[Market Focus]"Stablecoin Expectations" Propel Kakao Pay Up Over 6%

Kakao Pay is on the rise amid expectations for the institutionalization of stablecoins.

As of 9:20 a.m. on January 26, Kakao Pay was trading at 72,200 won, up 6.49% (4,400 won) from the previous trading day.

Recently, the Democratic Party’s KOSPI 5000 Special Committee reportedly met with President Lee Jaemyung and stated that the growth of the KOSDAQ market requires leveraging digital assets such as token securities (STO) and won-denominated stablecoins.

In a report released on this day, Kiwoom Securities positively assessed that recent discussions between the ruling and opposition parties regarding stablecoins are proceeding flexibly, shifting from a bank-centric approach to a more balanced inclusion of techfin companies and virtual asset exchanges. The report also stated, "In the mid-to-short term, we expect the process of building and enhancing user investment portfolios and returns in real time, through the internalization of investment prediction-based solutions and AI assistants for users who are actively investing."