KakaoBank Reaches 7 Million Securities-Linked Accounts, Expands to 8 Partners by Year-End

KakaoBank has set a new milestone in the financial market through its 'Securities Firm Stock Account Opening Service'. Five years after the service launched, the cumulative number of accounts surpassed 7 million, recording steady growth of over approximately 1 million accounts annually. This service, which began in cooperation with Korea Investment & Securities in 2019, offers exceptional convenience, allowing users to easily open accounts with multiple partner securities firms through a single KakaoBank app. Furthermore, extraordinary benefits such as account opening celebration bonuses and commission-free brokerage transactions have driven the service's popularity. Particularly noteworthy is that those in their 30s and 40s have emerged as the core user base, accounting for 62.4% of all account openings. This is analyzed as a result of the strong interest in investment and wealth management among this age group, combined with KakaoBank's highly accessible service. Not content with this, KakaoBank plans to secure a total of 8 partner securities firms, including Kiwoom Securities, within this year. Customers will be able to easily compare benefits from various securities firms through a single KakaoBank app and open their desired accounts in a one-stop manner, thus broadening their range of choices. Beyond simple account opening, KakaoBank is striving to transform into a veritable 'investment platform'. It is continuously introducing services such as domestic and international stock investment, public offering subscription information, and securities firm IRP benefit comparison, thereby supporting users' investment journeys in various ways. Indeed, the public offering subscription information service launched in July last year attracted 1.2 million users in just nine months, and the special RP product from Korea Investment & Securities unveiled in March this year sold out in a single week. This attests to the high trust and demand for the investment services provided by KakaoBank. A KakaoBank official expressed gratitude for the enthusiastic support from customers, vowing, "We aim to achieve 10 million cumulative account openings, and we will not cease to enhance customer convenience and expand our services as an investment platform." The future investment ecosystem that KakaoBank will open is highly anticipated.