Attendees celebrate the start of trading at the Kakao Pay KOSPI listing ceremony held at the Korea Exchange in Yeouido, Seoul on November 3, last year. /Photo = Yonhap News
As it is known that Kakao Pay Securities’ executives and employees of the corporate sales division have moved out on a large scale, attention is being focused on.
According to the securities industry on the 18th, it is known that there are about 20 analysts and some executives from the corporate sales headquarters of Kakao Pay Securities, which are scheduled to change jobs.
Some believe that Kakao Pay Securities employees will sell our stock stocks with their resignation, earning hundreds of millions to hundreds of millions of won in profits. As Kakao Pay went public, employees of its subsidiary, Kakao Pay Securities, were also assigned Kakao Pay employee stock. When the employee leaves the company, the protection deposit is released so that it can be converted into cash.
There are also opinions in the industry that it is difficult to see this as a job change for the disposal of our employee stock. It is speculated that Kakao Pay’s stock price has fallen significantly from its peak, and that employees may have chosen to change jobs after hearing the news of the reorganization of Kakao Pay Securities.
An official from Kakao Pay Securities said, “Currently, we are in the process of reorganizing the wholesale (corporate sales) business sector to operate more systematically, and we will strengthen our competitiveness through selection and concentration for small and medium-sized securities companies.”
On the other hand, Kakao Pay suffered another blow after not long after being caught up in the management’s ‘eatout’ controversy. Earlier, Kakao Pay caused a controversy by selling stocks received through stock options by eight executives on the 10th of last month, about a month after the company was listed, earning a profit of 87.8 billion won. Ryu Young-jun, who was appointed as the new CEO of Kakao in November of last year, resigned on the 10th as the controversy over the stock sale grew.
Shin Yong-hyun, reporter at Hankyung.com yonghyun@hankyung.com
ⓒ Hankyung.com, unauthorized reprinting and redistribution prohibited
