Kakaopay remains in red in Q4

Kakaopay-Q4 earnings

Kakaopay remains in red in Q4

SEOUL, Feb. 8 (Yonhap) -- Kakaopay Corp. on Tuesday reported its fourth-quarter net loss of 33.1 billion won (US$27.6 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 28.8 billion won for the October-December period, compared with a loss of 11.6 billion won a year earlier. Revenue rose 37.3 percent to 127.4 billion won.

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