[Asia Economy Reporter Jang Hyowon] Infraware is on the rise. The announcement of the Korean New Deal comprehensive plan, including the promotion of the non-face-to-face industry, appears to reflect expectations for the untact (non-face-to-face) collaboration tool business.
As of 3:08 PM on the 14th, Infraware is trading at 1,755 KRW, up 3.85% from the previous day.
On the same day at 2 PM, the government held the 'Korean New Deal National Report Conference' at the Blue House, presided over by President Moon Jae-in, announcing a total investment of 160 trillion KRW in the Korean New Deal by 2025. This includes 73.4 trillion KRW for the Green New Deal, 58.2 trillion KRW for the Digital New Deal, and 28.4 trillion KRW for strengthening the employment safety net.
Among these, the Digital New Deal specifically consists of four key focus areas (D.N.A. ecosystem enhancement, digital transformation of educational infrastructure, promotion of non-face-to-face industries, and SOC digitalization) and 12 projects.
Infraware developed the office software 'Polaris Office,' which enables non-face-to-face collaboration, and built its own collaboration tool system. Accordingly, on the 23rd of last month, it was selected as an 'Excellent Company Utilizing Remote Work,' and Lee Jae-gap, Minister of Employment and Labor, visited Infraware's headquarters.
'Polaris Office' surpassed 100 million global subscribers as of May, amid the increase in non-face-to-face work due to COVID-19. The company is targeting the global collaboration tool market that supports non-face-to-face work based on its 100 million user network.
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