Focusing investment on SaaS and AI Projects
HANCOM, a company led by CEO Sung-Jun Byun and Yeon-Soo Kim, has recently sent a letter to its shareholders for the first half of 2023. The company had previously promised continuous communication with its shareholders, and this letter fulfills that commitment.
In the letter, HANCOM highlights its transition from an installation software-focused business structure to a cloud Software-as-a-Service (SaaS) model. The company plans to restructure its portfolio to expand its cloud SaaS projects and take a leading position in the domestic and international AI editor markets through AI development.
To improve product competitiveness and cater to customer needs, HANCOM will incorporate generative AI technology into its HANCOM Office software. This move aims to establish a growth engine for expansion in overseas markets. Additionally, HANCOM Office Editor will be integrated with robotic process automation (RPA) through partnerships with domestic and international entities, adopting a SaaS model to generate new revenue streams across various industries and services.
Last year, HANCOM achieved its largest-ever cashable assets through the sale of HANCOM MDS. The company plans to utilize these assets to aggressively expand into overseas markets by investing in and acquiring companies with growth potential as part of its global strategic initiative called ‘HANCOM Alliance.’
Furthermore, HANCOM intends to enhance the quality of its businesses and lay the foundation for long-term growth. This includes actively supporting the growth of its subsidiaries with high growth potential, such as genetic analysis and digital healthcare company HANCOM Carelink, and travel start-up MadX Company. The company also plans to actively restructure the business portfolios of its subsidiaries.
CEO Yeon-Soo Kim expressed the company’s commitment to business innovation, financial improvement, and the transformation of corporate and organizational culture. Despite the challenging market environment, HANCOM aims to achieve continuous growth through these efforts.
