Bunjang Achieves Record First-Quarter Results... Signals Annual Profit Turnaround

Bunjang announced on the 21st that, about a year and six months after introducing its "full-scale safe payment (escrow)" system, the company has achieved all-time highs in both transaction volume and profitability indicators.

In March of this year, Bunjang's safe payment transaction volume reached 91.5 billion won, up approximately 10% year-on-year, marking the highest monthly figure in its history. Notably, payment fee revenue increased by more than 70% compared to the previous year, further improving profitability.

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This outcome is the result of the stabilization of the transaction structure following the full-scale implementation of the safe payment policy in August 2024. In fact, as the system has fundamentally blocked fraud, the average number of fraud cases per day has dropped by over 95% compared to before the introduction.

The pace of improvement in profitability indicators is also remarkable. It is evaluated that the company has entered a trajectory where profits are rising steeply as sales increase. This year, Bunjang's monthly EBITDA (earnings before interest, taxes, depreciation, and amortization) has surpassed the break-even point. It is expected that in the second quarter, the company will achieve a full quarterly profit turnaround.

A Bunjang representative said, "The full-scale adoption of safe payment was a decision that prioritized restoring transaction trust over short-term profits," adding, "The results are now becoming visible in both transaction volume and profitability indicators, and we aim to make 2026 the first year of turning an annual profit."

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