Kakao Pay Securities recorded its first quarterly profit since its launch in the fourth quarter of last year, as revenue increased due to a rise in stock trading.
Kakao Pay noted that its subsidiary Kakao Pay Securities recorded a profit of 700 million won in the fourth quarter of last year. This marks the first time it achieved a quarterly profit since its establishment in 2020.
In the fourth quarter of last year, Kakao Pay Securities' stock transaction volume was recorded at 17.3 trillion won, an 81% increase compared to the previous year. This is the highest ever.
The number of stock transactions also increased by 330% compared to the same period last year, totaling 54 million transactions. As of the end of December last year, the stock balance exceeded 2.3 trillion won, a figure that shows a 120% increase from the end of 2023. The total entrusted asset size recorded 3.9 trillion won, a 73% increase during the same period.
A representative from Kakao Pay said, "The expansion of stock trading has significantly increased revenue."