [...]