Hecto Financial Achieves Record First-Half Operating Profit of KRW 13.7 Billion

Hecto Financial set a record for its highest first-half performance this year.

According to Hecto Financial on August 6, its consolidated revenue for the first half of the year reached KRW 107.6 billion, an 18.9% increase compared to the same period last year, while operating profit rose 83.5% to KRW 13.7 billion.

For the second quarter, consolidated revenue was KRW 50.1 billion and operating profit was KRW 4.6 billion, marking increases of 12.6% and 20.2%, respectively. However, as the company temporarily adjusted service operations by supplementing transaction structures for some merchants to ensure a stable market launch of new services, the results declined compared to the previous quarter.

Hecto Financial continues its growth by expanding cross-border settlement sales, supported by the stable development of its payment services and increased global merchant transaction volume. Notably, the company is achieving qualitative, profit-centered growth by expanding its simplified cash payment services—including its proprietary membership-based high-profit offerings such as direct account payments—as well as by increasing global merchant transaction volumes.

Building on this qualitative growth, Hecto Financial is advancing as a global fintech company. The company has already secured the global stablecoin payment network (CPN) in advance as a key partner in the 'Circle' stablecoin ecosystem. In addition, by participating in 'x402 Foundation'—the AI payment standard initiative—and engaging in proof of concept (PoC) projects for AI agent payments, Hecto Financial is proactively seeking to secure AI payment infrastructure and respond to the rapidly changing global financial landscape.

Jongwon Choi, CEO of Hecto Financial, stated, "We are simultaneously strengthening profitability and growth based on the stable expansion of our existing payments business and the cross-border settlement sector. We will proactively respond to the enactment of digital asset laws and changes in the AI market to foster stablecoin and AI agent payment infrastructure as new growth engines and emerge as a global fintech company."

This content was produced with the assistance of AI translation services.