The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Korea to expand visa benefits to accelerate inbound tourism

  • 3

    Israeli TV shows footage of stripped detainees in Gaza

  • 5

    'British Spider-Man' ends 6-month stay in Korea

  • 7

    INTERVIEWEx-NIS chief urges politicians to stop exploiting spy agency

  • 9

    Footballer Hwang's sister-in-law indicted for disclosing his private videos

  • 11

    Hyundai Motor hires former US Ambassador to Korea Sung Kim as adviser

  • 13

    CITYSCAPESDrone pilot explores Korea's hardest-to-reach places

  • 15

    K-pop's appeal reflected in global accolades

  • 17

    US defense policy bill calls for maintaining 28,500 US troops in Korea

  • 19

    LG Energy Solution wins battery module supply deal in Poland

  • 2

    Seoul awards honorary citizenship to outstanding foreign residents

  • 4

    Why Korean shoppers flock to Chinese e-commerce sites

  • 6

    Will Korea avoid hard landing in housing market?

  • 8

    Seoul-Moscow ties likely stuck in limbo amid blame game

  • 10

    'Squid Game' director promises 'deeper story' with new characters, games for Season 2

  • 12

    '12.12: The Day' goes strong at box office, attracts younger generation

  • 14

    Pro-labor 'yellow envelope bill' scrapped in revote after Yoon's veto

  • 16

    Love and hope in Korea

  • 18

    Hanwha signs $2.4 bil. deal to export infantry fighting vehicles to Australia

  • 20

    NK urges people to follow leader Kim Jong-un in climbing Mount Paektu

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Sun, December 10, 2023 | 23:45
Companies
Kakao Pay's inclusion in MSCI index unfeasible
Posted : 2022-07-07 16:52
Updated : 2022-07-07 16:55
Lee Min-hyung
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
                                                                                                 Kakao Pay management and key officials from the Korea Exchange (KRX) and local brokerage industry celebrate the listing of Kakao Pay on the main benchmark KOSPI market at the lobby of the KRX headquarters on Yeouido, Seoul, Nov. 3, 2021. Yonhap
Kakao Pay management and key officials from the Korea Exchange (KRX) and local brokerage industry celebrate the listing of Kakao Pay on the main benchmark KOSPI market at the lobby of the KRX headquarters on Yeouido, Seoul, Nov. 3, 2021. Yonhap

By Lee Min-hyung

Kakao Pay's inclusion in the Morgan Stanley Capital International (MSCI) index looks unfeasible in August, even if the likelihood was raised after Alipay dumped millions of shares in the Korean firm in a recent block deal, analysts said Thursday.

Last month, Alipay Singapore Holding, the second-largest shareholder of Kakao Pay, sold 5 million Kakao Pay shares. This was equivalent to 3.77 percent of the Kakao subsidiary's entire stocks.

This enabled Kakao Pay to meet the standard for its potential inclusion in the MSCI index, as the firm's free float stock ratio topped 15 percent, which is a prerequisite for inclusion on the index.

The results of the MSCI Quarterly Index Review will be announced on Aug. 12.

Earlier hopes were that the Kakao affiliate would be able to join the index. But market analysts said chances appear slim for the company to do so, as Kakao Pay's free float market capitalization still falls far short of the MSCI standard for the time being.

"Kakao Pay's free float market capitalization should exceed 2.3 trillion won for the MSCI inclusion," Yuanta Securities analyst Koh Kyung-beom said. But the figure is around only 1.27 trillion won.

"It is realistically difficult for the company to be able to join the index."

Kakao Pay has been suffering a steep decline in its stock value this year. Its shares were once traded at around 230,000 won last year, but the price tumbled down to around the 60,000 won range after the company was mired in a series of scandals surrounding the management's moral hazard.

The company closed at 67,400 won on Thursday on the Seoul bourse, up 5.15 percent from the previous trading day.
Emailmhlee@koreatimes.co.kr Article ListMore articles by this reporter
 
wooribank
LG group
Top 10 Stories
1'British Spider-Man' ends 6-month stay in Korea 'British Spider-Man' ends 6-month stay in Korea
2Justice minister challenges opposition leader in polls for potential next president Justice minister challenges opposition leader in polls for potential next president
3Kim Bu-gwi, the tallest monk at Hwaeom Temple Kim Bu-gwi, the tallest monk at Hwaeom Temple
4Cadero Grip introduces hybrid golf grip product Cadero Grip introduces hybrid golf grip product
5German scholar lectures on 'Saving Confucius from Confucianism'German scholar lectures on 'Saving Confucius from Confucianism'
6N. Korea's fear of external info grows after Seoul allows sending propaganda leafletsN. Korea's fear of external info grows after Seoul allows sending propaganda leaflets
7Methods to avoid YouTube, Netflix restrictions go viral Methods to avoid YouTube, Netflix restrictions go viral
8Hunting 'crow thief' on Korea's east coast in 1930s Hunting 'crow thief' on Korea's east coast in 1930s
9Skepticism mounts over shareholder activism at Samsung C&TSkepticism mounts over shareholder activism at Samsung C&T
10Anti-dog meat legislation looks doomed as Assembly session ends in vainAnti-dog meat legislation looks doomed as Assembly session ends in vain
Top 5 Entertainment News
1[INTERVIEW] How AmazeVR revolutionizes aespa's LYNK-POP concert INTERVIEWHow AmazeVR revolutionizes aespa's LYNK-POP concert
2'Dune: Part Two': most challenging but proud work, says director Denis Villeneuve 'Dune: Part Two': most challenging but proud work, says director Denis Villeneuve
3Kohei Nawa goes 'cosmic' in his disturbingly mesmerizing world Kohei Nawa goes 'cosmic' in his disturbingly mesmerizing world
4'12.12: The Day' goes strong at box office, attracts younger generation '12.12: The Day' goes strong at box office, attracts younger generation
5K-pop's appeal reflected in global accolades K-pop's appeal reflected in global accolades
DARKROOM
  • It's beginning to look a lot like Christmas

    It's beginning to look a lot like Christmas

  • 2023 Thanksgiving parade in NYC

    2023 Thanksgiving parade in NYC

  • Appreciation of autumn colors

    Appreciation of autumn colors

  • Our children deserve better

    Our children deserve better

  • Israel-Gaza conflict erupts into war

    Israel-Gaza conflict erupts into war

  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher: Oh Young-jin
Digital News Email: webmaster@koreatimes.co.kr
Tel: 02-724-2114
Online newspaper registration No: 서울,아52844
Date of registration: 2020.02.05
Masthead: The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group