Used-goods platform Bungaejangter said on the 21st that both its transaction amount and profitability metrics hit a record high in March. It comes about a year and six months after introducing the full rollout of "safe payment (escrow)" in Aug. 2024.
Bungaejangter's escrow transaction amount in March 2026 totaled 91.5 billion won. That is about a 10% increase from a year earlier and the largest on a monthly basis. Payment fee revenue also rose more than 70% from a year ago.
The company said this performance was the result of a stabilized transaction structure following the full rollout of safe payment in Aug. 2024. As the system began to block fraud damage, the average daily number of fraud cases fell by more than 95% from before the introduction. With distrust in transactions—long cited as a chronic problem in the used-goods market—easing, this led to an activation of transactions.
Profitability metrics also improved. Bungaejangter said it achieved break-even on a monthly EBITDA basis this year. The company expects that if the current trend continues, it could swing to a quarterly profit in the second quarter.
Bungaejangter said overall transaction amount and profitability are improving together as transactions have increased recently for high-involvement product categories such as branded fashion and IT devices. Based on this, the plan is to strengthen its position as a "tech recommerce" company beyond a simple used-goods platform.
A Bungaejangter official said, "The full rollout of safe payment was a decision that prioritized restoring trust in transactions over short-term revenue," adding, "As a result, it is now becoming visible in both transaction amount and profitability metrics, and we will make 2026 the first year of turning an annual profit."