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Kakao Pay fell more than 14 percent intraday on Friday. After the market opened Friday, Kakao Pay traded at 40,100 won ($28.4) at the lowest point, recording a 52-week low.
Citibank Korea is winding down consumer operations in Korea after failing to find a buyer for the business.
A number of companies are interested in acquiring the consumer banking business of Citibank Korea -- but not all of its employees.
Citibank Korea is pulling out of retail banking in Korea.
Citigroup may be exiting retail banking in Korea.
Korea JoongAng Daily Sitemap