Hancom, Second Half Shareholder Letter... Driving Global Growth Focused on Cloud and AI

Hancom announced on the 19th through its shareholder letter for the second half of this year that it has presented a global growth strategy centered on cloud and artificial intelligence (AI).

Hancom stated that it is diversifying its business portfolio this year by expanding its cloud Software as a Service (SaaS) business and building an AI value chain. In particular, through a technology modularization strategy, it is moving away from the existing complete application form to maximize scalability while expanding its technological capabilities and human resources across various industries.

Hancom is rapidly strengthening its core competencies by utilizing data-driven cloud and AI technologies. Thanks to remarkable growth in new businesses such as cloud services, the company is recording record-breaking increases in both revenue and operating profit every quarter. Especially, cloud SaaS-related products including Web Drafting Tool and Web Hangeul have grown by an average of more than 20% compared to the previous year, establishing themselves as the company’s main growth drivers.

In addition to the already launched Hancom Docs AI, Hancom plans to officially release Hancom Pedia, an AI-based Q&A solution, and Hancom Assistant, an AI intelligent document creation tool, within this year. Currently, dozens of major local governments, public institutions, and companies are showing great interest and are conducting PoCs (Proof of Concepts).

To expand its global business, Hancom is promoting technological network cooperation with Mistral AI, a leading AI company in Europe. It is also collaborating with Intel in the field of on-device AI. Furthermore, Hancom is expanding its AI biometric business in the Asia-Pacific (APAC) region through cooperation with Spain’s FacePhi, and strengthening partnerships with global companies including Taiwan’s Kaidan Mobile.

Byun Sung-jun and Kim Yeon-su, co-CEOs of Hancom, stated, “Hancom has completed preparations to leap forward as a global company by strengthening core competencies based on cloud and AI technologies,” adding, “We will continue to enhance shareholder value through ongoing innovation and growth.”