NHN KCP Reports First Quarter Operating Profit of 13.8 Billion Won, Up 26.4% Year-on-Year

Quarterly Transaction Volume Reaches 14.4 Trillion Won
Overseas Merchant Volume Up 68.3%

Comprehensive payment solutions provider NHN KCP announced on the 12th that its consolidated operating profit for the first quarter reached 13.8 billion won, representing a 26.4% increase compared to the same period last year.

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

During the same period, revenue and net profit rose to 344.9 billion won and 16.2 billion won, marking increases of 22.7% and 62.8%, respectively.

The company explained that it continued its robust growth trajectory, driven by an expansion in total transaction volume during the first quarter. The analysis shows that transaction volume increased across the board, leading to higher earnings.

Total transaction volume for the first quarter reached 14.4 trillion won, up approximately 22% year-on-year, maintaining a stable growth trend. In particular, overseas transaction volume, led by global e-commerce and large merchants, reached 2.6 trillion won, an increase of 68.3% compared to the previous year.

By business segment, the online payment division recorded sales of 315 billion won and operating profit of 14.7 billion won, growing 25.2% and 23.5% year-on-year, respectively.

The offline segment is also strengthening its online and offline payment capabilities through infrastructure expansion, with the number of stores using its project business’s cloud POS service 'KCP POS+' surpassing 20,000 locations.

NHN KCP is also accelerating its technical preparations to respond to changes in the payment environment. In April, the company entered into a partnership with Ava Labs, the developer of the Avalanche blockchain platform, to build a payment-specialized mainnet, and signed a business agreement with NH Nonghyup Bank to create a stablecoin payment ecosystem, thereby expanding its infrastructure.

The company stated that it plans to further enhance its technological completeness and establish a stable payment infrastructure in preparation for an environment where stablecoins are adopted as practical payment methods. NHN KCP also plans to expand its business value chain by entering overseas payment markets and growing its prepaid business.

A representative from NHN KCP said, "Increases in payments at major domestic and overseas merchants, the recovery in imported car deliveries, online shopping, and the onboarding of new large merchants such as delivery platforms all had a positive effect on our first quarter results. We will continue to advance our payment infrastructure and maintain stable growth based on our merchant network and cooperation with financial institutions and technology partners."

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