Business · Companies · 2 hrs ago
KakaoPay Securities joins campaign against illegal private lending
KakaoPay Securities CEO Shin Ho-cheol joined a campaign against illegal private lending in South Korea.
The campaign is led by the Korea Inclusive Finance Agency and aims to promote financial services that protect people who may be vulnerable to financial harm.
Shin took part after being nominated by the head of Kyobo Securities.
The campaign seeks to protect vulnerable people from illegal lenders, who can expose borrowers to serious risks.
Shin said KakaoPay Securities would strengthen protections across its services and help foster a healthy financial culture.
He named Koscom chief Yoon Chang-hyun and Yuanta Securities CEO Luo Zhi-peng as the next participants in the campaign.
KakaoPay Securities CEO Shin Ho-cheol joined a campaign to prevent harm from illegal private lending.
The campaign is organized by the Korea Inclusive Finance Agency to promote financial inclusion and protect financially vulnerable people.
Shin took part after being nominated by Lee Seok-ki, CEO of Kyobo Securities.
He named Koscom President Yoon Chang-hyun and Yuanta Securities CEO Luo Zhifeng as the next participants.
Shin said KakaoPay Securities would strengthen safeguards across its services and work to promote a healthy financial culture.
- Who
- Shin Ho-cheol, CEO of KakaoPay Securities, joined the campaign.
- What
- He took part in a campaign to prevent harm from illegal private lending.
- When
- October 29, 2026.
- Where
- Not stated.
- Why
- The campaign aims to protect financially vulnerable people from illegal private lending and promote financial inclusion.
This story does not have two clearly opposing sides.
Shin Ho-cheol was nominated to join the campaign by Kyobo Securities CEO Lee Seok-ki.
Shin and KakaoPay Securities employees took part in the campaign.
Shin named Koscom President Yoon Chang-hyun and Yuanta Securities CEO Luo Zhifeng as the next participants.
- Campaign name
- Finance that Saves Lives
- Organizer
- Korea Inclusive Finance Agency
- Participant
- Shin Ho-cheol, KakaoPay Securities CEO
- Previous nominator
- Lee Seok-ki, Kyobo Securities CEO
- Next nominees
- Yoon Chang-hyun and Luo Zhifeng
What people are saying
The financial sector must work together to protect financial consumers from the risks of illegal private lending.
KakaoPay Securities will strengthen safeguards across its services that directly interact with users and work to establish a healthy financial culture.