[Edaily Reporter An Yu-ri ] kakaopay(377300)has acquired all shares of its subsidiary, kakaopay Securities, making it a wholly-owned subsidiary.

According to the Financial Supervisory Service’s electronic disclosure system on the 23rd, kakaopay acquired 2,914,652 shares (27.1%) held by KakaoPay Securities’ second-largest shareholder for approximately 173 billion won.

With this transaction, kakaopay’s stake in KakaoPay Securities has increased from 72.9% to 100%.

kakaopay stated that the reason for this share acquisition was to “improve management efficiency by enhancing the group’s corporate governance structure.” With the company now fully integrated as a subsidiary, faster decision-making is expected in the areas of investment, organizational operations, and the launch of new businesses.

Furthermore, by making kakaopay Securities a wholly-owned subsidiary, kakaopay has proactively resolved the possibility of dual listings.

Kakaopay has been working to simplify its subsidiary governance structure since 2023. Following the conversion of Kakaopay Property & Casualty Insurance in 2023 and Paymint in January of this year into wholly-owned subsidiaries, Kakaopay Securities has now also been converted into a wholly-owned subsidiary.

kakaopay plans to strengthen its integration with Kakao Pay Securities to secure new growth engines.

Meanwhile, kakaopay Securities posted its best-ever quarterly results in the first quarter of this year, with revenue of 100.1 billion won and operating profit of 23.6 billion won. Assets under custody surpassed 20 trillion won last month.