Kakao and Alipay Invest 160 Billion Won in KakaoPay
[Asia Economy Reporter Moon Hyewon] Kakao and Alipay have made a new investment of 160 billion KRW in Kakao Pay.
On the 19th, Kakao announced that it invested 44.8 billion KRW in Kakao Pay through a third-party allotment paid-in capital increase. Alipay Singapore Holdings also invested 115.2 billion KRW.
After the paid-in capital increase, the shareholding structure is Kakao 56.1%, Alipay Singapore Holdings 43.9%.
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Kakao Pay stated that the investment funds will be used to stabilize and advance existing businesses, expand capital for Kakao Pay Securities, and secure funds for new business investments.
This content was produced with the assistance of AI translation services.
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