Banseog note · Oct 25, 2026
Daangn (Karrot) — putting money earned from neighborhood ads back into transactions and overseas business
- Where it stands now
- Monetization taking hold — building payment and transaction services and the North American business on the back of profitable domestic advertising
In 2025 consolidated revenue was KRW 270.7 billion (+43%) and operating profit KRW 14.6 billion, the best results to date.
In the first half of 2026 consolidated revenue was KRW 170.3 billion (+39%) and operating profit KRW 20.0 billion (+54%).
The four overseas subsidiaries had 2025 revenue of KRW 1.6 billion and an operating loss of KRW 52.5 billion. Profit from the domestic advertising business is covering overseas investment.
- Three decisions within a year
- Overseas restructuring: the UK service closed in April 2026, and the company is concentrating on North America, including Canada.
- Nationwide expansion of Baro Gumae (instant purchase): the escrow-payment-based 'Baro Gumae' was introduced in September 2025 and extended to nationwide parcel-delivery transactions in 2026.
- Service expansion in the second half: building on Baro Gumae, the company said it would broaden community services such as meetups and part-time jobs in the second half of 2026.
- Three people it will look for
- Payments and transactions product manager — as Baro Gumae extends to nationwide parcel-delivery transactions, someone is needed to design the payment, delivery and dispute-handling flows
- Local advertising business and ad product lead — most revenue comes from advertising, so small-business advertising has to keep growing
- North America growth leader — with investment concentrated in Canada, the company needs someone experienced in local user acquisition and monetization
- For HR
- Payments and transactions product people and advertising talent are sought by large platforms and fintech companies alike. Now, while the nationwide expansion of Baro Gumae and the second-half service expansion are under way, is the right time to hire.
- For job seekers
- Experience building simple-payment, safe-transaction or person-to-person trading flows hands-on, and experience growing app users in overseas markets, are worth the most at this company right now.
A reading written from public sources. Sources: Financial News 2026-03-27 (2025 results), 2026-08-31 (first-half results); Electronic Times 2026-08-31 (second-half plans), 2026-05-08 (UK exit, overseas subsidiary losses); Jeonguk Maeil Sinmun 2026-10-14 (nationwide Baro Gumae expansion). Team size is from Korea's pension register.