[Asia Economy Reporter Minwoo Lee] SettleBank's stock price is on the rise. The news that it supplied a payment platform to Coupang, which is preparing for a Nasdaq listing, appears to have been highlighted.
As of 2:23 PM on the 12th, SettleBank's stock price recorded 34,400 KRW, up 6.34% compared to the previous day. The news that Coupang passed the preliminary review for its Nasdaq listing in the United States seems to have brought attention to their past collaboration history.
SettleBank, established in 2000, is an electronic finance and payment platform service provider. In 2015, it launched the industry's first account-based simple cash payment service, pioneering the cash payment market. It collaborates with a total of 26 financial institutions, including all domestic banks and securities firms. It has supplied payment services and platforms to Coupang, as well as KakaoPay, Naver Financial, eBay, and Baedal Minjok.
Meanwhile, on the 11th (local time), Bloomberg reported that Coupang passed the preliminary review for its Nasdaq listing and could be listed in the second quarter.
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