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Hecto Financial posts 50 billion won revenue for third straight quarter; brokers see AI commerce benefit

Hecto Financial posted quarterly revenue in the 50 billion won range for a third straight quarter, helped by growth in its simple cash payment service, a brokerage report said. Eugene Investment & Securities said the company’s second-quarter results met market expectations and cited potential gains from the commercialisation of stablecoins at home and abroad and the expansion of the AI commerce market. It kept a buy rating but cut its target price.