Kakao Pay halted then resumed its easy payment service for Megabox. However, depending on how the Megabox rehabilitation proceedings unfold, there is a possibility it could be suspended again. Companies providing payment gateway (PG·Payment Gateway) services to Megabox are keeping a close watch on 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 day. A Kakao Pay official said, "We temporarily suspended it during discussions with Megabox to protect consumers. The service is now available as normal."
Megabox has applied to the court to commence rehabilitation proceedings and obtained a comprehensive injunction, leaving its debt and asset frozen. If corporate rehabilitation fails and the business withdraws, 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 monitoring the situation, including Megabox's rehabilitation proceedings."
As of the end of last year, Megabox JoongAng's total liabilities stood at 852.2 billion won. Total capital was 38.5 billion won, resulting in a debt ratio of 2,212%.