Cuccon shares rose in early trading on April 23 after a brokerage assessment pointed to clearer prospects for new growth drivers.
According to the Korea Exchange, Cuccon was trading at 31,900 won as of 9:45 a.m., up 6.33% from the previous session.
Earlier in the day, NH Investment & Securities said Cuccon’s stablecoin strategy is focused less on issuing coins directly and more on building a “payment infrastructure hub” that links existing financial networks with the blockchain ecosystem. The firm said Cuccon, which has offline QR payments and an ATM cash-withdrawal network, is building partnership models with digital-asset wallet companies, giving it the ability to execute real business models.
NH Investment & Securities added that if stablecoins take hold as an everyday payment method, Cuccon could strengthen its position as an integrated payment platform by adding blockchain payment rails to existing card- and account-based networks. It also said the company is accelerating efforts to secure an early lead in blockchain-based stablecoin payment infrastructure in response to stablecoin legislation expected this year.
The brokerage forecast this year’s revenue at 75 billion won, up 8.1% from a year earlier, and operating profit at 21.4 billion won, up 13.4%. It said the data services segment is expected to benefit as the share of lower-margin SI build projects declines, while higher-value services such as a medical “MyData” business and AI MCP products are expected to be commercialized in the second half of the year.
NH Investment & Securities did not provide a separate investment rating or target price for Cuccon.
* This article has been translated by AI.
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