Shares in Kakao Pay, the fintech unit of South Korea’s largest messaging app operator Kakao Corp, closed up 114% in its market debut on Wednesday. The Ant Financial-backed company ended day one of trading at $163.30 (193,000 won), securing a market capitalization of $21.2 billion.  Kakao Pay’s shares surged as high as $194.60 (230,000 won) … Continue reading Korean online payment service Kakao Pay surges nearly 114% on the first day of trading