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Kakao's fintech subsidiary offering mobile payments, wealth management, loans and insurance brokerage inside the KakaoTalk ecosystem.
Kakao's fintech subsidiary offering mobile payments, wealth management, loans and insurance brokerage inside the KakaoTalk ecosystem.
Takes a small fee on payments made through its app and earns commissions when it routes users to partner banks' loans, investment products and insurance, so payment volume and the financial products sold through the app drive income. Kakao, the parent, is the controlling holder, and China's Ant Group is a major shareholder.
Moat: narrow (network effects, distribution). Embedded inside Korea's dominant KakaoTalk messenger, giving low-cost user acquisition.
Headquarters: Seongnam, South Korea · Founded: 2017 · Employees: 1,282
Size kakaopay (377300.KS) is a South Korea Information Technology company (Miscellaneous Commercial Services) with a market value of $3.22B, the 97th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩32,350 on 6 Nov 2026.
Performance Over six months the shares fell 41.9%, against -42.4% for the median peer and -24.5% for the South Korea market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 32.4% over the last twelve months (peer median +19.7%); the operating margin is 12.4% (peer median 13.4%).
Valuation It trades at 33.9× forward earnings against a peer median of 17.6× (3rd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points below its cost of capital (7.3% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩1.16T | ₩939B | ₩748B | ₩607B | ₩514B |
| Revenue growth | — | +26% | +23% | +18% | — |
| Gross profit | n/a | ₩433B | ₩312B | ₩227B | ₩204B |
| EBITDA | n/a | ₩95.8B | -₩2.79B | -₩12.3B | -₩3.67B |
| Net income | ₩105B | ₩45.2B | -₩13.7B | ₩2.52B | ₩54.0B |
| Free cash flow | n/a | ₩64.0B | -₩198B | -₩37.2B | -₩66.7B |
| Capital expenditure | n/a | ₩21.1B | ₩13.9B | ₩26.5B | ₩48.9B |
| Total debt | n/a | ₩1.82T | ₩1.14T | ₩824B | ₩507B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| kakaopay 377300.KS | $3.22B | -42% | +32% | 12% | 33.9× | 18.9% |
| Naver 035420.KS | $20.3B | -10% | +15% | 17% | 15.5× | -0.6% |
| PayPal PYPL | $49.2B | +31% | +5% | 19% | 10.1× | n/a |
| NHN KCP 060250.KS | $316M | -42% | +21% | 4% | 7.8× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 377300.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.3% | -39.2% | 7th highest of 21 |
| 6-month return | -41.9% | -42.4% | 10th highest of 21 |
| Distance from 52-week high | -59.1% | -57.9% | 10th lowest of 21 |
| Revenue growth (TTM) | +32.4% | +19.7% | 6th highest of 21 |
| Operating margin | 12.4% | 13.4% | 11th highest of 21 |
| Forward P/E | 33.9× | 17.6× | 3rd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 18.9% | 8.4% | 4th most demanding of 15 |
| Growth delivered (Del g) | +26.8% | +12.2% | 2nd highest of 15 |
| Hurdle (Req g minus delivered) | -7.9 pp | -6.4 pp | 6th least demanding of 15 |
| ROIC minus cost of capital | -1.9 pp | +6.9 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| kakaopay 377300.KS | South Korea | $3.22B | -42% | +32% | 12% | 33.9× | 18.9% | +26.8% |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Simmtech 222800.KS | South Korea | $2.69B | +7% | +42% | 9% | 18.7× | n/a | n/a |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% | +11.8% |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| Leeno Industrial 058470.KS | South Korea | $2.60B | -61% | +24% | 49% | 19.4× | 6.3% | +13.1% |
| EO Technics 039030.KS | South Korea | $2.53B | -39% | +26% | 25% | 29.9× | 18.0% | +3.2% |
| Hanwha Solutions 009830.KS | South Korea | $4.30B | -49% | +14% | 0% | 20.1× | n/a | n/a |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% | +8.3% |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| Posco Dx 022100.KS | South Korea | $2.24B | -43% | -15% | 3% | 69.6× | 34.8% | +2.2% |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% | +7.2% |
| HPSP 403870.KS | South Korea | $1.95B | -37% | -20% | 53% | 22.1× | 15.6% | +23.1% |
| Psk 031980.KS | South Korea | $1.89B | -4% | +7% | 36% | 19.2× | 19.3% | +39.2% |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 5% | 35.7× | 27.6% | +22.2% |
| ISC 095340.KS | South Korea | $1.82B | -50% | +61% | 30% | 29.8× | 10.5% | +12.6% |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | n/a | n/a | n/a |
| PearlAbyss 263750.KS | South Korea | $1.47B | -44% | +114% | 40% | 7.1× | n/a | n/a |
| Hanwha Vision 489790.KS | South Korea | $1.41B | -56% | +20% | 11% | 10.4× | n/a | n/a |
| Soulbrain 357780.KS | South Korea | $1.38B | -47% | +21% | 16% | 10.6× | 3.1% | +14.5% |
| NHN 181710.KS | South Korea | $1.34B | +44% | +12% | 6% | 16.3× | -4.4% | +8.9% |