KakaoPay Securities Celebrates 2nd Anniversary: "Trading and Stock Gifting via KakaoTalk to Launch This Year"

Kim Dae-hong and Lee Seung-hyo Co-CEOs' First Move
Retail 'Expanding Investment Experience in Daily Life', Wholesale 'Strengthening Core Competencies' Two-Track Strategy
Stock Gifting? KakaoTalk Stock Trading Previewed

Kakao Pay Securities held an online "Kakao Pay Securities 2nd Anniversary Press Conference" on the morning of the 5th. The photo shows, from left, Co-CEO Kim Dae-hong and Co-CEO Lee Seung-hyo. Photo by Kakao Pay Securities

[Asia Economy Reporter Myunghwan Lee] KakaoPay Securities, celebrating its 2nd anniversary, announced a two-track fund strategy and plans to advance its Mobile Trading System (MTS).

On the morning of the 5th, KakaoPay Securities held an online 'KakaoPay Securities 2nd Anniversary Press Conference' attended by co-CEOs Daehong Kim and Seunghyo Lee, where they unveiled future business strategies and plans for changes to the MTS.

Retail: 'Expanding Everyday Investment Experiences', Wholesale: 'Strengthening Core Competencies'

Since its launch, KakaoPay Securities has introduced fund services enabling small investments such as 'Coin Collection' and 'Auto Investment.' According to KakaoPay Securities, the fund service has achieved a milestone of 2.03 million users trading a total of 1.0783 trillion KRW in just two years. The number of transactions reached 203 million. It also showed strong performance in the public fund market. According to statistics from the Korea Financial Investment Association as of the end of February, KakaoPay Securities holds 2.21 million individual public fund accounts, accounting for the highest share of 33% across the entire financial sector.

KakaoPay Securities plans to implement a two-track strategy in the fund market. In the retail business, it will propose various methods to expand everyday investment experiences. Simultaneously, in the wholesale business, it aims to enhance profitability by strengthening core competencies in areas such as real estate project financing (PF) and corporate finance (IB).

Co-CEO Daehong Kim of KakaoPay Securities stated, "KakaoPay Securities envisions creating a new investment culture different from the past by connecting daily life and investment based on technology." He added, "While further strengthening the DNA of a tech-fin securities company, we will actively expand the synergy between retail and wholesale to achieve two goals: change and innovation, and increased profitability."

"Stock Gifting in Q2 and Stock Trading via KakaoTalk in the Second Half of the Year"

At the press conference, KakaoPay Securities also announced plans to advance its MTS scheduled for this year.

In the second quarter of this year, KakaoPay Securities plans to launch 'Stock Gifting,' allowing users to gift overseas stocks in desired amounts to KakaoTalk friends. When receiving a stock gift, the corresponding amount will be automatically traded in whole shares or fractional shares and can be immediately viewed under 'My Stocks.' This differs from the existing method where the sender first purchases the stock and then transfers it to the recipient.

In the second half of the year, KakaoTalk will enable not only sharing stock information and checking prices but also simple stock trading. Currently, stock trading is only possible through the KakaoPay app. Various credit trading services such as margin loans, stock collateral, sale proceeds collateral, and lending transactions aimed at users needing additional funds are also being prepared for release in the second half.

The commission-free period will also be extended. The commission-free period, initially scheduled to end this month, will be extended until June 30. Customers will be able to enjoy zero commission fees on domestic and U.S. stock trades and currency exchange fees for about three more months. A promotion offering enjoyable investment experiences through fractional trading of overseas stocks will be unveiled in April.

Co-CEO Seunghyo Lee of KakaoPay Securities said, "The goal of KakaoPay Securities' MTS is to spread a new investment culture connected to everyday life." He added, "We will create an investment culture that benefits everyone, encourages steady investing in small amounts, and can be enjoyed together with family and friends."

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