Samsung Securities Raises Target Stock Price for Kakao Pay and Others, Citing Potential of Korean Won Stablecoin to Drive Benefits for Fintech Companies

BlockBeats News, August 1st, Samsung Securities has designated Kakao Pay and NHN KCP as the preferred targets in the Korean Won Stablecoin sector, and has respectively raised their target stock prices by 23.4% and 24.8%.

Samsung Securities pointed out that if South Korea allows non-bank fintech companies to issue stablecoins in the future, large platforms such as Kakao Pay will have a significant first-mover advantage, and it is optimistic about their potential to generate income through stablecoin circulation. (Fnnews)