ZUMinternet (represented by Lee Sung-hyun) disclosed on the 16th that based on K-IFRS consolidated financial statements, it recorded sales of 7.3 billion won and operating profit of 1.3 billion won for the first quarter of 2022. These figures represent an increase of 8.2% and 121.4% respectively compared to the same period last year.

Hwasa's side explained that despite the slowdown in portal business growth due to a decline in PC traffic, the financial business has continued to grow, maintaining steady sales.

ZUMinternet is continuously working to enhance the competitiveness of its core businesses, such as enhancing the portal service of ‘ZUM.com (https://zum.com)’ and diversifying advertisement products. Additionally, they are enhancing their services by providing the investment content platform ‘ZUM Investment (https://invest.zum.com/)’ launched in the second half of last year on the mobile channel (ZUM Mobile app) as well.

In the firmly established dual-portal market, ZUMinternet is rapidly making various attempts to secure a differentiated identity of ZUM.com and plans to transform into a fintech company with the launch of new financial services.

ZUMinternet CEO Lee Sung-hyun said, “We plan to focus on investment where it's needed in order to proactively respond to the rapid changes in the IT environment and the diverse needs of users. By entering the fintech market in earnest and focusing on improving the constitution of the portal ‘ZUM.com’, ZUMinternet will continue to grow in the future,” he said.