NHN KCP Corp. (KOSDAQ:A060250) agreed to acquire an additional 30.18% stake in Korea Credit-Card Electronic-Settlement Service Co., Ltd. for KRW 13.0 billion on October 31, 2024. A cash consideration of KRW 12.98 billion will be paid by NHN KCP Corp. As part of consideration, KRW 12.98 billion is paid towards common equity of Korea Credit-Card Electronic-Settlement Service Co., Ltd. Upon completion, NHN KCP Corp. will own 85.54% stake in Korea Credit-Card Electronic-Settlement Service Co., Ltd.
For the period ending December 31, 2023, Korea Credit-Card Electronic-Settlement Service Co., Ltd. reported total revenue of KRW 61.91 billion and net income of KRW 3.63 billion. As of December 31, 2023, Korea Credit-Card Electronic-Settlement Service Co., Ltd. reported total debt of KRW 12.27 billion, total assets of KRW 42.31 billion and total common equity of KRW 30.04 billion.
The expected completion of the transaction is October 31, 2024.
NHN KCP Corp. (KOSDAQ:A060250) completed the acquisition of an additional 30.18% stake in Korea Credit-Card Electronic-Settlement Service Co., Ltd. on October 31, 2024.
NHN KCP Corp is a Korea-based company primarily engaged in the provision of online payment services. The Company operates its business through three segments. The Online Payment Business segment is engaged in the provision of electronic payment agency services for online shopping malls and credit card transaction data relay services. The Offline Payment Business segment is engaged in offline value-added communication network business and payment terminal product supply business. The Project Business segment is engaged in the sales increasing strategies, human resource management and point of sale (POS) solution provision business.
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