Kakao Bank’s H1 profit jumps 24% on fee, treasury gains

Kakao Bank posted record first-half profit as rising fee income and gains from treasury operations helped offset slower household lending under regulatory curbs. Net income climbed 24.4 percent from a year earlier to 328 billion won ($229.7 million) in the first six months of the year, the internet-only lender said Wednesday. Second-quarter profit rose 11.5 percent to 140.8 billion won. Operating revenue increased 5.5 percent to 1.65 trillion won. Noninterest income, excluding interest earned on

By The Korea Herald