Mobile payment service provider Kakao Pay is likely to face difficulties in pursuing its initial public offering (IPO) next month as planned.
Kakao Pay has lowered the upper ceiling for its public offering price band by 6.3 percent to 90,000 won ($73).
Three big initial public offerings (IPOs) are happening from the end of this month through the first week of August.
Kakao Pay submitted a securities registration statement to the Financial Supervisory Service Friday.
Samsung Card launched a private label credit card (PLCC) in partnership with Kakao Pay on Monday.
Kakao Pay has applied for preliminary approval for an initial public offering (IPO), the Korea Exchange said Monday.
Kakao Pay and KakaoBank said Wednesday they will be sharing customer data to upgrade their credit scoring systems.
Hanwha Life customers can apply for unsecured loans via messenger app KakaoTalk from now, the company said Monday.
Major tech firms have started to competitively loan money to small business owners who used to be in a conventional finance blind spot.
Kakao’s mobile payment service Kakao Pay is preparing to go public by the first half of next year confirmed the company's spokesperson on Monday.