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outageMedium12/31/2024

Kakao Pay Securities Experiences 11 Service Outages in 2024

Kakao

Rapid expansion of the user base led to a series of technical breakdowns throughout the year.

Kakao Pay Securities saw a sharp increase in electronic financial incidents, recording 11 separate outages in 2024 alone. These breakdowns were largely attributed to the platform’s IT systems failing to keep pace with the rapid surge in transaction volume and the complexity of its new mobile trading services (MTS).

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#fintech#outage#trading#kakao

Last updated: March 7, 2026

Kakao Pay Securities Experiences 11 Service Outages in 2024 - Korea Cyber Monitor