[E-Daily Reporter Kim Hyung-il ] coocon Corporation(294570), a business data platform company, is trading up more than 11% in early trading after posting its highest-ever quarterly revenue for the second quarter of this year and reporting a year-over-year increase in operating profit. The company also outlined plans to expand into new businesses such as artificial intelligence (AI) data, global payments, and stablecoins.

According to MP Doctor on the 21st, as of 9:37 a.m., coocon Corporation is trading at 24,250 won, up 2,450 won (11.24%) from the previous trading day.

On a non-consolidated basis, coocon Corporation reported revenue of 17.96 billion won and operating profit of 4.96 billion won for the second quarter of this year. These figures represent year-over-year increases of 7.3% and 6.3%, respectively, while compared to the previous quarter, revenue rose 12.2% and operating profit increased 10.9%. Second-quarter revenue marked a record high for any quarter.

By business segment, the data division posted revenue of 8.65 billion won and operating profit of 2.72 billion won. The payment division recorded revenue of 9.31 billion won and operating profit of 2.23 billion won. Factors contributing to these results included the expansion of new customers for financial MyData services, the acquisition of new clients from major payment gateway (PG) companies, and an increase in transaction volume.

coocon Corporation plans to expand its AI data business in the second half of the year. In the second quarter, the company launched approximately 30 MCP (Model Context Protocol)-based data application programming interface (API) products and plans to expand this lineup to about 100 in the second half.

In its stablecoin business, SY CO., LTD. has also completed proof-of-concept (PoC) tests for USDC and USDT top-ups, QR payments, ATM withdrawals, and settlements in collaboration with domestic and international digital asset operators. In its global payment business, it has partnered with over 50 global payment partners across 20 countries and plans to expand its merchant network in the second half of the year.

The company is also strengthening shareholder returns. On the 5th, coocon Corporation signed a trust agreement for the repurchase of 5 billion won worth of its own shares and set a target of a shareholder return ratio of at least 30% for this year.