Danal Reports 260.4 Billion KRW in Revenue and 3.6 Billion KRW Net Profit Last Year, Turning Profitable

by Jang Hyowon

Published 28 Feb.2025 09:36(KST)

Danal Reports 260.4 Billion KRW in Revenue and 3.6 Billion KRW Net Profit Last Year, Turning Profitable

Danal, a company specializing in integrated payment business, announced on the 28th that it achieved sales of 260.4 billion KRW last year based on consolidated financial statements and turned a net profit of 3.6 billion KRW.

Last year, sales and operating profit temporarily declined due to consumer recession and unsettled payments from Tmon and Wemakeprice. Net profit successfully turned around after two years thanks to intensive structural improvements, profit-centered business restructuring, and returns from global investments.

Danal plans to significantly expand offline payments by launching a barcode-type mobile phone payment service usable at unmanned stores and kiosks in the first half of this year. In March, it will introduce a new payment solution that simplifies payment integration and maintenance for merchants, and will expand partnerships and increase profits with differentiated services such as offering customized tax cooperation services at discounted rates.

The tuition payment service for foreign students, which leads the domestic market, aims to surpass last year’s performance by adding local payment methods for Vietnamese students this year. This service supports payments via WeChat Pay and PayPal, with transaction volume increasing by more than 50% last year and the number of partner universities exceeding 70.

Additionally, Danal will sequentially launch new businesses such as an all-in-one prepaid card service supporting currency exchange and online/offline payments for foreign tourists and foreigners residing in Korea, a postpaid payment service combined with proprietary credit evaluation, and a white-labeling service for businesses wishing to enter the prepaid business. The recently launched virtual asset-linked payment service with an exchange, the first of its kind in Korea, has secured a patent and is leading the market. Danal plans to expand this into a global service by entering the stablecoin payment market in the future.

A Danal representative stated, “All losses were reflected by the end of Q4 last year, and with the profit-centered business restructuring now complete, gradual normalization of performance is expected with the launch of new businesses. We will actively increase market-leading payment technologies and services, and each affiliate will improve profit models and stabilize new businesses to achieve a new leap forward for the entire group.”