Kakao Pay halted and then resumed its easy payment service at Megabox. However, depending on how Megabox's rehabilitation proceedings unfold, there is a possibility it could be suspended again. Companies that provide payment gateway (PG) services to Megabox are closely watching the situation.
According to the financial sector on the 19th, Kakao Pay, which had been removed from Megabox's list of easy payment methods the previous day, returned to the list on the morning of the same day. A Kakao Pay official said, "We temporarily suspended it during discussions with Megabox to protect consumers. The service can now be used as normal."
Megabox has applied to the court to begin rehabilitation proceedings and obtained a comprehensive injunction, leaving its debt and asset frozen. If corporate rehabilitation fails and it exits the business, consumers may be unable to use services they paid for in advance and could face delays in refunds.
To block such possibilities, Toss Pay temporarily restricted new Toss Pay payments within Megabox as of the previous day. A Toss Pay official said, "We plan to review whether to resume when the future settlement structure and customer protection measures are confirmed."
In addition to Kakao Pay, easy payment services currently available at Megabox include Naver Pay and KB Pay. A Naver Pay official said, "We are watching developments such as Megabox's rehabilitation proceedings."
As of the end of last year, Megabox JoongAng's total liabilities stood at 852.2 billion won. Total equity was 38.5 billion won, putting the debt ratio at 2,212%.