NHN KCP Surpasses 1 Trillion Won in Sales for the First Time Last Year... "10.7 Billion Won Returned to Shareholders"

Operating Profit Reaches 43.8 Billion KRW Last Year
"100 KRW Cash Dividend Per Share"

NHN KCP announced on the 14th that it surpassed 1 trillion KRW in sales for the first time last year. It also stated that it will proceed with shareholder returns amounting to 10.7 billion KRW. The company presented a vision to strengthen growth momentum by accelerating its entry into the overseas payment market and continuing its shareholder return policy.

NHN KCP disclosed that it recorded consolidated sales of 1.1053 trillion KRW and an operating profit of 43.8 billion KRW last year. These figures represent increases of 13.7% and 4.3%, respectively, compared to the previous year.

The transaction volume reached 49 trillion KRW, up 13% year-on-year. The company showed balanced growth in both online and offline payment business sectors.

The company explained, "Although the domestic e-commerce market contracted due to a sluggish domestic economy, we focused on acquiring new domestic and international merchants and expanding our business portfolio, which enabled us to surpass 1 trillion KRW in sales for the first time."

NHN KCP said it will implement shareholder returns worth 10.7 billion KRW. It will pay a cash dividend of 100 KRW per share, totaling 3.9 billion KRW. The dividend will be paid within one month from the next regular shareholders' meeting to shareholders registered in the shareholder registry as of December 31 of last year.

The company will repurchase treasury shares worth 6.8 billion KRW. Starting from today, it will acquire 950,000 treasury shares over three months through on-market direct purchases.

NHN KCP stated that it will realize strategies to increase corporate value, including entering the prepaid license business, launching a trade payment platform, and generating revenue models by actively expanding into the overseas payment market.

It plans to broaden its merchant base by launching new platforms for cloud-based smart POS business and business consulting services targeting both online and offline merchants.

A company representative said, "Surpassing annual sales of 1 trillion KRW is thanks to our swift response to market changes and differentiated technological competitiveness. We will continue to present an integrated online and offline strategy for mutual growth with our merchants and strengthen our shareholder return policy."