[Special Stock] Galaxia Money Highlights as Coupang Valued at 50 Trillion Won and Secures Investment Funds...Emerging Beneficiary Stock

[Asia Economy Reporter Yoo Hyun-seok] Galaxia Moneytree is showing strong performance. The increase in Coupang's payment volume is believed to have influenced the stock price with expectations that profits will rise this year. There is also growing anticipation that Galaxia Moneytree will benefit when Coupang secures investment capacity through its listing on the New York Stock Exchange and embarks on aggressive investments.

As of 9:30 AM on the 15th, Galaxia Moneytree was trading at 4,565 KRW, up 4.70% (205 KRW) compared to the previous trading day.

According to major foreign media, there are expectations that Coupang's corporate valuation could exceed 50 trillion KRW. Earlier, Bloomberg estimated Coupang's corporate value at 30 billion USD. Recently, the WSJ reported on Coupang's plan to list on the New York Stock Exchange, projecting a valuation exceeding 50 billion USD (approximately 55.4 trillion KRW).

According to Coupang's IPO filing, total revenue last year was 11.97 billion USD (approximately 13.3 trillion KRW), nearly doubling from 7.1 trillion KRW in 2019. The number of users who used Coupang last year was 14.8 million, an increase of about 26% compared to the previous year. Considering the Korean internet shopping population is 48 million, this accounts for about 30%.

Coupang plans to raise approximately 1 billion USD (about 1.1 trillion KRW) through its listing on the New York Stock Exchange. This will secure funds needed for expanding logistics facilities, new businesses, and overseas expansion.

Choi Seong-hwan, Chief Researcher at Research Alom, stated, "The electronic payment business segment, which accounts for the highest sales proportion, is expected to grow again from the first quarter of this year," adding, "It is positive that Coupang's payment volume is rapidly increasing among Galaxia Moneytree's top 5 electronic payment clients."

Research Alom estimated that Galaxia Moneytree will achieve an operating profit of 10 billion KRW this year, a 33.3% increase from the previous year. Sales are expected to rise 22.0% to 99.1 billion KRW.