NHN KCP Achieves Record Second-Quarter Revenue, Operating Profit Reaches 12.4 Billion Won

Record-High Quarterly Transaction Volume

NHN KCP, a comprehensive payment service provider, achieved its highest-ever quarterly revenue, driven by an increase in transactions from large domestic and international merchants.

NHN KCP Building, Guro-gu, Seoul. NHN KCP

On August 12, NHN KCP announced that its consolidated revenue for the second quarter reached 300.7 billion won, with operating profit at 12.4 billion won. These figures represent increases of 9% and 6.2%, respectively, compared to the same period last year. The operating profit marks the highest ever for a second quarter.

Second-quarter revenue surpassed 300 billion won for the first time in any quarter. The total transaction volume reached 12.7 trillion won, up 5% year-on-year and setting a new record. The transaction volume contributed to the increase in revenue.

In the second quarter, the online payment segment posted revenue of 269.5 billion won and operating profit of 12.8 billion won, up 3.5% and 2.1%, respectively, from a year earlier.

For the first half of the year, cumulative revenue was 581.7 billion won, a 6.9% increase from the same period last year. Operating profit for the period was 23.4 billion won, up 2%. The total transaction volume stood at 24.5 trillion won.

An NHN KCP representative stated, "Transaction volumes increased due to growth in sectors such as travel, as well as a rise in deliveries by imported car merchants in the second quarter. We expect the upward trend in transaction volume to continue in the second half of the year, supported by the recovery of offline merchant sales, expansion of new partnerships, and increased year-end consumer spending."