Hecto Financial Holds CEO IR Day... "Proactive Response to Stablecoins"

On July 22, Hecto Financial announced that it held a 'CEO IR Day' event, inviting leading securities firm analysts to introduce the company's global expansion plans and vision for new business initiatives. During the event, the company unveiled its strategy for entering the global fintech market and outlined its business direction regarding stablecoins.

At the event, Hecto Financial CEO Choi Jongwon presented strategies for expanding overseas operations to enhance the efficiency of the global payments and settlement market, as well as plans to secure a leading position in the stablecoin payment market.

Hecto Financial plans to offer payment services that improve cross-border financial transaction convenience based on local partnerships, with a particular focus on establishing partnerships and business foundations in Japan and China.

The company is currently expanding its corporate presence in Japan, Taiwan, and Singapore, and aims to build a financial network for payments and settlements across Asia. Hecto Financial presented its vision to become a pan-Asian fintech leader and, ultimately, a global fintech leader.

In addition, the company disclosed its business direction regarding stablecoins, which have recently attracted significant market attention. Hecto Financial plans to proactively respond to the rapid adoption of stablecoins as a new means of payment in the global market by building a highly reliable service infrastructure and establishing a distribution structure that can be stably integrated into the entire payments and settlement process.

Choi Jongwon stated, "As the dominant domestic leader in the cash-based payments and settlement market, our strong network with banks will become our most powerful asset when stablecoins are activated. We will also transparently disclose the progress of our ongoing overseas partnerships and pilot projects to the market in due course."

Regarding the company's vision, he added, "2025 will be the inaugural year of our global expansion. Based on localization strategies and partnerships, we will emerge as the leader in cross-border commerce payment services in Asia and continue to grow as a global fintech company."

Additionally, during the event, the company explained the background of its recently announced stock dividend decision as 'creating a favorable environment for attracting institutional investors by expanding capital and liquidity.' The company also stated that the cancellation of approximately KRW 3.6 billion worth of treasury shares will further enhance shareholder value. The record date for the new share allocation is July 25, and with the issuance of 0.5 new shares per existing share, the total number of issued shares will increase to 13.97 million.