[Asia Economy Reporter Hyunseok Yoo] RSUPPORT is showing strong performance. It appears that President Moon Jae-in's order to "actively foster digital-based non-face-to-face industries such as non-face-to-face transactions, non-face-to-face medical services, telecommuting, remote education, and delivery distribution" has influenced the stock price.
As of 11:15 AM on the 14th, RSUPPORT was trading at 5,060 KRW, up 1.61% (80 KRW) compared to the previous trading day.
At the Cabinet meeting that day, President Moon said regarding the novel coronavirus infection (COVID-19), "Economically, we are entering the stage where the full-scale crisis begins," and added, "To respond to the unprecedented shocks coming from all directions including the real economy and financial markets, production and consumption, domestic and overseas, stronger determination and policy decisions are necessary."
He continued, "We must actively foster digital-based non-face-to-face industries such as rapidly emerging non-face-to-face transactions of goods and services, non-face-to-face medical services, telecommuting, remote education, and delivery distribution."
RSUPPORT announced that due to telecommuting initiated by Korea and Japan in response to COVID-19, the usage of video conferencing RemoteMeeting in Korea increased up to 34 times, and remote control RemoteView in Japan increased about 50 times.
RSUPPORT started a campaign to provide telecommuting solutions for free in Korea from January 28, and began the same campaign in Japan from February 4. The free telecommuting solutions consist of two services: web video conferencing RemoteMeeting and remote control RemoteView.
Researcher Sangheon Lee of Hi Investment & Securities analyzed, "With the increase in telecommuting and B2C non-face-to-face services in Korea and Japan, RSUPPORT's growth foothold is expected to be established."
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