[Click eStock] "RaonSecure, Q4 New Business Sales Begin in Earnest"

Yuanta Securities analyzed on the 25th that RaonSecure's new business sales will begin in earnest in the fourth quarter of this year.

Kwon Myung-jun, a researcher at Yuanta Securities, stated in a report on the same day, "RaonSecure, a security solution and security consulting company, has had 43.2% of its sales concentrated in the fourth quarter over the past 10 years," and added, "In addition, this year, the mobile ID business, the start of the deepfake detection solution business, and the growth of the white-hacker business are expected to be highlighted in the fourth quarter, so attention is needed."

Regarding mobile IDs, the mobile government employee ID project began in 2019 as part of the digital government innovation promotion plan. Following the mobile government employee ID in 2021 and the mobile driver's license in 2022, the mobile resident registration card project is currently underway. RaonSecure holds the domestic reference for the national mobile ID system, starting from the issuance of mobile government employee IDs, and has also secured projects related to resident registration cards.

Researcher Kwon said, "Overseas expansion is underway and expected to expand through cooperation with government agencies," and predicted, "Expansion will extend to Asia and South America, including Indonesia and Costa Rica, within this year."

Performance in the deepfake detection solution is also anticipated. He stated, "With the rapid increase in deepfake sexual crimes and the production of fake news videos, research and development for deepfake detection is ongoing," adding, "Unlike existing deepfake detection models, we are developing a domestically customized deepfake detection facial recognition technology, which is scheduled to be integrated into our platform within this year. We also plan to expand into corporate and institutional markets in the future."

Growth in the white-hacker sector is also expected. He explained, "According to the major cyber threat trends in the private sector in the first half of this year (Ministry of Science and ICT), reports of major cyber incidents in the private sector have increased over the past three years," and added, "RaonSecure is a nationally designated information security professional service company and the only premium penetration testing company in Korea, with numerous personnel who have won awards at domestic and international hacker competitions."

He continued, "With a diverse client base including private, public, and financial sectors, sales growth is expected to continue."