Kakao Pay Reviews Acquisition of Roca Mobility

[Asia Economy Reporter Heo Kyung-jun] MBK Partners, a domestic private equity fund (PEF) management company, announced on the 2nd that Kakao Pay stated, "While it is true that we are reviewing various options, including the acquisition of Roca Mobility, a subsidiary of Lotte Card, there are currently no concrete decisions made."

On the 6th, MBK Partners is scheduled to hold a preliminary bidding for the sale of Roca Mobility. Roca Mobility is the second-largest transportation card operator in Korea and owns the integrated transportation card brand 'Cashbee.'