[Market Focus] Hecto Financial Soars 17% on Anticipation of Benefits from Lee Jaemyung's Local Currency Policy

Shares of fintech company Hecto Financial are on the rise. This is interpreted as continued optimism that the company will benefit from the Lee Jaemyung administration's policy to expand local currency programs.

As of 10:08 a.m. on June 16, Hecto Financial shares were trading at 27,500 won, up 17.27% from the previous day. The rise appears to be driven by the administration's push to expand local currency programs, highlighting the company's possession of related payment infrastructure.

According to the Democratic Party of Korea and the Ministry of Economy and Finance, the ruling party, the government, and the presidential office are in the final stages of coordinating a plan to distribute livelihood recovery consumption coupons to all citizens in the form of local currency, with differentiated amounts based on income brackets.

Founded in 2000, Hecto Financial possesses payment solution technology that covers local currency and simple payment services. Its strength in the domestic fintech industry lies in its ability to provide integrated payment methods. Hecto Financial currently offers a variety of customized payment services to client companies, including simple cash payments, credit card payments, and mobile phone payments, according to client needs.