[Alpha Biz=(Chicago) Reporter Kim Jisun] Kakao Pay announced on the 25th that it will lend 45 billion won to Kakao Pay Securities. The interest rate is 4.6%, which can be paid in installments within the total limit of 45 billion won by June next year.

This is the first time Kakao Pay has lent funds to Kakao Pay Securities. The industry interpreted the Kakao Pay Securities business as a signal to get it on track. It is observed that most of the operating funds borrowed this time will be used to support fees.

Kakao has recently been developing securities services at the group level. In July, the stock function was linked to KakaoTalk so that stock orders could be made without moving to the Kakao Pay app. In addition, Kakao Pay is seeking to take over management rights by acquiring about 19.9% of the 33.83 million new shares issued by U.S. securities firm Seibert in May.

 

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