Kakaopay-2021 earnings

Kakaopay remains in red in 2021

SEOUL, Feb. 8 (Yonhap) -- Kakaopay Corp. on Tuesday reported its 2021 net loss of 32.3 billion won (US$27 million), remaining in the red compared with the previous year.

The company said in a regulatory filing that it continued to post an operating loss of 27.2 billion won for the year, compared with a loss of 17.9 billion won a year earlier. Revenue rose 61.3 percent to 458.6 billion won.

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