"Trade Domestic and International Stocks with KakaoPay... Service Pre-Registration Begins"

Sequential Release for Mid-January Pre-Registrants

[Asia Economy Reporter Minji Lee] Kakao Pay Securities announced on the 5th that it has started a pre-registration event ahead of the launch of its stock service.

Kakao Pay Securities plans to launch an MTS (Mobile Trading System) on the Kakao Pay platform by the end of this month, enabling investment in domestic stocks, US stocks, and ETFs. Pre-registrants will be given sequential access to the stock service starting mid-January, in order of application, before the official launch.

By pre-registering, users can also enjoy commission-free benefits until April 30. Both Korean and US stock trading fees, including related institutional costs, will be completely free of charge, and currency exchange fees for US stock trading will also be 100% free.

The pre-registration event can be participated in via KakaoTalk and the Kakao Pay app. Users can apply by selecting the banner at the top of the ‘Financial Tips’ tab in the Kakao Pay app or through the banner at the top of the ‘Benefits’ tab in either the Kakao Pay app or KakaoTalk. The stock service is available to any Kakao Pay user aged 19 or older after opening a Kakao Pay Securities account. Those who already have a Kakao Pay Securities account can use the service immediately without opening a separate stock account. Since the commission-free benefit applies from the time of subscription to the stock service until April 30, the earlier the pre-registration, the longer the benefit period.

Kakao Pay Securities’ stock service will be integrated into the Kakao Pay platform without a separate app, similar to the currently offered fund service. Initially, various functions will be provided mainly through the Kakao Pay app, while KakaoTalk will include lighter features such as checking stock order history and notification services to offer a new user experience.

Considering the 37 million Kakao Pay users, the MTS will be designed so that anyone can conveniently invest in stocks regardless of age or stock experience. It offers an easy-to-use UX and stock recommendation features for users new to stock investing, while also providing rich charts and stock search functions for experienced investors to obtain sufficient information.

Meanwhile, the fund service, launched at the end of February last year, has gained user approval with seven carefully selected products by Kakao Pay Securities and innovative services such as ‘Coin Collecting,’ ranking first in the industry in terms of the number of individual public fund accounts. In less than two years, it has surpassed 180 million cumulative investment transactions and 1 trillion KRW in cumulative investment amount.

Kakao Pay Securities stated, “Just as we provided a new investment experience with user-centered UX and innovative services in the fund market, we will create change with an MTS that allows anyone to invest conveniently in the stock service. We hope users will enjoy the commission benefits while experiencing Kakao Pay Securities’ stock service first through the pre-registration event.”

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