[Special Stock] KakaoPay Soars on Yoon President Impeachment Possibility
by Hwang Yoonju
Published 06 Dec.2024 11:22(KST)
Updated 07 Dec.2024 12:53(KST)
![[Special Stock] KakaoPay Soars on Yoon President Impeachment Possibility](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
Kakao Pay is surging more than 7% on the 6th. This is interpreted as investment sentiment pouring in amid growing possibilities of President Yoon Seok-yeol's impeachment.
At 11:17 a.m., Kakao Pay was trading at 30,650 KRW, up 7.17% (2,050 KRW) from the previous day.
The Kakao Group has had conflicts with the Yoon administration. As the possibility of impeachment increases, buying pressure is interpreted to be gathering on the stocks of group affiliates such as Kakao Pay.
On the same day, the prosecution formed a special investigation headquarters to investigate the 'martial law' situation. The head of the headquarters is Park Se-hyun, the Seoul High Prosecutor General. The National Police Agency's National Investigation Headquarters Security Investigation Division also announced that it has formed a dedicated investigation team of about 120 members related to the martial law situation.
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