Kakao Pay Securities said on April 23 that its client deposit assets topped 15 trillion won as of April 17, up 31.2% from the start of the year.
The company cited strong inflows. Net inflows in the first quarter totaled 3.668 trillion won. Growth was led by Korean stocks: related assets rose 94% to 6.5323 trillion won from the point when they first exceeded 10 trillion won. The share of Korean stocks in total deposits increased to 44.2% as of April from 33.6% over the same period.
Tax-advantaged accounts also helped lift deposits. Pension savings assets rose 58% from January, and assets in individual savings accounts, or ISAs, launched in November last year, grew about fourfold over the same period. The combined share of pension savings and ISAs in total deposits increased to 7.6% from 5.5%.
The user base also expanded. Monthly active users rose to 4.02 million in March from 3.65 million in January.
Kakao Pay Securities said it plans to upgrade its portfolio so users can meet a range of investment needs on one platform, including pension savings, ISAs and RIA accounts, which it described as accounts for returning to the domestic market.
CEO Shin Ho-cheol said the company aims to reach 20 trillion won in client deposit assets within this year, adding it will continue to strengthen investment experiences and product competitiveness tailored to users’ asset-building stages.
* This article has been translated by AI.
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