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Kakaobank's net profit increased 43 percent on year to 66.8 billion won ($52.7 million), according to the preliminary report released on Tuesday, falling short of the 74.2 billion won consensus.
Semiconductor exports saw one of their best performances ever last year, second only to 2018, despite the pandemic and U.S.-led sanctions on a major buyer, Huawei.
Shinhan Financial Group and Hana Financial Group announced Monday they will work together to jointly expand their global business in an unprecedented move for two of the biggest players in Korea's highly-competitive financial market.
Korea JoongAng Daily Sitemap