Mars Financial News, on August 1st, Samsung Securities listed Kakao Pay and NHN KCP as top picks in the Korean won stablecoin sector, raising their target stock prices by 23.4% and 24.8% respectively. Samsung Securities noted that if South Korea allows non-bank financial technology 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 stablecoin circulation. (Fnnews)
Samsung Securities raised its target share price for Kakao Pay and other companies, saying the potential of the Korean won stablecoin will benefit fintech companies.
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