Kakao Pay and Jeju Air Sign Partnership for Simple Airline Ticket Payment Service

"Long-term Collaboration on Payment System Improvements Also Planned"

Kakao Pay and Jeju Air announced on June 18 that they had signed a simple payment business agreement for air travel at Jeju Air's Seoul office in Gangseo-gu, Seoul.

At the simple payment agreement ceremony for airline tickets held on the 18th at Jeju Air's Seoul office in Gangseo-gu, Seoul, Shin Wongeun, CEO of Kakao Pay (left), and Kim Ibae, CEO of Jeju Air, are taking a commemorative photo. Photo by Kakao Pay

The signing ceremony was attended by key executives from both companies, including Shin Wongeun, CEO of Kakao Pay, and Kim Ibae, CEO of Jeju Air.

The two companies agreed to expand Kakao Pay's mobile simple payment service across Jeju Air's online and offline channels to enhance convenience for purchasing airline tickets.

They also decided to pursue collaborative projects such as data-driven joint marketing in order to broaden the range of benefits throughout the entire travel experience, from booking airline tickets to the journey after arriving at the destination.

Long-term collaborative projects, including joint research and improvements to the payment system, will also be implemented in stages.

CEO Shin stated, "As travel demand is rapidly increasing every year, we expect to further innovate user experience through this strategic alliance with the leading low-cost carrier (LCC) in Korea," adding, "We will continue to discover unique collaborative cases exclusive to both companies, such as differentiated user benefits."