"Overseas Stocks from 1000 Won"... KakaoPay Securities Launches 'Stock Gifting' Service

Send Overseas Stock Gifts from 1,000 KRW to KakaoTalk Friends
Offering a Unique Experience to Gift Stocks in Real-Time
Also Hosting a Free Fractional Stock Encore Event

[Asia Economy Reporter Myunghwan Lee] Kakao Pay Securities announced on the 13th that it has launched the 'Stock Gifting' service, which allows users to gift overseas stocks starting from 1,000 KRW to KakaoTalk friends.

Kakao Pay Securities' 'Stock Gifting' is a new service that combines remittance and order placement to enable gifting overseas stocks at near real-time levels. After sending a stock gift to a KakaoTalk friend in monetary units, once the recipient accepts the gift, the corresponding amount is deposited into the recipient's account and the stock order is automatically placed.

It is explained that Kakao Pay Securities is the only provider offering a service that allows gifting stocks at near real-time levels. By newly implementing stock gifting based on remittance, Kakao Pay Securities has resolved the inconvenience of waiting several days to receive gifted stocks and the burden of having to order on a weekly basis. Existing stock gifting services required purchasing stocks first, then transferring them to acquaintances after the stocks were credited following three business days.

The usage method has also been simplified. Users tap the gift icon located at the bottom right of the 'My Stocks' tab in the stock service, then select the desired stock. Next, they choose the recipient from their KakaoTalk friend list and enter the amount they wish to gift. Similar to general 'gifting,' users can include a message on a card featuring Kakao Friends characters such as 'Congratulations' or 'Cheer Up.' After completing the input and sending the gift, a stock gift notification message is sent to the recipient via KakaoTalk.

When the recipient taps 'Receive Gift' in the KakaoTalk message, an order for the gifted amount of the selected stock is automatically placed. The recipient can change the gifted stock. Even those who are not Kakao Pay Securities users can receive gifts after a simple registration process.

Anyone aged 19 or older with a Kakao Pay Securities account can use the 'Stock Gifting' service. Gifts can be sent from a minimum of 1,000 KRW up to a maximum of 2 million KRW per transaction. The stocks available for gifting are currently selected from 48 major U.S. stocks among 125 overseas stocks that support fractional trading on Kakao Pay Securities, including Apple, Tesla, Alphabet Class A (Google), Berkshire Hathaway, PayPal, and Coca-Cola. The list of stocks available for gifting will gradually expand.

Gifted stocks are valid until 12 PM, seven days after sending. If the gift is not accepted within the period, the amount will be refunded to the sender.

Kakao Pay Securities' Stock Gifting service is available on Kakao Pay app versions 2.9.0 or higher for Android and iOS. Within the KakaoTalk app, users can also tap 'Stock Gifting' under the 'All' tab of Kakao Pay to be redirected directly to the Kakao Pay app.

Since the 3rd, Kakao Pay Securities has also been running a fractional free stock encore event. The participation method is the same as the previous free stock event, but the number of selectable stocks has increased. Among 48 major U.S. stocks, users can pick three stocks they want, and Kakao Pay Securities will provide one of those stocks 100% free. The fractional free stock encore event runs until the 30th.

A Kakao Pay Securities representative said, "We prepared this service differently from the start so that users can easily give and receive stock gifts to KakaoTalk friends whenever they want to express their feelings, just like the everyday experience of 'gifting.' We hope this will establish a new investment culture where users can share 'their own stocks' with family and friends in daily life."