Operating profit increased by 72%, and Korea Center, a Korean e-commerce company, grew rapidly

South Korean e-commerce company Korea Center announced its 2020 business annual results on March 2, with consolidated sales of 302.9 billion won and operating profit of 18.5 billion won last year , up 20.4% and 72.0% respectively from the previous year.

Due to the impact of the COVID-19 pandemic , the Korea Center's transaction volume and market-linked transaction volume have exploded, and overseas direct purchases have increased . Massive consumption seasons such as Singles' Day, Black Friday , and Cyber ​​Monday have enabled the Korea Center to achieve the largest sales and operating profit since its establishment . Operating profit before amortization ( EBITDA) reached 31.4 billion won, exceeding 30 billion won for the first time.

Korea Center Sales and Operating Profit (Data from Korea Center)

Last year, the sales of the Makeshop platform, which is responsible for domestic business at the Korea Center, reached 87.9 billion won, an increase of 44.7% over the previous year. Shopping mall transactions and market-related transactions continued to grow to 929.31 billion, a year-on-year increase of 12.4%, and the sales and operating profit of the Makeshop platform advertising business also increased by 205% year-on-year.

The Malltail platform , which is responsible for overseas cross-border business, achieved sales of 182.1 billion won , and the number of direct overseas purchases, including full silk, was 2.38 million, a year-on-year increase of 71%.

Enuri, which handles big data and price comparison business, posted sales of 31.1 billion won, up 21% from last year. Standard product data and product data grew 103% .

The ratio of big data sales to platform sales last year was 37%, consolidating its position as the No. 1 big data sales company. The price comparison sector, which was affected by asymmetric consumption, saw transaction volume reach 1.1482 trillion won .

As a company integrating logistics and online purchases, Korea Center has established a stable and upgraded global logistics technology network over the past 10 years based on 9 logistics centers in 7 countries around the world (the United States, China, Germany, the United Kingdom, Japan, etc.) .

The CEO of the Korea Center said: "As demand from new and existing customers increases due to the activation of the inactive (non-face-to-face) economy, we will do our best to create new synergies by introducing new e-commerce services each year and expand our earnings through business collaboration with global companies and the expansion and development of global logistics centers."

Korea Center

South Korea

Sales