Kakao Pay Securities Sees Significant Improvement in Performance

Kakao Pay Securities has announced a significant improvement in its performance, driven by a strengthening of its fundamentals. The company’s stock balance in the third quarter of this year reached 1.8 trillion won, a 91% increase compared to the same period last year.

The total size of deposited assets also increased by 55% during the same period, reaching 3.2 trillion won. This growth is attributed to the effective influx of new customers through the company’s ‘stock collection’ services.

Stock trading volume recorded 12.5 trillion won, a 29% increase compared to the same period last year. This growth is largely due to a rapid increase of 95% in overseas stock trading value. During the same period, the number of stock transactions tripled to 32 million, an increase of 199%.

Despite this growth, the company recorded an operating loss of 6.2 billion won in the third quarter of this year. However, this is a decrease of about half from 11.6 billion won in the same period last year, due to an increase in commission income resulting from the expansion of transaction amounts.

A manager at Kakao Pay Securities stated, “This month, we are launching a new personal pension savings plan that emphasizes the convenient usability of the platform. We plan to focus on attracting new users and increasing convenience for existing users.”