Woorinet Joins ETN Related to IoT... "Proving Technological Competitiveness"

[Asia Economy Reporter Minji Lee] Woorinet, a company specializing in optical communication networks, announced on the 15th that it has been included in the underlying asset stocks of the Internet of Things (IoT)-related Exchange Traded Note (ETN) issued by Korea Investment & Securities.

The ETN in question is the ‘TRUE FnGuide IoT ETN’ issued by Korea Investment & Securities. Among the KOSPI and KOSDAQ listed stocks, 10 stocks with high relevance to the IoT industry have been included as underlying assets.

Woorinet develops wired and wireless network configuration products such as optical packet transmission equipment, Eum5G, Access Gateway (AGW), and cellular Internet of Things (IoT). Although its main business is optical communication wired business, it has been preparing and expanding its wireless sector business, thereby gaining competitiveness in IoT technology.

Recently, in line with the expanding demand for ‘5G specialized networks (Eum 5G)’, Woorinet is accelerating the launch of the ‘Eum5G IoT module’. In accordance with the government and telecom companies’ policies to expand 5G infrastructure, it is actively promoting the 5G vertical service business that applies 5G to vertically integrated business fields such as smart factories (industry), smart farms (agriculture), and smart cities (urban areas).

The global IoT market continues to show steady growth. According to the ‘IoT Technology Market Outlook’ report published by the market research firm MarketsandMarkets, the global IoT market size is expected to grow from 349.6 trillion KRW in 2021 to 730 trillion KRW in 2027.

A Woorinet official stated, "Being included in this Exchange Traded Note can be seen as recognition of Woorinet’s technological capabilities in the Internet of Things (IoT) field," and emphasized, "We will actively promote the 5G specialized network IoT business with free integrated technology without wired or wireless constraints to maximize growth."