Kakao Pay Securities Appoints Kim Daehong and Lee Seunghyo as New Co-CEOs

Platform Channel Strategy Advancement and Integration of Latest IT Technologies
Aiming to Create Synergy Optimized for KakaoPay Platform

[Asia Economy Reporter Minji Lee] Kakao Pay Securities announced on the 9th that it will transition to a co-CEO leadership structure to spread a new investment culture based on its platform and accelerate growth.

Kakao Pay Securities announced on the 9th that it has appointed the current CEO of Kakao Pay Securities, Kim Dae-hong, and the current Vice President in charge of Kakao Pay Product, Lee Seung-hyo, as the new co-CEOs. The two CEO appointees are scheduled to be officially appointed as CEOs after the shareholders' meeting and board of directors meeting scheduled for March next year.

CEO Kim Dae-hong was appointed CEO in February last year and has led the launch and market establishment of Kakao Pay Securities. He has overseen overall corporate management and the personal finance service sector (retail business), establishing a platform strategy that unified Kakao Pay Securities' channels into Kakao Pay. Through this, he achieved a strong integration between securities services and the Kakao Pay platform, contributing to a fresh breeze in the fund market by ranking first in the industry for the number of public fund accounts for individual customers with only seven fund products through new services combined with the platform such as 'Coin Collecting? Egg Collecting'. The MTS, which has been prepared through long-term collaboration with CEO appointee Lee Seung-hyo, is also scheduled for release early next year.

Lee Seung-hyo’s appointment as the new CEO was highly evaluated for his deep understanding of financial platforms and IT products, enabling him to create synergies optimized for the Kakao Pay platform through channel strategy advancement and the incorporation of the latest technologies. Since joining as Vice President in charge of Kakao Pay Product in May 2018, Lee Seung-hyo has built and managed Kakao Pay’s service portfolio covering all financial areas from payment and remittance to investment, insurance, loan brokerage, and asset management.

Based on his technical understanding, he has promoted the construction of an innovative financial platform by applying intuitive UX and scalable backend technology solutions. Drawing on extensive experience in product launches and advancement through in-depth data analysis, user research, and thorough development cycle management, he has led the provision of user-centered products and the capture of new opportunities. In particular, he has overseen Kakao Pay’s investment and asset management services and continued various collaborations for Kakao Pay Securities’ platform channel strategy.

CEO Kim Dae-hong stated, “Over the past two years, I have focused on establishing a foundation for creating a new investment culture by achieving market settlement through the strong integration of Kakao Pay Securities and Kakao Pay and leading new changes in the public fund market. Going forward, I will work closely with CEO appointee Lee Seung-hyo to fulfill my responsibilities to the best of my ability so that innovative services can expand in a wider area as Korea’s first tech-fin securities company.”

CEO appointee Lee Seung-hyo expressed, “I feel a heavy responsibility and excitement for new challenges as I take on an important role at the point when Kakao Pay Securities is beginning its full-fledged leap as a tech-fin securities company. I will do my best to lead changes in Korea’s investment and asset management culture with innovative services centered on Kakao Pay Securities users by further strengthening the synergy strategy with the Kakao Pay platform used by 37 million people.”

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