NHN KCP Forecasts KRW 1.1053 Trillion in 2024 Revenue, Joins '1 Trillion Club' for First Time

NHN KCP, Breaks 1 Trillion Won in Sales for the First Time Since its Establishment! In-depth Analysis of its Secrets and Future Strategies In 2023, NHN KCP set an unprecedented record, marking a new milestone in Korea's payment industry. Last year, it achieved 1.1053 trillion won in sales, joining the '1 Trillion Won Sales Club' for the first time since its founding, and drawing significant market attention. This represents a 14% growth year-on-year, and its operating profit for the same period also recorded 43.8 billion won, an increase of 4%. Notably, total transaction volume increased by 13% to 49 trillion won, proving NHN KCP's robust growth trajectory. This remarkable achievement is not simply due to riding the market trend. NHN KCP achieved balanced growth across its entire online and offline payment business despite a challenging environment of domestic economic slowdown and contraction in the e-commerce market. The strategy of focusing on securing new domestic and international merchants and boldly expanding its business portfolio is analyzed to have been effective. As a 'top payment company,' its agile response to market changes and its advanced differentiated technological competitiveness were key drivers of its success. The future outlook is also very bright. NHN KCP anticipates continuous growth, announcing even more aggressive business expansion this year. It plans to diversify new revenue models by entering the prepaid license business, launching a trade payment platform, and making a full-fledged entry into the overseas payment market. Furthermore, it is strengthening cooperation with global partners with whom it has built long-term trust, laying the foundation for market expansion. Not stopping there, NHN KCP is exploring new avenues for co-growth with merchants by introducing a cloud-based smart POS business and a business consulting platform for online and offline merchants. Through these integrated online and offline strategies, NHN KCP plans to expand its performance base into various industrial sectors while actively working to enhance shareholder value. The industry is paying close attention to what changes NHN KCP's innovative steps will bring to the Korean payment market in the future.