It has been five years since the second article was written.
During that time, the pandemic has swept the world and the travel industry has suffered a very large blow that no one has experienced before.
Monkeytravel also could not avoid this blow.

At that time, we had more than 100 billion won in losses due to the pandemic, but we immediately refunded the cancellation fee of one customer.
Many travel companies or airlines did not refund immediately or delayed refunding, which was compared to many.

However, since there were no new reservations, most of the employees were put on leave or retired, and the company could not grow, let alone survive.
It was a very painful period of more than two years.

Monkeytravel also suffered a huge loss of more than 100 billion won due to the pandemic.

However, the company's savings were not completely dried up during that period.
The company operated by saving the profits generated from the company operation only and not relying on marketing or advertising, and by saving as little as possible, the company had enough cash to cover the losses of the customers.

Even in that investment boom period, it was not a good idea to only save money in the savings account and not invest in stocks, bonds, coins, real estate, etc.

This was the case during the pandemic as well.
The Korean government supported long-term loans or interest-free loans to travel companies during the pandemic, but Monkeytravel did not take any of them.
We were able to maintain the principle of no debt by not borrowing any money.

The paradox is that the pandemic proved how safe and thorough Monkeytravel's financial operation is.

To ensure safety, we only hold all funds in cash in our bank account and do not directly invest in any assets such as stocks, bonds, coins, or real estate.

It was the same during COVID-19. The Korean government provided long-term low-interest loans or interest-free loans to travel agencies during the COVID-19 period We were able to keep the zero debt principle without even receiving it.

Paradoxically, COVID proved how conservative and thoroughly secure Monkey Travel's money operations are.

I'm not saying Monkeytravel is the best, perfect.
But in any case, Monkeytravel is confident that it won't cost customers a penny.

This confidence comes from Monkeytravel's bank account balance, not from a feeling of baselessness.

It's been about a year and a half since the pandemic ended and overseas travel revived in earnest.

With more customers visiting Monkeytravel than before COVID, the company is stronger than ever.
As many customers support us, we will try to develop into a company that is more helpful to you.

Once again, thank you very much to the customers who made this Monkeytravel.