NHN Commerce Corp.

NHN Commerce Corp. , based in South Korea, offers a robust platform for e-commerce solutions, allowing businesses to effectively manage and enhance their online retail operations. Founded in 2003 and headquartered in Seoul, South Korea, NHN Commerce Corp. delivers e-commerce solutions tailored for online businesses.

The company has participated in 3 deals, with its most recent funding round occurring on June 9, 2023, raising KRW 60 billion. This funding round involved investors NHN Corp. and Standus, with a total amount raised of KRW 60 billion, which aligns with its current valuation of KRW 560 billion. The CEO of the company is Jong-seung Kim.

NHN Commerce specializes in providing comprehensive e-commerce solutions that enable businesses to create and manage online shopping platforms. Its core offerings include the GoDmall Basic and Pro, which feature payment processing, inventory management, and customizable database solutions. Targeting small to medium-sized enterprises (SMEs) and larger corporations across markets such as South Korea, Japan, and Southeast Asia, NHN Commerce offers both free and subscription-based models to accommodate various user needs. In the most recent fiscal year 2024, NHN Commerce reported a revenue of KRW 19,889,848.

2 and an EBITDA of KRW 184,483. 3. Revenue primarily stems from subscription fees for its e-commerce platforms and transaction fees from merchants. The company employs a tiered pricing model, offering a basic version at no monthly fee and premium features under the Pro plan priced at approximately 33,000 KRW per month.

In June 2023, NHN Commerce raised KRW 60 billion in venture funding to support its strategy for global expansion. The company plans to leverage this funding to enhance its presence in international markets while developing new product offerings aimed at expanding its e-commerce solutions. Specific target markets for expansion have not been disclosed, but the funding will help facilitate the company's growth initiatives.