Kakao Pay Securities /Courtesy of Kakao Pay Securities

Kakao Pay Securities announced on the 2nd that the assets deposited in pension savings accounts surpassed 100 billion won in May, just six months after their launch.

Kakao Pay Securities ranked first in the increase of pension savings subscribers in the securities sector from February to April this year. It also recorded the highest number of net new accounts for the year to date.

The company explained that despite being a latecomer to the pension savings market, its user-friendly services based on digital technology have rapidly increased its presence. The simplification of the subscription process and the ability to naturally form investment habits through features such as 'automatic deposits' and 'saving' received positive feedback from users. The average daily number and amount of automatic deposits in pension savings accounts have been increasing every month.

Kakao Pay Securities plans to enhance related features this year to allow users to more intuitively check payment histories and tax credit benefits.

A representative from Kakao Pay Securities said, "Despite being a latecomer in the pension savings market, the continued influx of users across all generations is largely due to a user-centric structure that enables the accumulation of assets without complexity."