Net income of Kakao Bank from 2016 to 2024 (in billion South Korean won)

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Release date

April 2025

Region

South Korea

Survey time period

2016 to 2024

Supplementary notes

* The figure for 2016 relates to the period from January 22 to December 31, 2016.

1,000 South Korean won equals 0.68 U.S. dollars or 0.63 euros as of April 2025. 

Figures have been rounded.

Citation formats

Net income Kakao Bank 2016-2024

Published by K. Scholle, Apr 15, 2025

In 2024, the net income of Kakao Bank amounted to around *** billion South Korean won, representing an increase from the previous year. The company, founded in January 2016, made losses in its first years, but began to turn a profit in 2019 with a net income of approximately **** billion South Korean won. As one of the first digital banks in South Korea, Kakao Bank attracted over ** million customers within just two years after its banking service went public in July 2017. The bank benefited in part from growing internet and mobile banking users in South Korea, especially after the outbreak of coronavirus (COVID-19) in 2020.

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Statistics on " South Korea's Kakao Bank "

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Overview

7

Assets and liabilities

4

Profitability and resilience

8

Leading products

4

Digital competitors

5

Usage

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Topics

Kakao BankSmartphone usage in South KoreaMobile banking in South KoreaBanking industry in South KoreaCryptocurrency in South Korea
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