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Kakao's Q3 profit doubles as pandemic drives online demand

South Korean internet company is gearing up for banking unit's IPO

Kakao is best known for its KakaoTalk app but its operations cover a wide range of services, from internet banking to ride-hailing and gaming.   © Reuters
KIM JAEWON, Nikkei staff writer | South Korea

SEOUL -- South Korean internet company Kakao's operating profit doubled on the year in the third quarter as the coronavirus pandemic boosted revenue across its suite of online and digital services, which included gaming, internet banking and its popular chat app KakaoTalk.

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