Lingnet Wins 10 Billion KRW Public Project Contract from National Research Foundation of Korea

IT solution specialist company Ringnet announced on the 21st that it has successfully secured a public project worth 10 billion KRW led by the National Research Foundation of Korea.

This project aims for digital innovation in the research and education sectors. Based on the establishment of advanced information and communication technology (ICT) infrastructure, the project applies big data analytics, artificial intelligence (AI), and cloud computing technologies to provide researchers with a more advanced and efficient research environment.

A Ringnet representative stated, "We are pleased to contribute to modernizing the domestic research environment and building a research ecosystem suited for the Fourth Industrial Revolution through this project win," adding, "We will continue to demonstrate Ringnet's technological capabilities in various projects spanning both public and private sectors." They further added, "Starting with this large-scale contract in the fourth quarter, additional achievements targeting various public institutions will follow."

Building on this success, Ringnet plans to accelerate the expansion of domestic and international markets and the discovery of new growth engines. By developing cloud-based services and AI solutions, the company aims to strengthen its technological edge and provide digital innovation solutions applicable across diverse fields. Through this, the company expressed its commitment to maximizing shareholder value by achieving a shareholder return rate of over 30% in 2024.

Ringnet has also achieved significant contract successes targeting various private enterprise companies, including telecommunications operators, semiconductor companies, IDCs, e-commerce, and cloud sectors, in addition to the public sector.