Kakao Pay Securities Decides on 160 Billion KRW Rights Offering

[Asia Economy Reporter Lee Myunghwan] Kakao Pay Securities announced on the 27th that it has decided to conduct a paid-in capital increase worth 157.868 billion KRW for the purpose of securing liquidity.

Kakao Pay Securities stated on the same day that it has decided on a paid-in capital increase by rights offering, issuing 1,877,797 new shares. Through this capital increase, Kakao Pay Securities' equity capital will increase to 318.3 billion KRW.

The parent company, Kakao Pay, also announced on the same day that it will invest approximately 100 billion KRW in Kakao Pay Securities to acquire a total of 1,189,471 shares. After this capital increase, Kakao Pay's shareholding ratio will remain the same at 63.34%.

Meanwhile, Kakao Pay Securities launched its Mobile Trading System (MTS) officially in April and introduced services such as 'Stock Gifting,' which allows users to gift overseas stocks starting from 1,000 KRW to KakaoTalk friends. Recently, Kakao Pay Securities launched a stock margin trading service and plans to advance the MTS to enable simple stock trading directly within KakaoTalk in the future.