| Founded | 2020 |
|---|---|
| Closed | 2023 |
| Country | South Korea |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
| Founder | Shin Won-geun |
Kakao Pay Securities
"Kakao's brokerage arm sank under insider trading scandal and regulatory wrath."
Forced closure by regulatory action
Key Events Timeline
Kakao Pay Securities launched in 2020 riding Kakao's super-app hype but suffered chronic losses totaling KRW 87 billion by 2022.
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