Junggonara's cumulative transaction volume in Q3 surpasses last year's transaction amount

Cumulative Used Goods Transaction Volume Surpasses 3.9 Trillion, Growing 47% Compared to Same Period Last Year

[Asia Economy Reporter Kim Cheolhyun] Junggonara (CEO Lee Seungwoo) announced on the 25th that the cumulative secondhand transaction volume up to the third quarter of this year surpassed 3.9 trillion KRW, a 47% increase compared to the same period last year. This exceeds last year's annual transaction amount of 3.5 trillion KRW.

Junggonara analyzed that the spread of the novel coronavirus infection (COVID-19) influenced the influx of new users and the activation of secondhand goods transactions. From February to June this year, the period when COVID-19 spread, Junggonara saw an increase of 550,000 new members. Analyzing the age groups of these newly added members, it was found that the 40s increased by 49%, the 50s by 47%, and those aged 60 and above by 51%.

With telecommuting and remote classes due to COVID-19, in the first quarter of this year, transactions of children's products, toys, games, plants, and indoor interior items increased by about 20%. Transactions of secondhand camping equipment also rose significantly. The scale of camping equipment transactions within Junggonara, led by the 30s to 50s generation, was about 36 billion KRW in 2019 but already surpassed 28 billion KRW in the first half of this year.

Junggonara is conducting various activities this year aiming to build a safe market. To create a safe secondhand transaction environment within the platform, it has introduced a 100% safe payment system and revised various policies to provide services. Additionally, it plans to strengthen internal investments for safe transactions by the end of the year, including expanding the secondhand transaction monitoring team and developing AI-based safe secondhand transaction monitoring technology.

Lee Seungwoo, CEO of Junggonara, said, "This year was a year in which we could rediscover the socioeconomic value of the secondhand transaction market due to the social environment caused by COVID-19 and the growth of competitors. In the future, the key to the future of secondhand transaction platforms will be creating a safe and fast transaction environment for users." He added, "Junggonara will continue to improve the transaction environment and strive to expand the transaction volume to 5.5 trillion KRW by the end of the year."