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Industry

Gmarket GMV returns to growth after four years as investment effects take hold

Gmarket said on Wednesday its gross merchandise value in the first half returned to year-on-year growth for the first time in four years, reflecting the impact of strategic investment. GMV on the Gmarket site, where the company concentrated investment, rose 14 percent. Customer metrics improved, including a 12 percent rise in average monthly spending per customer. The seller base increased 5 percent to 660,000, and cross-border sales more than doubled from the second half of last year.

Industry

Emart Q1 operating profit 178.3 billion won; Traders posts record quarterly sales

Emart said on Tuesday its first-quarter operating profit rose 11.9 percent from a year earlier to 178.3 billion won on consolidated revenue of 7.12 trillion won, its best first-quarter result since 2012. Separate operating profit increased 9.7 percent. Traders led the improvement with record quarterly sales of 1.06 trillion won and higher profit. Emart also reported higher April sales and growth at key subsidiaries.

Games & Commerce

Kurly Q1 operating profit up 1,277 percent, steps up IPO roadmap

Kurly posted record quarterly results in the first quarter, supported by balanced growth across its businesses and logistics upgrades. Revenue rose 28.4 percent from a year earlier to 745.7 billion won. Operating profit surged 1,277 percent to 24.2 billion won, and net profit turned positive at 20.3 billion won. Gross merchandise value increased 29 percent to 1.09 trillion won. Kurly said it will step up its IPO roadmap.