Technology

Korea’s Largest Payments App More Than Doubles in Debut

Korea’s Largest Payments App More Than Doubles in Debut

Kakao Pay Corp., South Korea’s largest mobile payments app, more than doubled in its debut in Seoul, following a rocky path to public markets that was marked by heightened regulatory scrutiny. Shares of Kakao Pay surged more than 150% in early trading on Wednesday after pricing the offering at 90,000 won.

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