WiseAITech Signs 3 Billion KRW Treasury Stock Trust Agreement with Daishin Securities

[Asia Economy Reporter Hyunseok Yoo] Wisetec announced on the 26th that it has signed a trust contract for the acquisition of treasury stocks worth 3 billion KRW with Daishin Securities.

This treasury stock trust contract was carried out with the purpose of demonstrating confidence in the company's growth and enhancing shareholder value. Wisetec plans to continuously grow the company by discovering promising businesses based on its independent technological capabilities.

Wisetec is showing rapid growth. It is recognized for its competitiveness in all major business areas such as AI and big data. In the first quarter, it recorded an earnings surprise with operating profit growth of 96%, and both sales and net income also increased.

The company expects a bright future outlook. It has been selected as a research institute for national projects worth a total of 10 billion KRW, including "Development of heterogeneous fusion data detection and tracking technology" and "Development of a time-series based integrated platform technology for active utilization of fragmented data," and is currently conducting research. In the edutech field, it is strengthening its market position by collaborating with Dain Leaders on R&D for an AI self-introduction solution.

Jonghyun Kim, CEO of Wisetec, said, “Through this treasury stock trust contract, we have expressed the company's commitment to enhancing shareholder value and confidence in the company’s growth. As the global AI and big data markets rapidly expand, Wisetec is steadily maintaining its growth trend and will secure competitiveness through continuous research and development.”