[Market Focus] Bankware Global Surges on Expectations for "Digital Finance Alliance" with Naver and Alibaba Equity Investments

Bankware Global's stock price is showing strong performance. Expectations for a "digital finance alliance" with companies such as China's Alibaba and the United States' Amazon have grown, as the company received an equity investment from Naver, whose target price was recently raised by JP Morgan, and has begun collaboration with them.

As of 11:18 a.m. on June 18, Bankware Global's stock price stood at 7,510 won, up 15.54% from the previous day. This is believed to be due to rising expectations that, through collaboration with shareholder companies such as Naver and Alibaba, Bankware Global will also enter the government's stablecoin business.

Founded in 2010, Bankware Global is a financial solutions provider that has independently developed a "core banking" system to handle key banking operations such as deposits and loans. After building the core banking system for Korea's first internet-only bank, K Bank, the company secured more than 100 financial institutions as clients in seven Asian countries, including Alibaba's MyBank, Taiwan's Line Bank, and Kakao Pay.

The company has also attracted investment from Naver's subsidiary Naver Cloud and Ant Financial, the financial arm of China's Alibaba Group. Naver Cloud is a major shareholder, holding a 2.39% stake in Bankware Global.

There are also heightened expectations related to "stablecoin." In May, Bankware Global registered a patent for a "system and method for profit distribution of security tokens," preparing to enter the security token offering (STO) business ahead of its institutionalization. The company plans to fully enter the related business as soon as the government's stablecoin policy becomes more concrete.