Lingnet announced on the 22nd that based on 53.3 billion KRW in cash generated from operating activities in 2023 and 95.1 billion KRW in cash and liquid assets held, it plans to expand its European, Chinese, and Vietnamese subsidiaries and establish a local corporation in the United States to expand new businesses and build artificial intelligence (AI) infrastructure.
The planned establishment of a local corporation in the United States is expected to be a significant stepping stone for Lingnet's global business expansion. It is an important strategy to broaden its global business scope.
Additionally, Lingnet disclosed data analyzing the trend of return on equity (ROE) over the past seven years as a means to provide trust to shareholders who accompany the company in the long term. This is an important indicator showing investors the company's potential for sustainable growth and profitability.
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