Kakao Pay Plans Stablecoin Push With New Information Services and Super Wallet

Kakao Pay plans to add “Information Services” as a new business objective at its upcoming shareholders’ meeting on the 23rd, signaling a formal pivot toward a stablecoin business and the launch of a next-generation digital wallet called the Super Wallet.

The move comes as the government and the ruling party in South Korea prepare to unveil a unified bill on digital assets, focused on stablecoins, in a two-stage legislative process. Kakao Pay is positioning itself to capture early market opportunities in Korea’s evolving digital asset regime.

Historically, Kakao Pay has broadened its mandate by adding new business areas: in 2022, personal credit information management, specialized personal credit assessment, postpaid payments and lending; in 2023, online goods and services marketplace intermediation; and in 2024, location information and location-based services. The latest addition of “other information services” signals preparations for issuing and circulating stablecoins.

Industry observers expect the change to pave the way for Kakao Pay to participate more actively in the issuance and distribution of stablecoins, aligning with regulatory discussions about Korea’s digital asset ecosystem. If enacted, the Digital Asset Basic Act could make Kakao Pay a competitive player in the stablecoin market.

Kakao Pay has also reported solid profitability improvements. In 2023, the company posted an operating profit of 42.7 billion won and net income of 41.0 billion won. Revenue across segments included 518.1 billion won from payment services, 387.9 billion won from financial services, and 52.2 billion won from platform services, underscoring the company’s expanding financial footprint.

Shin Won-geun, Kakao Pay’s chief executive, serves as the head of the Kakao Group’s stablecoin task force, directing the overall strategy for the circulation and settlement of stablecoins. The leadership aims to ensure that the group’s approach to digital assets is coordinated across related Kakao affiliates.

The wallet strategy centers on the Super Wallet as a value-movement hub. Son Kyung-hee, Kakao Pay’s digital asset group head, says the wallet will store and move a broad range of assets beyond cash and crypto, including loyalty points, securities, real assets, and even local currencies. The plan envisions a single execution layer that bridges online and offline payments, as well as cross-border and domestic settlements for individuals and businesses, across local and global markets.

Kakao Pay argues that digital assets are evolving from mere investment tools into essential financial infrastructure enabling stablecoin payments, settlement systems, and cross-border transactions. If Korea’s legislature establishes a credible framework, Kakao Pay says it can contribute to strengthening South Korea’s digital-finance competitiveness while expanding its role in domestic and international payments.

For U.S. readers, the development matters because Korea’s fintech and payments markets often influence regional supply chains, e-commerce, and cross-border transactions. A formal, scalable stablecoin framework and a robust digital wallet ecosystem in Korea could affect international payment flows, regulatory approaches, and competition among global stablecoin providers and fintech platforms that aim to operate in or with Korea. The outcome of Korea’s policy discussions may also shape how U.S. firms collaborate with Korean partners on digital-asset infrastructure and cross-border payments in the Asia-Pacific region.