Kakao Pay Securities取得投资交易牌照，可扩展IPO承销和产品供给

Kakao Pay Securities has obtained an investment dealing business license, laying the foundation to expand into initial public offering (IPO) underwriting and public offering subscription services.
Kakao Pay Securities said on the 13th that it had acquired an investment dealing (securities) license. Financial authorities approved the company's application to register an additional business unit for its financial investment business on the 1st of this month.
With the license, Kakao Pay Securities can now directly underwrite, trade and sell securities, rather than merely brokering them. Its business scope has broadened from a structure centered on brokerage to a system that enables product underwriting and supply using its own capital.
Kakao Pay Securities views the license as a turning point that connects its retail and investment banking (IB) businesses. The company explained that it can now combine IB functions with the retail user base it has accumulated through its brokerage services.
The area expected to see business expansion first is IPO underwriting and acquisition. As underwriting operations become possible, the legal foundation for public offering subscription services is also in place. Kakao Pay Securities sees public offering subscriptions as a key link connecting new user inflows with its IB and retail businesses.
Its product lineup will also widen. The company can expand user-oriented services such as retail bond trading and fractional trading of domestic and overseas securities. It will also be able to pursue diversification of revenue sources using its own capital, including expanding its sales and trading (S&T) business, participating as a liquidity provider (LP) for exchange-traded funds (ETFs), and diversifying bond management.
"With this investment dealing license, we have laid the groundwork to leap forward into a comprehensive securities firm that directly underwrites and supplies products, beyond brokerage," Kakao Pay Securities CEO Shin Ho-chul said. "We will combine our large-scale retail user base with our IB capabilities to create synergies unique to Kakao Pay Securities."