COOCON Reports Q3 Operating Profit of 4.79 Billion Won, Up 6.3% Year-on-Year

Growth Across Both Data and Payment Divisions
Expansion of Stablecoin Business

COOCON announced on November 26 that its consolidated operating profit for the third quarter reached 4.79 billion won, with revenue totaling 17.34 billion won.

Shim Seokmin, Executive Director of the Payment Division at COOCON, is presenting the third-quarter performance and future strategies at the investor relations (IR) meeting held on the 25th. COOCON

Compared to the same period last year, revenue increased by 2.4% and operating profit rose by 6.3%. The company attributes these results to its visible success in shifting to a profit-focused business structure.

COOCON held its regular investor relations (IR) meeting for the third quarter of 2025 the previous day, where it presented its third-quarter performance and fourth-quarter business outlook.

According to COOCON, third-quarter revenue from the data division was 8.56 billion won, showing a slight increase from the previous quarter.

Driven by growing demand for automated non-face-to-face document submission, the adoption of data application programming interfaces (APIs) is on the rise, especially among secondary financial institutions.

In the fourth quarter, the company plans to increase API product sales targeting securities and insurance companies.

COOCON also plans to advance related businesses, such as preparing to be designated as a specialized institution for personal data management in line with the MyData policy being promoted across all industries, including healthcare, telecommunications, and energy.

The payment division recorded third-quarter revenue of 8.78 billion won, up 6.9% from the previous quarter.

This growth was driven by increased transaction volume in existing simple payment and COATM services, as well as the acquisition of major new clients in the electronic financial services sector.

In the fourth quarter, the company plans to accelerate sales of new RegTech-based products, such as anti-money laundering (AML) and electronic Know Your Customer (e-KYC) solutions.

In September, COOCON launched UnionPay, followed by WeChat Pay last month. The company intends to maintain its growth momentum by expanding global partnerships with organizations such as Alipay and Bank Indonesia.

COOCON also unveiled its strategy to expand its global pay distribution network as part of building the next-generation payment ecosystem.

To establish a stablecoin-based simple payment infrastructure, the company has signed memorandums of understanding (MOUs) with major domestic and international blockchain companies, including Solana Foundation, Infinite Block, and Parameta, and is conducting proof-of-concept (PoC) tests for stablecoin payment services.

Shim Seokmin, Executive Director of the Payment Division at COOCON, stated, "In the third quarter, both the data and payment divisions showed solid growth, and profitability improved. In the fourth quarter, we will further strengthen our position as a next-generation global payment platform leader by driving stable growth in our existing businesses, building a stablecoin payment infrastructure, and expanding global pay partnerships as key future growth engines."

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