Genians Participates in Security Sector Corporate Briefing Session

Security companies listed on the domestic stock market, including MonitorLab, Xgate, Ginious, Hanssak, Huneshion, and SGA Solutions, have joined forces to reassess the value of the security industry.

Ginious announced on the 17th that it will participate in the 'Korea Cyber Security Corporate Day,' which will be held over three days from the 23rd to the 25th.

The event aims to enhance investor understanding and increase the value of the security industry. It is sponsored by KB Securities. It is significant as the first joint corporate briefing (IR) held in the security industry.

In the rapidly changing cyber threat environment, the importance of the security industry is growing even more. The global damage from cyberattacks is expected to exceed 100 trillion won by 2025, and many CEOs consider cyber risk as the greatest threat.

Covert and persistent software supply chain attacks that conceal the damage itself, as well as cybercrimes exploiting generative AI, are also increasing significantly. To respond to this, countries are strengthening security policies and establishing or increasing cybersecurity budgets.

There are not many countries worldwide that possess their own security technologies. The technological capabilities of Korean security companies are not behind global companies. The environment surrounding the security industry is becoming more favorable. The development of generative AI and the increase in cloud adoption are factors strengthening the demand for cybersecurity, and the market is rapidly growing from traditional network security to cloud, endpoint, and zero trust areas.

The government has announced a strategy to become a ‘global information protection industry powerhouse’ and is introducing various policies. The six companies?MonitorLab, Xgate, Ginious, Hanssak, Huneshion, and SGA Solutions?are leading the market in their respective security technology fields. Through the briefing, they plan to share their recent trends and mid- to long-term growth strategies.

Kim Hyun-gyeom, a research fellow at KB Securities Research Division, said, "As the scope of AI utilization continues to expand, the demand for cybersecurity to respond to this is also increasing," adding, "This will be an opportunity to reassess the value of security companies."