Danggeun Market

Danggeun Market operates as a localized online marketplace in South Korea, facilitating peer-to-peer transactions for second-hand goods, real estate, and part-time jobs, fostering community engagement and sustainability. Founded in 2015 and headquartered in Seoul, South Korea, Danggeun Market specializes in facilitating local transactions through its platform. The founders, Changhoon Jung and Gary Kim, have a history of entrepreneurship, with Robert Kim and Youngchul Jung currently leading the company. The firm has attracted significant investment, with the latest being a Secondary Stock Purchase of approximately KRW 20 billion from Forest Partners in November 2025.

Danggeun Market specializes in a localized online marketplace that facilitates second-hand transactions, real estate listings, used car sales, part-time work opportunities, and community engagement services. Its primary offerings include a user-friendly mobile application that allows users to buy and sell items within their neighborhoods, fostering a sense of community and sustainability through recycling. The platform caters to a diverse clientele, including individual consumers seeking to dispose of unwanted items, homeowners listing properties, and job seekers looking for part-time employment. Released initially in South Korea, Danggeun Market has expanded its reach to other global markets, including Canada, the United States, and the United Kingdom, adapting its offerings to meet specific local needs.

Danggeun Market generates revenue through a commission-based model, receiving a percentage of transaction values from sales made on its platform. The company also implements partnerships and advertising arrangements with local businesses to promote their services to a targeted audience. Additionally, premium features or subscriptions for enhanced visibility of listings provide diversified revenue streams. For instance, a seller listing a used car can expect to pay a commission fee upon the successful transaction completion, ensuring income from facilitating sales while promoting local commerce.

Danggeun Market is focusing on introducing new features and expanding its market presence. With the recent investment from Forest Partners, the company plans to enhance its platform and launch additional services aimed at improving user experience. The strategic focus includes entering new markets, specifically targeting growth in North America and Europe, by mid-2026. The funding acquired in November 2025 will support these initiatives, allowing for increased marketing efforts and technology enhancements to facilitate its expansion.