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Finance

Coocon posts 4.47 billion won Q1 operating profit, expands stablecoin and AI businesses

Coocon is expanding its business by positioning global payments, stablecoins and AI-based data services as its next growth drivers. First-quarter revenue fell 7.5 percent from a year earlier to 16.01 billion won, while operating profit rose 1.9 percent to 4.47 billion won. The company said it defended profitability through fee-based business expansion and cost efficiency, and plans to strengthen overseas payment links and stablecoin-based payments.

Finance

Hecto Financial wins FSC chairman award at ESG conference, highlighting global payment innovation

Hecto Financial said on May 8 it won the Financial Services Commission chairman\'s award in the ESG finance category at the 20th National Sustainability ESG Conference held a day earlier. The company said it was recognised for contributing to financial innovation through its digital payment and settlement infrastructure and its ability to process large-scale transactions reliably. It provides services including payment gateway, virtual accounts, easy payments, settlement and remittance, and runs a payment and settlement platform linking firms and financial institutions.

Finance

Stablecoin race for control spreads, KOSPI nears 7,000

Competition over global payment infrastructure centered on stablecoins is spreading across the financial industry. Hana Financial Group is moving to cooperate on blockchain-based remittances with Dunamu and POSCO International, while Visa is expanding its stablecoin pilot and adding five more blockchains. U.S. banks are calling for stronger in-house blockchain strategies, and Shinhan Card is expanding a Solana-linked proof-of-concept. Markets also remain strong, with the KOSPI holding above 6,600 and repeatedly hitting record highs.