Konan Technology Revenue Tops KRW 8 Billion in First Half, Bolsters Growth Engine With Vertical AI
IT DAILY ·
✦ AI Summary
Konan Technology disclosed first-half revenue of KRW 8,047,390,000.
First-half revenue increased 7.9% from a year earlier.
Second-quarter revenue came to KRW 4,171,610,000, up 23.1% from a year earlier.
Konan Technology continued its growth momentum in the first half of this year after posting its highest-ever annual revenue last year. On the 18th, the company disclosed first-half revenue of KRW 8,047,390,000, up 7.9% from a year earlier.
In particular, second-quarter revenue came to KRW 4,171,610,000, up 23.1% from a year earlier, while second-quarter operating loss narrowed 36.6% year over year. For the first half as a whole, the company recorded an operating loss of KRW 6,808,360,000, down 19.3% from a year earlier, and first-half gross profit turned positive at KRW 499.44 million, compared with a gross loss of KRW 685.85 million in the same period last year.
The company said the improvement in these profitability indicators reflects revenue growth, easing cost pressures and efficiency gains from its AI-based business operations.
Konan Technology said its total order backlog stood at KRW 22.5 billion as of the end of the first half of 2026. The company said it continues to win AX contracts centered on the public sector, legal, power generation and defense, while expanding its new order pipeline into manufacturing through companies such as Seoyon E-Hwa, broadening the foundation of its vertical AI business.
Kim Young-seom, CEO of Konan Technology, said the company continues to have a foundation for supporting future results through revenue growth, an improved profit-and-loss structure and the maintenance of its order backlog. He added that the company has built vertical AI competitiveness in defense and the public sector and plans to expand it into manufacturing and other areas to accelerate growth in the second half.
Konan Technology said it is pushing to strengthen its vertical AI competitiveness for future security and industrial sites, while reorganizing itself into a field-oriented AI engineering system linked to business and research. The core of this reorganization is building a vertical AI engineering framework.
The reorganization focused on organically linking business and research and reflecting customer site requirements in AI solutions. To that end, the company integrated its Defense and Strategic Business Division with the Digital Twin Group at the AI Research Institute, redeployed research personnel to the business division, and established a system in which a single organization handles everything from customer response to the design and refinement of industry-specific AI solutions.
The company said the move lays the groundwork for faster reflection of customer requirements from the defense, arms and manufacturing sectors into products and services. Based on this, it plans to fully develop its 'AI adviser' for defense intelligence analysts in the defense sector, and to fully develop its 'AI master' solution that implements the experience and know-how of skilled workers with AI in the defense, arms and manufacturing sectors.
Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=241030
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Source: IT DAILY
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