KakaoPay Securities Joins "Finance That Saves Lives" Relay Campaign

Campaign to Prevent Harm from Illegal Private Lending
Names Koscom President Yoon Chang-hyun as Next Participant
Also Nominates Yuanta Securities CEO Luo Zhifeng

KakaoPay Securities said on the 29th that it had joined the "Finance That Saves Lives" relay campaign to help prevent harm from illegal private lending.

The campaign, organized by the Korea Inclusive Finance Agency, aims to protect financially vulnerable groups from illegal private lending and promote the value of inclusive finance, which supports people in making a fresh start through financial services. Since July, financial institutions, public agencies and local governments have been sharing campaign messages on social media and naming the next participants in the relay.

KakaoPay Securities CEO Shin Ho-cheol (center) participated with employees in the "Finance That Saves Lives" relay campaign organized by the Korea Inclusive Finance Agency. KakaoPay Securities

Shin Ho-cheol, CEO of KakaoPay Securities, joined the campaign after being nominated by Lee Seok-ki, CEO of Kyobo Securities. He nominated Yoon Chang-hyun, president of Koscom, and Luo Zhifeng, CEO of Yuanta Securities, as the next participants.

KakaoPay Securities has also worked to prevent financial fraud and promote sound financial practices. It is strengthening its ability to respond to financial fraud, including by enhancing its internal safeguards so users can use its services with confidence.

"The financial sector must work together to protect consumers from the risks of illegal private lending," Shin said. "KakaoPay Securities will also strengthen safeguards across the services users interact with and work to foster a healthy financial culture."

This content was produced with the assistance of AI translation services.