Korea Joongang Daily
Korea JoongAng Daily

Kakao Pay under investigation for allegedly leaking 54 billion personal data entries to China's Alipay

Police have opened an investigation into Korean mobile payment service Kakao Pay for allegedly allowing 54 billion instances of customers' personal data to be leaked without their consent to Chinese mobile payment service Alipay.

2024-09-05

Kakao Pay leaked personal data to China's Alipay: FSS

An investigation by the Financial Supervisory Service found that Kakao Pay illicitly transferred user data to Alipay for processing as the Korean service sought to be added as a payment method in the Apple App Store.

2024-08-13

Kakao Pay swings to net profit in second quarter

Kakao Pay, the online payment unit of Korean social media giant Kakao, said Tuesday it swung to a net profit in the second quarter from a net loss a year earlier thanks to higher sales.

2024-08-06

Kakao Pay lost money in 2023, but foreign transactions skyrocketed

Kakao Pay reported a net loss of 25.2 billion won in 2023 despite a significant increase in foreign transactions. The company plans to expand its offline payment business this year.

2024-02-06

Kakao Pay's Siebert acquisition falls apart amid scandal backlash

Kakao Pay's bid to acquire Siebert Financial, a New York-based financial company, collapsed due to regulatory concerns linked to an alleged stock manipulation incident during its acquisition of K-pop agency SM Entertainment.

2023-12-20

Kakao Pay reports net loss of 6.2 billion won in Q2

Kakao Pay on Tuesday reported its second-quarter net loss of 6.2 billion won ($4.8 million), remaining in the red compared with a year ago.

2023-08-01

Police raid Kakao Pay in illegal transaction probe

Kakao Pay was raided over allegations that it pocketed multi-hundred million won worth of illegal payments from a value-added network (VAN) company in growing its franchise, according to financial regulators Tuesday.

2023-07-04

Kakao Pay hit with a service outage Monday afternoon

Kakao Pay was hit by a service outage with some users unable to send or receive cash transactions Monday afternoon. The outage began around 12:10 p.m. and lasted until 2:15 p.m., according to Kakao Pay.

2023-05-15

Samsung Pay, Naver Pay linked from Thursday

Samsung Pay and Naver Pay services will be interlinked from Thursday, Samsung Electronics announced Wednesday. The announcement comes a day after Apply Pay began service in Korea.

2023-03-22

Kakao Pay shifts to profit in 2022 on increased financial income

Kakao Pay, the online payment unit of Korean tech company Kakao, said Tuesday it swung to the black last year thanks to increased financial income.

2023-02-07