Shinhan Investment "KG Inicis, Target Price Raised to 15,500₩... Stablecoin Expectations"

Shinhan Investment Corp. released a report on the 15th, raising the target price for KG Inicis. The report explained that expectations are high for KG Inicis' role in the distribution and payment sectors amid the push for stablecoin activation.

Hyunwoo Park, a researcher at Shinhan Investment Corp., stated in the report, "The U.S. House of Representatives has designated this week as virtual asset week and plans a final vote on the GENIUS (stablecoin system integration) bill, which is intended to bring stablecoins within the regulatory framework." He added, "This could stimulate profit-taking desires."

However, he continued, "Considering the spread of stablecoin payments focused on U.S. distribution platforms and domestic legislation, the momentum remains valid," and explained, "Since payment infrastructure of Payment Gateway (PG) companies is essential for stablecoin activation, they are expected to serve as a bridge between issuers and consumers."

Park also noted, "Even just news such as trademark registrations frequently leads to sharp price fluctuations in related theme stocks," and advised, "We recommend focusing on PG companies, which directly connect issuers, merchants, and consumers and carry low valuation burdens."

He reiterated the target price of 15,500₩ for KG Inicis.