Joonggonara secures additional investment... "Positive outlook for future growth potential"

[Financial News] Secondhand trading platform Joonggonara announced on the 17th that it has secured additional investment from its largest existing investor, Eugene Asset Management. The amount of the investment was not disclosed.
The company explained that this is a follow-up investment after Eugene Asset Management acquired Joonggonara in 2021, reflecting a positive assessment of Joonggonara’s recent business performance and its future growth potential.
Joonggonara said it laid the groundwork for this round of funding by completely overhauling its transaction structure through the Safe Guarantee Project, which has been underway since last year. By applying its Safe Payment Service as the default option and implementing an app-centered safe transition policy to create a more secure trading environment, the platform rapidly expanded its user base, which in turn boosted platform activity and improved profitability.
According to Joonggonara, the Joonggonara app’s average monthly active users (MAU) in the fourth quarter of last year increased by about 1.5 times compared with the same period a year earlier, while payment fee revenue surged roughly 3.1 times over the same period. Backed by this growth, Joonggonara reached its monthly break-even point (BEP) based on operating profit for two consecutive months in January and February this year, solidifying a clear shift to profitability.
With the new investment, Joonggonara plans to accelerate efforts to strengthen its technology and security capabilities, improve operational efficiency, and further advance its services.
Choi Inwook, CEO of Joonggonara, said, "This investment is highly meaningful in that it once again validates Joonggonara’s business strategy and growth potential," adding, "Now that we have secured additional growth momentum, we will focus even more on enhancing our platform’s competitiveness so that Joonggonara can firmly establish itself as the standard in the secondhand trading market."


wongood@fnnews.com Joo Won-gyu Reporter