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Korea's largest internet-only bank, offering mobile deposits, loans and payments with no physical branches.
Korea's largest internet-only bank, offering mobile deposits, loans and payments with no physical branches.
Earns mainly the spread between interest on loans and deposits, with the rest from fees on payments, debit-card use and referring customers to other lenders' loans. Having no branches keeps costs per customer low. Kakao Corp, owner of the messaging app, is the largest shareholder, and Korea Investment Holdings is the other large holder.
In one line: Korea's Chime/SoFi-style banking arm.
Moat: narrow (network effects, distribution, brand). Distribution through Kakao's near-ubiquitous messaging app drives low-cost customer acquisition.
Headquarters: Seongnam, South Korea · Founded: 2016 · Employees: 1,806
Size KakaoBank (323410.KS) is a South Korea Financials company (Regional Banks) with a market value of $7.28B, the 55th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩20,750 on 6 Nov 2026.
Performance Over six months the shares fell 14.8%, against +6.1% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +6.6%); the operating margin is 21.5% (peer median 45.2%).
Valuation It trades at 1.46× book value against a peer median of 1.25× (8th most expensive of 21).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩3.21T | ₩3.01T | ₩2.93T | ₩2.49T | ₩1.61T |
| Revenue growth | — | +3% | +18% | +55% | — |
| Net income | ₩575B | ₩480B | ₩440B | ₩355B | ₩263B |
| Free cash flow | n/a | -₩14.9T | ₩847B | ₩861B | ₩523B |
| Capital expenditure | n/a | ₩71.5B | ₩45.3B | ₩34.3B | ₩58.9B |
| Total debt | n/a | ₩127B | ₩106B | ₩117B | ₩110B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| KakaoBank 323410.KS | $7.28B | -15% | +6% | 7% | 1.46× | 8.5% |
| KBFinancialGroup 105560.KS | $37.5B | -5% | +32% | 10% | 0.99× | 5.6% |
| Rakuten Bank 5838.T | $6.36B | -9% | +38% | 22% | 2.55× | 8.1% |
| ShinhanGroup 055550.KS | $29.2B | -13% | +32% | 9% | 0.78× | 5.2% |
| Hanafinancialgr 086790.KS | $22.5B | -7% | +39% | 10% | 0.79× | 5.3% |
| WooriFinancialGroup 316140.KS | $17.0B | -5% | +37% | 10% | 0.71× | 4.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 323410.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.5% | +1.5% | 8th highest of 21 |
| 6-month return | -14.8% | +6.1% | lowest of 21 |
| Return on equity | 7.2% | 11.1% | 4th lowest of 21 |
| Price / book | 1.46× | 1.25× | 8th most expensive of 21 |
| ROE the price implies | 8.5% | 9.7% | 9th least demanding of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| KakaoBank 323410.KS | South Korea | $7.28B | -15% | +6% | 7% | 1.46× | 8.5% | n/a |
| AU Small Finance Bank AUBANK.NS | India | $7.39B | -10% | +17% | 16% | 3.21× | 44.0% | 15.7% |
| Kyoto Financial Group,Inc 5844.T | Japan | $7.14B | -11% | +19% | 8% | 0.79× | 5.9% | 7.9% |
| IDFC First Bank IDFCFIRSTB.NS | India | $7.05B | +10% | +13% | 6% | 1.35× | 24.3% | 6.3% |
| Bank Millennium MIL.WA | Poland | $7.04B | +26% | -2% | 16% | 2.80× | 38.0% | 15.6% |
| Shanghai Commercial & Savings Bank 5876.TW | Taiwan | $7.56B | +34% | -17% | 9% | 1.17× | 4.0% | 8.6% |
| Commerce Bancshares CBSH | United States | $7.82B | +6% | +9% | 15% | 1.87× | 12.1% | 14.9% |
| Luzerner Kantonalbank LUKN.SW | Switzerland | $7.86B | +28% | -3% | 9% | 1.76× | n/a | 8.9% |
| BNP Paribas Bank Polska Spolka Akcyjna BNP.WA | Poland | $6.65B | +20% | -8% | 16% | 1.59× | 14.8% | 16.2% |
| United Bankshares UBSI | United States | $6.57B | +11% | +4% | 9% | 1.20× | 9.7% | 9.4% |
| Hachijuni Nagano Bank 8359.T | Japan | $6.53B | +6% | +20% | 7% | 0.85× | 5.6% | 6.5% |
| Western Alliance Bancorp WAL | United States | $8.13B | -8% | +8% | 13% | 1.11× | 12.9% | 13.2% |
| Ringkjobing Landbobank A/S RILBA.CO | Denmark | $6.44B | +16% | +2% | 20% | 3.58× | 10.2% | 20.5% |
| Bank of Suzhou 002966.SZ | China | $6.41B | +12% | +5% | 11% | 0.79× | 2.8% | 10.9% |
| Rakuten Bank 5838.T | Japan | $6.36B | -9% | +38% | 22% | 2.55× | 8.1% | 21.5% |
| Glacier Bancorp GBCI | United States | $6.27B | -1% | +21% | 9% | 1.45× | 11.2% | 8.8% |
| Prosperity Bancshares, Inc.(R) PB | United States | $8.60B | +4% | +19% | 6% | 0.88× | 7.5% | 6.5% |
| Columbia Banking System COLB | United States | $8.62B | +1% | +22% | 11% | 1.19× | 9.3% | 11.2% |
| Bank of Changsha 601577.SS | China | $6.03B | 0% | -9% | 11% | 0.52× | 2.8% | 11.1% |
| Qilu Bank 601665.SS | China | $6.02B | +2% | +1% | 12% | 0.75× | 3.2% | 12.2% |
| Home BancShares HOMB | United States | $5.97B | +12% | +2% | 11% | 1.31× | 10.2% | 11.1% |