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Which companies just had a verified incident, who lends to them and who owns them. Every claim carries its evidence level and its source. How we decide what is confirmed

Global Financial Service Disruptions

KakaoPay and KakaoBank (Kakao services)

fintech · KR · East Asia · Kakao Pay Corp.; KakaoBank Corp.

Technical failureStatus: resolvedTier 1Severity 4 of 5Evidence confidence: highAnalyst-verified

A fire at the SK C&C Pangyo data center on 15 October 2022 knocked out Kakao services, including KakaoPay and Kakao-linked KakaoBank transfers. Services were restored by 17 October and the co-CEO resigned.

First disruption
Oct 15 06:30 UTC
First public signal
unknown
Acknowledged
Oct 15
Restored
Oct 17
Duration
not established
DFX first recorded
Nov 5 14:58 UTC

What was restricted

mobile apptransfers outScope: multi institution

KakaoPay and Kakao-linked KakaoBank features (simple transfers, group accounts) down; FSS demanded response reports; KakaoBank said all Kakao-linked services restored on 17 Oct.

Cause, kept in separate layers

What the institution said
Fire at SK C&C Pangyo data center, power cut
DFX classification
Technical failure (cyber: ruled out)

Dependencies

A dependency is a documented relationship. It is not evidence that the provider was compromised.

  • Provider: SK C&C Pangyo data center (hosting), verified

Evidence