Danal Reports 115.4 Billion Won in First-Half Sales... Expands Core Business with Global Payments and Stablecoin Initiatives

Danal recorded solid sales in the first half of this year, driven by the growth of its payment business focused on large merchants and increased foreign payment demand. Building on the stable profit base of its existing payment business, the company is also accelerating the expansion of new businesses such as global payments and stablecoin initiatives.

On August 14, Danal announced that its consolidated sales for the first half of the year reached 115.4 billion won, with an operating profit of 3 billion won. On a separate basis, sales totaled 92.8 billion won with an operating profit of 6.9 billion won.

During the first half, Danal expanded its payment business centered on large merchants, while increased transaction volumes in retail, culture, and leisure sectors drove sales growth. The company simultaneously invested in new areas such as stablecoins and foreign payment platforms.

Danal is also strengthening its "Payment Hub" business, which connects global payment methods to domestic services. Partnerships with global payment methods—such as Samsung Wallet, WeChat Pay, and PayPal—are expanding, broadening the reach of both online and offline payments.

In particular, the increase in inbound foreign tourists led to a record high for WeChat Pay's offline QR payment transaction amount in the first half of the year. The company also bolstered its strategy to capture the foreign payment market by adding Vietnam’s ZaloPay to its tuition payment services for international students, which already included PayPal and WeChat Pay.

In July, Danal launched "ConDa," a prepaid card exclusively for foreigners, and is expanding services focused on major commercial districts. By offering shopping, delivery, transportation, and ATM cash withdrawals within a single service, the company is broadening its payment platform targeting foreign tourists.

The company is also accelerating its stablecoin and Web3 businesses to secure a lead in the future payments market. Following onboarding with Circle's stablecoin USDC and a contract with Binance Pay in Korea, Danal is pursuing collaborative payment projects with Line Next and Japan's stablecoin JPYC. Technical verification for offline QR payments with Binance Pay is also underway as part of efforts to commercialize real-world payments.

Growth among its affiliates continued. Danal Entertainment achieved a turnaround into profitability in the first half of the year, driven by the success of popular intellectual property content exhibitions. PayProtocol launched its on-chain infrastructure "PayChain," and Bit Corporation opened its first store in Japan, further materializing the group's performance in new business initiatives.

A Danal representative said, "In the first half, we proactively responded to structural changes in the global payment market and achieved a variety of results from new services under development. We aim to further strengthen our key growth drivers to secure a leading position in the future financial market and translate these into substantial profits, thereby increasing our corporate value."

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