Kakao Pay Securities Launches Stock Beta Service for All Users

[Asia Economy Reporter Minji Lee] Kakao Pay Securities announced on the 14th that it has opened its stock beta service to all users. The company plans to officially launch the stock service in March with a feature that allows real-time fractional trading of overseas stocks.

Unlike existing MTS, Kakao Pay Securities placed the ‘My Stocks’ tab, which shows the total investment amount and rate of return at a glance, as the first tab. They added a friendly and fun touch with a Kakao Friends theme that changes according to the rate of return.

Based on users’ spending history and age, a stock recommendation feature was also included. It informs users of stocks of companies where they have made many payments in the past month, stocks frequently purchased by peers, stocks bought by the top 10% in investment amount, and stocks bought by the top 10% in rate of return. Users can also view their set favorite stocks in one place. Favorite stocks can be easily shared with acquaintances via KakaoTalk.

Kakao Pay Securities focused primarily on building a UI/UX that is convenient to use. Korean and U.S. stocks are not separated into different tabs but are displayed on one screen to enhance convenience. Additionally, through ‘Simple Order,’ the service improves convenience for users who are new to stock investing. This method allows users to easily place buy or sell orders by entering only the quantity or investment amount. It is possible to place purchase orders with less margin than the market price, and the advantage is that the price fluctuation range at execution is small. Also, since users do not have to enter the price directly, orders can be placed faster than limit orders.

The convenience for overseas stock investors was also enhanced. A free overseas stock price service is provided, allowing real-time checking of bid prices, current prices, and execution prices of U.S. stocks, and the ‘Pre-market’ can be used from 6 p.m. until the regular market opens. The investment options are diverse. As of now, users can invest in all listed domestic stocks, ETFs (Exchange-Traded Funds), and ETNs (Exchange-Traded Notes) totaling 3,178 items, as well as all U.S.-listed stocks, ETFs, and ETNs totaling 9,479 items.

Kakao Pay Securities CEO Daehong Kim said, “Kakao Pay Securities started differently from the beginning to make a new stock investment that connects daily life and investing easy and convenient for everyone,” adding, “We will provide a new investment experience through Kakao Pay Securities’ stock service focused on users.”

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