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Naver headquarters in Seongnam, Gyeonggi, on Nov. 27, 2025.

Naver Pay tops Korean mobile payment market on rewards

Industry data show Naver Pay was Korea’s most-used mobile payment platform, while Kakao Pay led person-to-person transfers.

2026.7.5

Court upholds near-6 billion won penalty on Kakao Pay over user data sent to Alipay

A Seoul court backed a 5.96 billion won sanction after finding Kakao Pay sent about 40 million users' data to Alipay without consent.

2026.6.11

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Naver Pay’s integrated offline payment terminal, N Pay Connect, is displayed at a cashier's desk. [NAVER PAY]

Daily value of online payments grows 9.2% to reach all-time high in 2025

The value of electronic payments in Korea reached an all-time high in 2025, driven by steady growth in online transactions, central bank data showed Friday.

2026.3.20

Kakao Pay turns to profit in Q3 on higher securities trading, offline payment

Kakao Pay, the online payment arm of Kakao, said Tuesday it returned to profit in the third quarter from a year earlier, helped by strong securities trading and offline transactions.

2025.11.4

Kakao's Q2 net profit soars 97% on platform growth, equity gains

Korean tech giant Kakao said Thursday its second-quarter net profit nearly doubled from a year earlier, driven by robust growth in its platform business and increased equity gains.

2025.8.7

Financial watchdog expected to fine Kakao Pay 15 billion won for sharing user data with Alipay

Kakao Pay is expected to face a large fine for sharing the personal data of Korean users with Alipay, according to financial authorities.

2025.4.9

A concept photo depicting a data leak [GETTY IMAGES]

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.

2024.9.5

A website screen capture of Kakao Pay [SCREEN CAPTURE]

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.

2024.8.13

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.

2024.8.6

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.

2024.2.6