Kakao Pay Securities said on the 23rd that its deposits had exceeded 1 trillion won due to the expansion of overseas stock transactions.
Kakao Pay Securities identified key factors driving the increase in deposits as the activation of U.S. stock transactions, interest benefits of up to 5% offered since last year, and the convenient use of its comprehensive account. Currently, Kakao Pay Securities provides a basic annual fee of 2.5% before tax for deposits up to 300,000 won and offers an additional 2.5% fee if users press the "Receive Interest" button on the Kakao Pay app.
Kakao Pay Securities aims to sustain continuous deposit growth next year. To achieve this, it plans to expand its product portfolio and establish a virtuous cycle through an increase in user assets to maintain the trend of growing deposits.
Shin Ho-cheol, CEO of Kakao Pay Securities, noted, "This year, the robust U.S. stock market has strengthened patterns of many users reinvesting their assets, and this experience will serve as a solid foundation for achieving deposit goals next year."