[Market Focus] "Hacking Response Beneficiary" Jison Surges Over 16%

As hacking incidents continue to occur, prompting more active responses from governments and corporations, shares of the cybersecurity company Jison are showing strong performance.

As of 9:31 a.m. on December 8, Jison was trading at 2,080 won, up 300 won (16.85%) from the previous trading day.

On this day, Choi Seunghwan, a researcher at Shinhan Investment Corp., stated, "There have been as many as 5,000 hacking attempts this year alone, including attacks on telecommunications companies and government agencies." He emphasized, "While the losses at the national level are regrettable, this presents an opportunity for Jison. The potential of the wireless backdoor segment, where Jison holds a 100% monopoly, is expected to expand significantly from now on."

Wireless backdoor security products, which prevent physical hacking of government and institutional data centers, were previously focused on the public and financial sectors. However, the customer base is now expanding to include leading domestic information technology (IT) conglomerates and major manufacturing companies. The order size per customer is estimated to be around 500 million to 1 billion won during the pilot phase, and is projected to reach several billion won when fully adopted.

Researcher Choi noted, "Jison's domestic market share stands at 99% for wireless eavesdropping security, 100% for wireless backdoor security, and 60% for illegal filming security." He added, "Due to high technological barriers to entry and the requirement for certification from intelligence agencies, it is virtually impossible for new competitors to enter the market. Ultimately, if corporate decision-making speeds up, the benefits could be concentrated on Jison, making this a 'before dawn' situation."