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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] Seoul, Korea – September 1, 2025 – Kakao Pay Corp. (KRX: 377300) today announced that it has participated in a rights offering for its wholly owned subsidiary, Kakao Pay Insurance, with a capital injection of KRW 100 billion. The board of directors of Kakao Pay approved the transaction earlier today.
Under the rights offering, Kakao Pay subscribed to 20 million new shares at KRW 5,000 per share. As a result, Kakao Pay will maintain its 100% ownership stake in Kakao Pay Insurance following the capital increase.
The capital injection is expected to further strengthen Kakao Pay Insurance’s financial base and support its growth strategy in the digital insurance market.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
