NHN KCP's Cumulative Operating Profit Reaches 14 Billion Won in Q3, Up 11% YoY

Revenue for the First Three Quarters Tops 1 Trillion Won, a Record High

Comprehensive payments company NHN KCP posted revenue of 386.7 billion won in the third quarter, up 22% year over year on a consolidated basis, setting a quarterly record. Operating profit fell 11.2% year over year to 14 billion won, but cumulative operating profit rose 10.7% to 43.2 billion won.

A view of NHN KCP's headquarters in Guro-gu, Seoul. NHN KCP

Total transaction volume in the third quarter was 17.349 trillion won, up 31% year over year. Revenue for the first three quarters totaled 1.1149 trillion won, exceeding 1 trillion won for the first time.

Growth in the overseas business was driven by increased vehicle sales transactions at global electric vehicle and imported-car merchants. Transaction volume at overseas merchants rose 75% year over year to a record high, surpassing 10 trillion won on a cumulative basis through the third quarter.

Transaction volume at domestic merchants also increased 20% year over year, supported by growth among existing merchants and the addition of new ones. NHN KCP is expanding its transaction base with merchants in Korea and abroad, leveraging its ability to reliably handle large-scale traffic, its security systems, and its advanced financial network integration services.

NHN KCP is focused on building AI payment infrastructure to prepare for the era of agentic commerce, in which AI agents select products and complete purchases on consumers' behalf. The company is building payment infrastructure based on global AI payment protocols, including AP2, and plans to conduct technical validation in stages to prepare for deployment in real-world payment environments. In July 2026, it joined the Agentic AI Foundation (AAIF), an open standards collaboration organization for agentic AI under the Linux Foundation, and is participating in discussions on global standards.

The company is also advancing next-generation payment infrastructure based on stablecoins. NHN KCP has completed the development of a payment-focused mainnet with global blockchain platform Avalanche and showcased integrated infrastructure enabling stablecoin payments and settlement in about one second at major events, including Stablecoin Demo Day and KBW2026. It also plans to expand payment infrastructure based on deposit tokens in partnership with the banking sector, broadening the foundation of the digital currency payments ecosystem.

In its payments business, NHN KCP is strengthening services tailored to merchants. Following the launch of KCP Biz Partner, an integrated management platform that displays online and offline payment data on a single screen and uses AI analysis to forecast future sales trends, the company is introducing Ttoktti Jangbu, a business management application tailored to small business owners. The application will link sales from card payments, cash receipts, and delivery platforms with expenses recorded in bank accounts and business cards to provide daily profit-and-loss figures and business statistics. It will initially be offered to NHN KCP merchants, with plans to expand access to offline small business owners.

"Transactions at overseas merchants are growing rapidly, and we are continuing to outpace the market in Korea, setting quarterly records for both revenue and transaction volume," said NHN KCP CEO Park Junseok. "Building on the strength of our core business, we will advance our AI agent payment infrastructure and connect it with new payment methods such as stablecoins, establishing ourselves as a leading payments company in the era of agentic commerce and growing together with our merchants."

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