Ryu Young-jun, CEO of Kakao Pay, Receives Presidential Citation for Financial Innovation on 'Finance Day'

[Asia Economy Reporter Jin-ho Kim] Ryu Young-jun, CEO of Kakao Pay, received the Presidential Citation in the Financial Innovation category at the '6th Finance Day' hosted by the Financial Services Commission on the 26th.

CEO Ryu was highly praised for leading Kakao's fintech business since 2013, when digital finance was emerging in South Korea, and growing Kakao Pay, the country's first simple payment service, into a lifestyle financial platform used by 36.5 million people.

As the 3rd president of the Korea Fintech Industry Association, he is also dedicated to leading the sound development of South Korea's fintech industry and innovation across the entire financial sector. By gathering opinions from over 330 member companies, he has made significant contributions to proposing the right development direction for the Korean fintech industry and creating a healthy innovative financial ecosystem.

CEO Ryu said, "I understand this award as a recognition to encourage us, as a leading tech-fin company, to focus on proactive technology development and further efforts for the advancement of Korean finance." He added, "We will continue to strive diligently to become a nationwide lifestyle financial platform and explore entry into the global market."