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Search results for Naver Financial

Crypto

Stablecoin land grab intensifies as banks and fintech form alliances

South Korea\'s finance and fintech sectors are stepping up competition to pre-empt the stablecoin market even as legislation remains stalled in parliament. Banks are moving to secure issuance rights through consortia and technology partners, while fintech firms and exchanges focus on controlling mainnets and payment networks. Global players are also positioning in networks and settlement infrastructure. The article says the battle for won and dollar stablecoin leadership is already under way.

Finance

E-payment fees edge down, but price-cutting rivalry still limited

Payment fees charged by electronic financial service providers in South Korea fell slightly, but competition among operators to cut rates remains limited, a disclosure showed. The average payment fee rate for 18 providers from September to February was 1.98 percent for cards and 1.74 percent for prepaid. Differences were clearer for small merchants, with Kakao Pay applying the lowest card fee rate among three major simple payment firms.

Games & Commerce

Naver, Kakao shares lag despite solid earnings as AI monetisation delays cut valuation expectations

Brokerages forecast record first-quarter results for Naver and Kakao, but their shares keep falling this year. Analysts say weaker visibility on monetising artificial intelligence is lowering valuation expectations. Securities firms have cut target prices for both companies. For Naver, rising infrastructure and promotion costs and delays to a blockchain-related merger are weighing on sentiment. For Kakao, investors are watching the super-app push and proof of AI agent utility.