[Alpha Biz= Reporter Kim Minyoung] Kakao Pay Securities reported a 51% increase in revenue for the second quarter compared to the previous year. The company's revenue rose from 19.2 billion won in Q2 of last year to 29.1 billion won this year.
This revenue growth was driven by a significant increase in stock trading volumes. Kakao Pay Securities' stock trading volume for Q2 grew by 74% year-on-year, reaching 12 trillion won. Additionally, the number of stock transactions surged by 175% during the same period.
The company attributed this growth to the reduction in barriers to foreign stock investments, such as fractional trading and stock pooling, which led to a 256% increase in foreign stock transactions. The proportion of stocks in the company's total assets has also risen to 54%.
Looking ahead, Kakao Pay Securities plans to further enhance its revenue by promoting foreign stock trading and diversifying its investment portfolio with funds and pension products to provide a range of investment experiences for customers.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
