Hancom Sends Shareholder Letter... "Focusing Investment on SaaS and AI"

Hancom announced on the 10th that it has sent out its shareholder letter for the first half of 2023.

In the shareholder letter, Hancom stated, "Last year, we began a full-scale transition from a business structure centered on installed software (SW) to one focused on cloud Software as a Service (SaaS)." It emphasized, "Through the expansion of our cloud SaaS business and the development of the artificial intelligence (AI) sector, we will lead the domestic and international AI editor markets and simultaneously take a leap forward through aggressive restructuring of our subsidiary portfolio."

Hancom plans to introduce generative AI technology into its office software within the year and establish momentum for overseas market entry. By collaborating with domestic and international partners, it is securing new revenue streams by integrating Hancom’s editor as SaaS with robotic process automation (RPA).

Having secured the largest-ever cash assets through the sale of Hancom MDS last year, the company will aggressively expand its overseas market presence through investments and acquisitions of companies with growth potential.

Kim Yeonsu, CEO of Hancom, said, "Despite the challenging market environment, we will do our utmost to achieve continuous growth by innovating our business, improving financials, and transforming corporate culture and organization."