[CC may contain inaccuracies] What a debut for you guys. First off I want to talk a bit more about your plans now. How are you going to using the proceeds.
It houses fit into your global expansion plans. First of all thank you for having me. It's a pleasure to be on
Bloomberg life. Obviously like you said he was a very successful IPO. We double in that market cap. And you know with that we
expect to you know raise about one point five trillion three one which is around one point three billion USD. You know we were
the first in the market to offer services like easy pay mobile bill payment and authentication services. And we are a very
innovative company from our DNA perspective. And our strategy I guess is to you know broaden the service offerings and increased
engagement led by cutting edge technology. So having said that we will use our proceeds to expand on our digital payment side
both online offline and also globally. And you know we have to invest in our subsidiaries obviously to
innovate products in our digital finance line of business. For example you know we are launching our emptiest stock brokerage
service potentially later this year and early next year. And for our digital insurance subsidiary we expect to invest some there
obviously to offer a more mobile friendly type of insurance so that our insurance products to our customers and
associates. I kid you. You were looking to raise money to do some MBA as well. Was. And look partnerships or joint ventures
that you're thinking about. Is it more on the fintech space and how you look at it geographically.
Yes obviously you know we need to grow and not just locally here in Korea but from a global perspective. So we're looking at
potential lemonades or joint ventures or partnerships or equity investments into those high tech companies who can actually
support us from a global perspective. You know obviously we've been getting a lot of love calls from a
lot of companies in Southeast Asia. Obviously you can't specify Nancy not just yet. But yeah we have been getting a lot of love
for us and we are looking at how we can further grow our overall business in the not just domestically but from a global
perspective. Yes. Did you. Do you have a USP is there a unique selling point.
Yes I mean obviously you know how pay being part of the CAC top platform. You know we already widely prevalent in our users
lives especially the Korean population you know when they you know ride the taxi or listen to music or sending gifts or the
payments are done through the kind of pay and you know services provides basically all these function with the convenience and
the user's fingertips. So this is one of the reasons why we stand out from the crowd compared to other fintech folks. Did
you want to just get a sense of what you really making of this tech crackdown in Korea and whether you see that as actually
having ended. Yes very good question. Very good question. I mean let me speak
about the overall policy direction of the career of Korea. The Korean financial authorities they actually in fact officially
announced that their long term strategy of continuing to cross the fintech group has not changed and recently strengthened
regulations which you know act on the protection of financial consumers. So it was based on the consumer protection is aimed
at emphasizing and obviously the principle of consumer protection in the long run. So you know what it means is that we
before out the fintech players like us help pay grows more significantly. The government wants to make sure that we have
all the right systems and consumer protection guidelines in place. Right. And obviously you know we already have that right.
So going forward we will continue to make various attempts to increase consumer benefits with innovative services while taking
the lead in protecting the financial consumers in line with the authorities policy courage. You're right. Maybe go a little bit
more specific. I have a quote from one of the regulators who we spoke to
recently from the FTSE chairperson. And this is what she said as platform companies grow big. Some of them become gatekeeping
monopolies exploit that power exerting a dual position as a judge and a player in the market.
The balance of power has broken your business model. Q Joo has been mostly on the brokerage services also. You're playing to as
you talked about expanding into the fintech or the financial businesses like insurance as well. Walk us specifically what are
you doing to address those concerns that they're saying that you are a gatekeeping monopoly right now.
I think you know that statement. I don't know. To me is overstated. But I think basically what the government is saying
that is before we get to that stage right from a CAC pace perspective specifically we have been always from the very
beginning getting the licenses receiving the license that is required to perform a financial business. So for example we have
already had the license for investment securities license. We already received the license breached its license for our loan
services. And you know going forward you know we had to put the preliminary license for insurance and we hope to get the
official license by end of this year or early next year. So we are taking the correct steps to build our business based on the
specific guidelines from the financial regulatory perspective. So I don't think you know we have an issue there at all. How
does it change the business model. Thank you. Is it going to impact the company's future growth. Can you still continue to
make money. No not at all. Basically the only change that we made due to the recently announced policy was that we needed to
make sure that our consumers and our users understand who is brokering or who is selling our products. For example for
insurance we made sure that you know it was very clear that it was our subsidiary copay insurance. So this is selling those
products and foil investment products. We said we made clearly that CAC Pay Securities subsidiary who is selling this product.
So no change to our fundamentals and no change to our business level. Right. Well did you.
What about your view of crypto currencies bitcoin and the like and how will they fit into your business in the future.
That's a very interesting area even for us. Being part of a fintech company we've already been very studying deeply into the
fintech to the cryptocurrency business. But there are many factors that we need to consider.
For example you know the mystic regulatory environment which we've been talking quite a lot about.
So from a campaign perspective we actually highly value our block chain as a technology. And you know we actually started
our Indian block chain since 2016 and in 2017 we officially launched a commercial business which is our authentication
services based on block chain. It was actually based on bitcoin. Right. So we've been you know not just tinkering with it or
starting with it but we've been actually commercially rolled out. So obviously you know as you know the bitcoin price has
skyrocketed. So you can't use Bitcoin anymore. So we're using clay at the moment. On run this business. But you know to go
global I think you know obviously I think you had a question on the global side of the business. We think you know this block
chain technology can be the medium for cross-border service. That's right. So you said. Yes. You talked a bit about your
mobile trading system that you're going to be launching early next year. First. Can you tell us a little more about targets
that you have for users when it comes to sales targets right now. And what are some the major challenges that you have to
overcome before you launch this. Well you know with our securities subsidiary we already have
more than six million users already on board with a securities account. So we think we have already a very sound base there.
But you know obviously you know our aim is to make sure that the emptiest service when he does come out it is very user friendly
and it can be very easy to use for those users who have never experienced stockbrokers before.
So I think from our perspective you know we are looking at changing the way though. Are you basically changing in our users
lives and the experiences through the campaign as a financial service for.