Odaily Planet Daily reported that Samsung Securities listed Kakao Pay and NHN KCP as the preferred targets in the Korean won stablecoin sector, and raised their target share 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 such as Kakao Pay will have a significant first-mover advantage and are optimistic about their potential to generate revenue through the circulation of stablecoins. (Fnnews)