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Samsung Securities is optimistic about the prospects of the Korean won stablecoin and has raised the target prices for Kakao Pay and NHN KCP.
On August 1, Samsung Securities listed Kakao Pay and NHN KCP as 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 a significant first-mover advantage and are optimistic about their potential to generate revenue through the circulation of stablecoins.