shares in the south korean digital lender which has no brickandmortar branches jumped as much as 18 to 20400 won 1440 in morning trade remaining on course to post the largest daily gain since its listing in august 2021 the stock benchmark kospi edged up 01 kakaobanks rally came after it booked quarterly records in net and operating profit with respective gains of 47 and 51 from a year earlier supported by higher interest rates and strong user increases its net profit of krw7872 billion for the quarter beat an fnguidecompiled estimate of krw7540 billion while being largely in line with a factsetcompiled forecast of krw7899 billion kakaobank said it hit 1978 million users in late september more than twothirds of the economically active population in south korea the internetbased bank said it would buy back its own shares in march 2023