Kakao Pay Archives | Be Korea-savvy
Kakao Pay Faces Double Blow from Worsening Profitability and Apple Pay

Kakao Pay Faces Double Blow from Worsening Profitability and Apple Pay

SEOUL, Feb. 14 (Korea Bizwire) — Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., is expected to see its earnings and share price decline due to Apple Pay’s debut in the country. DB Financial Investment last week downgraded shares of Kakao Pay from “buy” rating to “hold.” Considering that [...]

Kakao Pay Employees Frustrated over Plunging Share Price

Kakao Pay Employees Frustrated over Plunging Share Price

SEOUL, June 10 (Korea Bizwire) — Shares of South Korean mobile payment service Kakao Pay Corp. have plunged following the stock sales through block deal by Alipay Singapore Holdings Pte, which is the company’s second-largest shareholder. Kakao Pay employees owning company stock, in turn, are seeing significant losses. On Wednesday, Kakao Pay shed 15.19 percent to [...]

Kakao Pay Applies for Preliminary Approval for Digital Non-life Insurance Business

Kakao Pay Applies for Preliminary Approval for Digital Non-life Insurance Business

SEOUL, Jan. 5 (Korea Bizwire) — Kakao Pay Corp., South Korea’s No. 1 mobile payment service provider, said Monday that it took its first step into the insurance market by applying for preliminary approval for a digital non-life insurance service. Kakao Pay aims to obtain final approval and launch the digital non-life insurance business by [...]

Kakao Pay Moves to Rapidly Compensate Victims of Identity Theft

Kakao Pay Moves to Rapidly Compensate Victims of Identity Theft

SEOUL, July 6 (Korea Bizwire) – Kakao Pay, a mobile payment platform operated by South Korean IT behemoth Kakao Corp., will be introducing a more customer-friendly policy in the event of identity theft, which is on the rise as consumer payment patterns shift online. According to sources knowledgeable with the company, Kakao Pay will offer [...]