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Finance

KakaoPay Securities CEO says it aims to reach 20 million investors within three years

KakaoPay Securities set a goal of reaching 20 million investors within three years by rolling out an AI investment agent and leveraging Kakao affiliate platforms. It plans to launch a service for U.S. investors to invest in South Korean stocks in the first half of next year and is reviewing 24-hour trading through tokenisation. The company also plans to expand investment banking, focus on venture capital and pursue a stock-gifting programme.

Crypto

Hanwha Investment & Securities increases Dunamu stake to 9.84 percent

Hanwha Investment & Securities said it decided to buy an additional 1,361,050 shares in Dunamu from Kakao Investment for about 597.8 billion won, representing a 3.90 percent stake. After the deal, its holding in Dunamu will rise to 9.84 percent from 5.94 percent. The company said it expects digital asset exchanges to expand beyond brokerage into custody, settlement and institutional services, and plans to strengthen related services and its value chain.

Crypto

Exchanges push to cut fee reliance as digital asset results freeze

South Korean digital asset exchanges are accelerating efforts to diversify revenue as trading values fall and profitability weakens. The five biggest won-market exchanges logged $27.8 billion in trading from May 1 to 17, down from earlier months. Dunamu and Bithumb reported sharp first-quarter declines in revenue and operating profit, with trading fees accounting for nearly all sales. Exchanges are expanding partnerships, overseas ventures and Web3 infrastructure, while facing regulatory uncertainty.