Danal's First-Half Operating Profit Up 68% Year-on-Year to 3.4 Billion KRW

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Danal, a company specializing in integrated payment business, announced on August 14 that it recorded consolidated revenue of 113.2 billion KRW and operating profit of 3.4 billion KRW in the first half of this year. On a separate basis, revenue was 99.1 billion KRW and operating profit was 9.7 billion KRW.

Driven by a profitability-focused business strategy in the first half of the year, operating profit increased by approximately 68%, maintaining a solid performance trend. Although the company posted a net loss for the period due to valuation losses on derivatives, it explained that this was an accounting loss resulting from an increase in corporate value following the issuance of convertible bonds (CB) last year, and is unrelated to actual cash outflows. The company added that this will enhance financial soundness upon future conversion to equity.

During the first half, Danal focused on maintaining a stable payment business while laying the foundation for new businesses that will serve as future growth engines. In the second half of the year, the company plans to fully launch its 'All-in-One Prepaid Card for Foreigners' as a first mover in new business, and also actively respond to the rapidly growing stablecoin market and related industries.

The All-in-One Prepaid Card for Foreigners is scheduled for release in the third quarter of this year, targeting approximately 20 million annual inbound foreign visitors and about 2.65 million foreign residents. The card can be easily issued at major commercial districts and universities, and is based on a payment network that can be used anywhere nationwide. Danal's strategy is to actively target the tourism, study abroad, and residency markets.

For the stablecoin payment business, Danal has begun preparing to launch services in partnership with domestic financial institutions and AI and security companies. Danal possesses the only virtual asset real-world payment infrastructure in Korea, as well as AML solutions and blockchain development capabilities. The company is ready to provide services as soon as legal and regulatory frameworks are established. Through this, Danal plans to expand its domestic and international payment networks and rapidly grow its overseas merchant and user base.

A Danal representative stated, "In the first half of this year, transaction volume and coverage for QR payments by foreign tourists and tuition payments by international students increased significantly, and we are actively discussing linking these services with stablecoins." The representative added, "In the second half, in addition to launching new services and collaborating with global partners, we will also pursue merchant contracts with major delivery platforms and e-commerce companies in stages, thereby simultaneously expanding our influence and transaction volume in the payment market."

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