Kakao Pay Reports 12.5 Billion KRW Operating Loss and 5.7 Billion KRW Net Loss in 2Q

[Asia Economy Reporter Lee Jung-yoon] Kakao Pay announced on the 2nd that its consolidated operating loss for the second quarter of this year was preliminarily estimated at 12.51 billion KRW, an increase of 53.1% compared to the same period last year.

During the same period, sales increased by 22.8% to 134.1 billion KRW, and net loss decreased by 38.4% to 5.716 billion KRW, according to preliminary estimates.