Ryu Young-jun, CEO of Kakao Pay, "Leap to a Nationwide Lifestyle Financial Platform"

KOSPI Listing Ceremony at Korea Exchange
Opening Price 180,000 Won... Twice the IPO Price

Ryu Young-jun, CEO of Kakao Pay, is conducting the bell-ringing ceremony at the listing event held at the Korea Exchange on the 3rd.

[Asia Economy Reporter Kiho Sung] Ryu Young-jun, CEO of Kakao Pay, stated regarding the listing on the Korea Composite Stock Price Index (KOSPI), "Kakao Pay now stands on the stepping stone to leap once again as a nationwide lifestyle financial platform."

At the KOSPI listing ceremony held at the Korea Exchange on the 3rd, CEO Ryu said, "To live up to the name of a national platform, we promise transparent management that upholds principles and trust, user-centered financial innovation, mutual growth with various financial institutions and merchants, and sustainable growth that leaps beyond Korea to the world."

He added, "It was possible to continue innovative attempts to lower the difficult and complex barriers of finance based on technology and the vision to create new finance because of about 37 million users who chose and supported Kakao Pay," and stated, "To achieve both financial innovation and enhancement of shareholder value, I and the Kakao Pay crew will do our best."

Meanwhile, on the same day, Kakao Pay was listed on the Korea Composite Stock Price Index with an opening price of 180,000 KRW, which is double the public offering price of 90,000 KRW. Based on this, the market capitalization is approximately 23 trillion KRW.

Kakao Pay was the first in Korea to allocate 100% of the public offering shares for general subscribers equally. Anyone who subscribes to the minimum subscription unit of 20 shares (subscription deposit of 900,000 KRW) will receive the same number of public offering shares regardless of the amount.

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