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Samsung Securities Raises Target Stock Prices for Kakao Pay, Citing Potential of Korean Stablecoin to Benefit Fintech Companies
Summary: Samsung Securities has identified Kakao Pay and NHN KCP as top picks in the Korean stablecoin sector, raising their target stock prices by 23.4% and 24.8% respectively. The firm believes that if South Korea allows non-bank fintech companies to issue stablecoins in the future, major platforms like Kakao Pay will have a significant first-mover advantage ...
Samsung Securities has identified Kakao Pay and NHN KCP as top picks in the Korean stablecoin sector, raising their target stock prices by 23.4% and 24.8% respectively. The firm believes that if South Korea allows non-bank fintech companies to issue stablecoins in the future, major platforms like Kakao Pay will have a significant first-mover advantage and sees potential for generating income through stablecoin circulation. (Fnnews)
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Link: Samsung Securities Raises Target Stock Prices for Kakao Pay, Citing Potential of Korean Stablecoin to Benefit Fintech Companies [Copy]
