Galaxia Moneytree is showing strong performance. The news that Han Dong-hoon, Minister of Justice, emphasized the necessity of establishing the Immigration and Immigration Management Agency (Immigration Agency) appears to have influenced the stock price. It is interpreted that expectations of increased overseas remittances due to immigration activation played a role.
As of 1:53 PM on the 23rd, Galaxia Moneytree was trading at 6,670 KRW, up 430 KRW (6.89%) compared to the previous trading day.
On the 22nd, Minister of Justice Han Dong-hoon emphasized the necessity of establishing the Immigration and Immigration Management Agency (Immigration Agency) during a discussion titled 'Practical Directions and Alternatives for the Crisis of Local Extinction' held at the National Assembly's conference hall, speaking to reporters afterward.
Minister Han stressed, "Preparing for the population crisis is not just an issue for the ruling and opposition parties, or the central and local governments, but a preparation for the future of all of us." He added, "To overcome the current population crisis, accepting foreigners is an unavoidable future," and explained, "The idea is to create an organization that can handle this issue, answer uncomfortable questions, and deal with stress 24 hours a day."
Galaxia Moneytree developed Korea's first mobile phone payment service. Through its integrated electronic payment system 'BillGate,' it provides all payment method modules needed by merchants, including mobile phone and credit card payments and account transfers. It issues and distributes department store gift certificates in mobile form instead of paper. It also offers various types of gift certificates and coupons, such as mobile gift certificates and mobile coupons in PIN number form.
Convenience store payments (payment agency) based on about 50,000 convenience stores nationwide are a unique payment method serviced by Galaxia Moneytree. Payments are available 24 hours a day. As the number of convenience stores nationwide increases, the scope of affiliated merchants is gradually expanding. The company is strengthening its superiority as a unique payment method by expanding affiliated stores for overseas remittance services.
Galaxia Moneytree's platform, 'Moneytree,' is a comprehensive lifestyle financial platform that allows exchanging points, gift certificates, and coupons into 'Moneytree Cash,' enabling easy payments, remittances, and cash withdrawals. In 2020, it grew more than 300% compared to the previous year, and in 2021, it surged approximately 339%. The 'Integrated Point Payment' service based on Moneytree is a specialized service unique to Galaxia Moneytree following Zero Pay composite payments, allowing users to immediately use their accumulated points for payments at affiliated merchants.
On a consolidated basis for the third quarter, it recorded cumulative sales of 97.2 billion KRW, a 19% increase compared to the same period last year. Operating profit and net profit reached 7 billion KRW and 1.7 billion KRW, respectively.
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