NHN KCP posted record-high third-quarter sales and transaction value this year, helped by expanded transactions from overseas merchants. Overseas transaction value rose 75 percent from a year earlier, and cumulative third-quarter sales topped 1 trillion won for the first time.
NHN KCP said in a regulatory filing on Nov. 10 that third-quarter consolidated revenue rose 22 percent from a year earlier to 386.7 billion won. Operating profit was 14.0 billion won over the period.
Total transaction value in the third quarter rose 31 percent from a year earlier to 17.35 trillion won, setting a quarterly record. Cumulative revenue through the third quarter came to 1.11 trillion won, and operating profit was 43.2 billion won. Cumulative operating profit rose 11 percent from a year earlier.
Overseas merchant transaction value rose 75 percent from a year earlier, helped by increased vehicle sales transactions at global electric vehicle and imported car merchants. Cumulative overseas transaction value through the third quarter topped 10 trillion won. Domestic merchant transaction value also increased 20 percent on growth at existing merchants and the inflow of new merchants.
NHN KCP is pushing to build next-generation payment infrastructure to respond to the market for "agentic commerce", where AI agents handle everything from product selection to payment.
In stablecoin payments, it completed building a payment-focused mainnet with the global blockchain platform Avalanche. It also plans to expand services for merchants and will newly introduce the small business app "Ddoktti Ledger".
NHN KCP CEO Jun-seok Park (박준석) said, "As overseas merchant transactions increased and growth continued in the domestic market, we once again set new quarterly records for sales and transaction value." He added, "We will advance payment infrastructure for AI agents and link it with new payment methods such as stablecoins."
