[Featured Stock] Gabia, Kim Kyung-yul Meets Alone at Yoon Seok-yeol's Residence... Gabia-Kim Kyung-yul 20-Year Relationship

[Asia Economy Reporter Hyungsoo Park] Gabia's stock price is soaring. This is interpreted as being influenced by the fact that Yoon Seok-yeol, a leading opposition presidential candidate and former Prosecutor General, met with accountant Kim Kyung-yul (co-representative of Economic Democracy 21), co-author of the so-called ‘Cho Kuk Black Book,’ to discuss ‘prosecutorial reform’ and ‘political reform.’

As of 1:25 PM on the 16th, Gabia is trading at 17,850 KRW, up 21.43% compared to the previous trading day.

Several media outlets reported that last week, former Prosecutor General Yoon invited accountant Kim to his home in Seocho-dong, Seoul, for dinner. Kim said, “We met through an acquaintance who knows both me and former Prosecutor General Yoon,” and added, “We talked about prosecutorial reform, political reform, and related topics.”

Meanwhile, there are expectations that former Prosecutor General Yoon may launch his presidential bid as early as the end of this month. When Lee Jun-seok, leader of the People Power Party, said that the presidential primary is scheduled to begin in August as planned, Yoon’s camp responded, “It will not conflict with Leader Lee’s timetable.”

Gabia is a company that provides integrated infrastructure services ranging from cloud, groupware, security, domain, and hosting to companies requiring IT environments. Gabia has expanded its business areas from domain, web hosting, and homepage services to cloud-based infrastructure solutions necessary for business, such as ‘gCloud,’ its own cloud certified under the CSAP (Cloud Security Assurance Program), and ‘Hiworks,’ a cloud-based groupware that holds the number one market share in groupware and mail services.

Regarding cloud services, considered a core technology of the Fourth Industrial Revolution, Gabia has invested in research and development for a long time and is focusing on the cloud business based on its proprietary technology ‘gCloud.’ In 2016, ‘gCloud’ received the highest level of ‘Cloud Service Quality Certification’ from the Korea Cloud Industry Association. In 2017, it obtained the CSAP (Cloud Security Assurance Program) certification necessary to provide cloud services to public institutions. In 2018, it expanded the scope of the Information Security Management System (ISMS) certification to include cloud services, providing stable cloud infrastructure services. Gabia is expected to grow into a core technology company of the Fourth Industrial Revolution era through continuous investment and research and development in the cloud infrastructure field.

According to Gabia’s quarterly report, auditor Kim Kyung-yul has been associated with Gabia since 2002. He also served as an auditor at the time of the company’s listing in 2005. Auditor Kim, along with CEO Kim Hong-guk, non-executive director Lee Sun-young, and Vice President Won Jong-hong, all graduated from the College of Liberal Arts at Yonsei University.