KakaoBank shares surged more than 7% early on the 5th. It is seen as rising for a second straight session after posting record results the previous day.
As of 9:21 a.m. that day, KakaoBank shares were trading at 26,950 won on the main board, up 7.80% (1,950 won) from the previous day.
This appears to be due to KakaoBank posting record earnings and the release of a report from the securities sector with a positive assessment.
The previous day, on the 4th, KakaoBank said it recorded an annual operating profit of 649.4 billion won and a net profit of 480.3 billion won last year. They are record highs, up 7.0% and 9.1%, respectively, from a year earlier.
Jeon Bae-seung of LS Securities said in a report that day about KakaoBank, "We expect the growth premium to resume," adding, "With an expansion in interest income and business areas, both profitability improvement and growth are expected in 2026." The target price was also raised to 32,000 won.