Hecto Financial: "Proactive Response to Stablecoin Business... Establishing a Distribution Structure"

Korea Economic Daily

Summary

Hecto Financial announced its plans to expand business in the global payment and settlement market and to establish a financial network in Asia.
The company explained it is taking a proactive approach to the stablecoin business, working to build a highly reliable service infrastructure and establish a stable distribution structure.
Hecto Financial revealed its strengths in its network with banks and international partnerships, with the aim of growing into a global fintech company.

CEO IR Day Held

KOSDAQ-listed company Hecto Financial announced that it held the 'CEO IR Day' event on the 22nd, inviting key securities analysts to introduce the company's global expansion plans and new business objectives.

At the event, CEO Jongwon Choi of Hecto Financial unveiled overseas business expansion strategies aimed at enhancing the efficiency of the global payment and settlement market, as well as plans to lead the stablecoin payment market.

Hecto Financial plans to offer payment services that improve cross-border financial transaction convenience based on local partnerships. To achieve this, the company is focusing on establishing partnerships and business foundations in Japan and China. As part of this effort, it is expanding its corporate presence in Japan, Taiwan, and Singapore. Going forward, the company aims to secure its position as a 'Pan-Asian Fintech Leader' by building financial networks for payment and settlement across Asia.

The company also revealed its direction for stablecoin-related business, which has recently attracted market attention. As stablecoins are rapidly emerging as a new means of payment in the global market, Hecto Financial intends to proactively build a highly reliable service infrastructure and establish a distribution structure that allows for stable integration across payment and settlement areas.

CEO Jongwon Choi stated, "As the overwhelmingly top domestic company in the cash-based payment and settlement market, our strong bank network will become our most powerful asset when stablecoins are adopted." He continued, "We will transparently disclose progress on our ongoing international partnerships and demonstration business plans to the market in due course."

He emphasized, "This year will mark the first year of our global expansion," and added, "Based on our localization strategy and partnerships, we will become a leader in cross-border payment services across Asia and grow into a global fintech company."

Minkyung Shin, Hankyung.com journalist radio@hankyung.com