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Samsung Securities raised the target stock prices for Kakao Pay and others, stating that the potential of the Korean won stablecoin will benefit fintech companies.
According to Mars Finance, on August 1, Samsung Securities listed Kakao Pay and NHN KCP as the preferred targets in the Korean won stablecoin zone, raising their target stock prices by 23.4% and 24.8%, respectively. Samsung Securities pointed out that if South Korea allows non-bank fintech companies to issue stablecoins in the future, large platforms like Kakao Pay will have significant first-mover advantages and are optimistic about their potential to generate revenue through the circulation of stablecoins. (Fnnews)