'Bureung' Mesh Korea, Q2 Sales Approximately 100 Billion KRW... 36% Increase YoY

Active Corporate Client Acquisition · Fulfillment Business Revitalization · Quick Commerce Delivery Enhancement

[Asia Economy Reporter Kim Cheol-hyun] Mesh Korea, operator of 'Boorung,' announced on the 12th that its sales in the second quarter of this year reached approximately 100 billion KRW, marking a 36% increase compared to the previous year.

Mesh Korea explained that the main factors behind this growth were the active acquisition of corporate clients, revitalization of the fulfillment business, and expansion of branches to strengthen quick commerce delivery. The number of Mesh Korea's corporate clients currently stands at 602, about a 55% increase from 388 in June last year, and the monthly logistics volume of the fulfillment business, which started in May last year, has grown approximately 167 times in one year.

The provisional second-quarter sales of about 100 billion KRW, as compiled by Mesh Korea, represent an 8% increase compared to the first quarter sales of 93 billion KRW. Despite the lifting of social distancing measures, Boorung's real-time delivery in the second quarter increased by more than 10% compared to the first quarter, driven by the growth of the quick commerce market and active expansion of delivery branches. Mesh Korea also achieved cumulative sales of about 193 billion KRW in the first half of this year, a 33% increase compared to the first half of last year.

Starting in the second half of the year, Mesh Korea plans to leverage its advantage as a company capable of providing IT-based comprehensive logistics services to fully launch domestic third-party logistics services. Choi Byung-jun, head of Mesh Korea's domestic business division, said, "Mesh Korea established strategies to prepare for the endemic period since the pandemic, making proactive efforts such as providing fulfillment services tailored to corporate clients' needs and integrated IT logistics solutions," adding, "As the peak seasons of summer and winter, when logistics volume surges, approach, sales in the second half of this year are expected to increase significantly."

This content was produced with the assistance of AI translation services.