[Click e-Stock] "Genian Secures Growth Through EDR and Overseas Expansion"

On July 31, Kiwoom Securities analyzed that Genian is a representative beneficiary company amid increasing investments in cybersecurity.

Oh Hyunjin, a researcher at Kiwoom Securities, stated, "The scale of damage caused by recent cyberattacks is growing," and explained, "In the United States, the cybersecurity sector within the B2B software industry is showing the fastest growth rate."

He added, "Even in Korea, where investment in cybersecurity had been relatively passive, there is now a trend of expanding investments, especially among telecommunications companies," and continued, "The three major Korean telecommunications companies have announced plans to invest approximately KRW 2.4 trillion over the next five years."

Researcher Oh stated, "A zero trust security system (which continuously verifies identities when accessing internal networks to minimize cyberattack damage) will be established," and added, "Genian is a specialized company in security-related software."

Genian's main products include: ▲ the access control solution 'Genian NAC,' which protects internal corporate networks, ▲ the zero trust security solution 'Genian ZTNA,' and ▲ 'Genian EDR,' an endpoint-based intelligent threat detection and response solution.

Researcher Oh explained, "The main growth drivers are the benefits from the growth of the EDR (Endpoint Detection & Response) market and overseas expansion," and added, "Demand for EDR solutions, which continuously monitor internal PC activities to detect and respond to unknown threats, is increasing." He emphasized, "Genian was the first in Korea to develop an EDR solution and, by entering the market early, is maintaining a solid position."