Hancom has changed its name from 'Hangul and Computer' to 'Hancom' and is accelerating its transition to an artificial intelligence (AI) focused company.
On July 24, Hancom announced that it has completed the procedures for changing its name and stock designation.
The name change, which comes after 36 years of using 'Hangul and Computer,' aims to clearly communicate its business restructuring direction toward becoming an AI company to the capital markets.
Recently, Hancom has been nurturing its AI business as a new growth pillar. Last year, its standalone revenue reached 175.3 billion won, the highest ever, with AI package sales accounting for 8.9 billion won, or about 5% of total revenue. Notably, 54.6% of the revenue increase of 16.2 billion won last year came from the AI sector.
Profitability has also remained stable, with last year's operating profit at 50.9 billion won and an operating profit margin of 29%.
Moving forward, Hancom plans to target the 'sovereign agent operating system (OS)' market, focusing on sectors that handle sensitive information, such as public, defense, and finance. The company is currently conducting AI pilot projects with BGF Group, Korea Western Power, and the National Assembly, using these initiatives as a foundation for business expansion.
Hancom is also set to intensify its global market entry efforts. The company is preparing a roadmap for entering the European market and plans to expand collaborations with local firms.
Kim Yeon-soo, CEO of Hancom, stated, "This name change is intended to more clearly demonstrate our transition to an AI-centered company in the capital markets. We will strengthen our global market competitiveness based on the technology and trust we have accumulated over the past 36 years."
* This article has been translated by AI.
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