[Asia Economy Reporter Hyungsoo Park] AI specialist company RaonPeople announced on the 27th that it recorded sales of 26.4 billion KRW and operating profit of 2.4 billion KRW last year. Sales increased by 34% compared to the previous year, and operating profit turned positive.
RaonPeople explained that its AI Smart Vision and AI Machine Vision business divisions grew significantly.
A RaonPeople official said, "Sales increased last year due to the expansion of the Andong AI Smart Farm business and the supply of AI smart traffic solutions," adding, "This year as well, business areas such as AI-based smart farms and traffic solutions are expected to accelerate growth as next-generation AI core projects promoted by the government." He added, "We expect continuous sales growth."
The official also said, "We have recently started developing an AI platform utilizing the trending ChatGPT," and added, "We will develop various AI business models fused with ChatGPT, such as generating AI training data, labeling, and creating data sheets, and plan to launch them this year to translate into sales."
RaonPeople is an AI specialist company that continues to record profits with sustained sales and operating profits among major listed AI-related companies, and is implementing continuous shareholder return policies such as cash dividends along with expanding its performance this year.
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