FocusHNS "Major shareholder WeHub acquires 45% stake in store management solution company VD Crux"

Wihub, the largest shareholder of Focus HNS, announced on the 5th that it will acquire a 45% stake in VD Crux.

VD Crux is a company that develops and supplies cloud-based integrated store management solutions. It provides POS, kiosks, serving robots, order and delivery management solutions to stores, and has over 20,000 table orders and approximately 15,000 franchise stores.

A Wihub representative stated, "The competitiveness of the payment business is expected to be strengthened through the expansion of domestic and international franchise networks," adding, "We plan to link the Payplug service with POS, kiosks, and also connect it with Focus HNS's unmanned solutions."

Wihub operates Payplug, a mobile simple payment platform certified by Europay, Mastercard, and Visa (EMV). Chairman Yang Jae-seok, the largest shareholder, has a history of selling 100% of Compose Coffee's shares to a Philippine company and others for $340 million (approximately 470 billion KRW). Recently, Wihub became the largest shareholder of Focus HNS, an artificial intelligence (AI) control solution company.

Recently, Wihub has been accelerating its entry into the global market by promoting the establishment of overseas branches and participating in world-renowned exhibitions. After attending MWC held in Barcelona, Spain, in February, it plans to promote its technology at GITEX in Dubai this October.

Wihub emphasized, "We will maximize synergy effects by integrating our payment technology and VD Crux's franchise network with Focus HNS's AI control solutions."