[Click eStock] "Genians, Business Environment Turning Favorable"

NH Investment & Securities forecasted on the 19th that Genian will expand its business scope from the public sector, where it holds an overwhelming market share, to the private sector.

Sim Eui-seop, a researcher at NH Investment & Securities, explained, "The growth potential of 'Genian ZTNA,' a next-generation zero trust security solution encompassing NAC products, is significant," adding, "We expect benefits from the expansion of government policies."

He continued, "According to the Ministry of Science and ICT, this year, a cybersecurity fund creation project has been added to major budget projects," and "They are also increasing the budget for the demonstration and expansion of the zero trust new security system and the establishment of an integrated cybersecurity platform to strengthen the competitiveness of the information protection industry." Additionally, he expressed, "Improvements to the network separation system will also act as an opportunity factor for Genian's ZTNA and EDR businesses."

Researcher Sim analyzed, "Due to business expansion last year, including increased new hires and costs related to security incidents, the operating profit margin is estimated to have declined compared to the previous year," but "Starting this year, entering a full-scale investment recovery phase, profitability is expected to improve again."