Junggonara Hits First Monthly Break-Even Since Founding...Zeroes In on Turning a Profit in Q1

Record-High Safe Payment Transaction Value and Volume in January

Junggonara announced on the 11th that it achieved the monthly break-even point (BEP) based on operating profit for January this year, the first time since its founding.

During the same period, both the transaction amount and the number of transactions made through its Safe Payment service increased by 200% and 270%, respectively, compared to the same month of the previous year, marking all-time highs.

Junggonara cited the successful establishment of its "Safe Guarantee Project," implemented since the second half of last year, as the main driver of this performance. By applying Safe Payment as the default option within its app and website so that users can trade without worrying about fraud, the company not only increased the share of transactions using Safe Payment and thereby boosted fee revenue, but also achieved the effect of preemptively blocking fraud based on advance payment, which has been a chronic problem in secondhand trading.

Junggonara announced on the 11th that, for the first time since its founding, it reached the monthly break-even point (BEP) on an operating profit basis in January this year.

The company has also been pursuing a profitability-focused structural overhaul. Since the beginning of this year, Junggonara has been accelerating cost-efficiency efforts through organizational restructuring and a reorganization of its business structure. Its strategy is to simultaneously enhance transaction activity and stabilize its profit-and-loss structure by reducing fixed costs and improving operating processes.

Going forward, Junggonara plans to expand its service infrastructure with customized logistics services, including large cargo delivery, and dedicated guarantee products, while also advancing its technological protection systems to minimize attempts to bypass Safe Payment. The company aims to establish a safer and more convenient trading environment and thereby solidify a foundation for sustainable growth.

Junggonara CEO Choi Inwook said, "As a result of prioritizing transaction safety and user trust and improving our service structure accordingly, a virtuous cycle in which safety directly leads to growth is taking hold," adding, "We will aim to turn a profit in the first quarter by strengthening operational efficiency and the competitiveness of our platform."

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