[Special Stock] HectoFinancial, a Major Player in Payment Services... "Focus on Electronic Financial Transactions Act Amendment"

Hecto Financial is showing strong performance. It appears that the analysis from securities firms highlighting the need to pay attention due to the enforcement of the amended Electronic Financial Transactions Act has had an impact.

As of 10:31 AM on the 5th, Hecto Financial was trading at 18,140 KRW, up 440 KRW (2.49%) compared to the previous trading day.

NH Investment & Securities presented Hecto Financial as the top preferred stock in the payment industry in its industry report on the same day, citing the T-Mef (Timon·Wemakeprice) incident and the upcoming enforcement of the amended Electronic Financial Transactions Act.

NH Investment & Securities evaluated Hecto Financial as "the business operator that best fits the current situation performing payment and settlement tasks for various payment methods."

Yoon Yudong, a researcher at NH Investment & Securities, said, "The amended Electronic Financial Transactions Act, which strengthens the management and supervision of prepaid businesses, is scheduled to be enforced on September 15," adding, "At this point, it is worth focusing on operators with stability in both payment and settlement areas of PG."

He explained about Hecto Financial, "First, it generates stable payment revenue based on thorough risk management, and second, upside is expected from new businesses such as overseas settlement, prepaid business, and PG agency."

Furthermore, Researcher Yoon explained Hecto Financial's new business, saying, "From the second half of the year, recognition of settlement and prepaid business and PG agency fees targeting overseas PSPs (overseas PG companies) is expected to gradually become visible," adding, "They have secured customers such as well-known platforms Company A, Company T, Company S, and e-commerce Company A, and plan to sequentially open additional clients in the future."