Kakao Pay Securities Surpasses 500,000 Accounts

[Asia Economy Reporter Minji Lee] Kakao Pay Securities announced on the 25th that the number of securities accounts opened through the upgrade of Kakao Pay Money has exceeded 500,000 in just 28 days.

Kakao Pay Securities officially launched the securities account upgrade service on February 27. By age group of subscribers, the 20s and 30s, who have high mobile platform usage rates and relatively less experience with securities services, accounted for 68.4% of the total. In particular, young adults starting their careers (ages 25?34), who have increasing interest in asset management, made up 39.2%. Those aged 50 and above accounted for 8.9%.

A company representative explained, “The convenience of a platform not restricted by securities firms’ business hours was effective,” adding, “46.4% of accounts were opened outside business hours, from 4 p.m. on weekdays to 8 a.m., and one in four opened accounts on weekends.”

Additionally, the excellent accessibility through KakaoTalk and the convenience of securities accounts linked with Kakao Pay Money and various financial services are believed to have drawn positive responses from users.

Kakao Pay Securities CEO Kim Dae-hong stated, “We plan to soon introduce a unique investment method on the Kakao Pay platform that can be enjoyed without specialized financial knowledge,” and added, “We will create a new investment culture that has not been experienced in existing securities services.”

Meanwhile, Kakao Pay Securities will pay up to 5% per annum (before tax), higher than market interest rates, weekly on account balances where Kakao Pay Money is automatically deposited until May 31. Benefits such as unlimited holding limits and depositor protection (up to 50 million KRW per person) are also provided.

This content was produced with the assistance of AI translation services.