Naver Pay said on the 11th that it will acquire the unlisted stock transaction platform "Securities Plus Unlisted Co., Ltd."
Naver Pay acquired 70% equity of Securities Plus Unlisted for about 68.6 billion won. Naver Pay and Securities Plus Unlisted plan to lead the institutionalization of the unlisted stock transaction market by proceeding with the licensing process for "over-the-counter transaction brokerage business," which financial authorities plan to introduce.
Since 2020, Securities Plus Unlisted has been designated as an innovative financial service by the Financial Services Commission and has provided its service. Through obtaining the over-the-counter transaction brokerage business license for Securities Plus Unlisted, Naver Pay plans to drive the revitalization of Korea's unlisted stock transaction market and take the lead in enhancing value for market participants and protecting investors.
To this end, it plans to increase information transparency on unlisted companies and establish a virtuous cycle in which startups and small innovative companies participating in the unlisted stock transaction market raise investment funds based on more accurate value judgments.
A Naver Pay official said, "This acquisition is the result of reviewing an expanded role that can create new innovation and user value, in line with the growth of the domestic fintech sector and policy direction."