Hancom's Separate-Account Revenue Reaches KRW 98.6 billion in H1 as AI Sales Growth Gains Momentum
IT DAILY ·
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Hancom said on the 14th that it plans to expand its AI business in the second half based on improved first-half results.
Cumulative revenue on a separate basis in the first half reached KRW 98.6 billion, up 7.2% from a year earlier, while consolidated revenue for the first half reached KRW 183.6 billion, up 24.6% year over year.
Hancom has set AI conversion for existing office customers, commercialization of the agentic OS, and expansion into the global physical AI market as its main pillars for second-half AI business efforts.
Hancom said on the 14th that it plans to expand its AI business in the second half based on improved first-half results. It also said it will continue pursuing AI conversion for existing office customers and push ahead with global business expansion built on the commercialization of its agentic OS.
Hancom filed its semiannual report through the Financial Supervisory Service’s electronic disclosure system. Its cumulative revenue on a separate basis in the first half reached KRW 98.6 billion, up 7.2% from a year earlier and marking the highest first-half result on record. Operating profit for the first half came to KRW 31 billion, down 9.6% year over year, while the operating margin stood at 31.5%. Net profit for the first half was KRW 40.7 billion, up 23.3% from a year earlier.
Second-quarter revenue on a separate basis was KRW 52.1 billion, up 11.9% from a year earlier. Operating profit for the second quarter was KRW 13.4 billion, and the operating margin was 25.7%.
Hancom said consolidated revenue for the first half reached KRW 183.6 billion, up 24.6% from a year earlier. Operating profit came to KRW 22.9 billion, down 7.6% year over year, while net profit rose 43.4% to KRW 31 billion. The company said growth in Hancom Lifecare's defense and firefighting businesses supported the increase in consolidated revenue.
For the second half, Hancom set three main pillars for its AI business: AI conversion for existing customers, commercialization of the agentic OS, and expansion into the global physical AI market. Among them, the company is seeking to expand AI sales based on its existing customer base.
Since the second half of last year, Hancom has shifted its product strategy from launching new office packages to combining AI features with subscription-based services. As a result, AI product sales in the first half reached KRW 13.47 billion, surpassing last year's full-year AI sales of KRW 8.9 billion. The share of AI product sales rose from 11.4% in the first quarter to 15.7% in the second quarter, while the share of AI package adoption among all B2B customers also increased from 4.2% to 6.2%, showing a simultaneous rise in both metrics over the same period.
Hancom is accelerating development and commercialization of its agentic OS, with a beta version set to be unveiled in the third quarter this year. Ahead of the beta release, it is also preparing proof of concept (PoC) projects for major public and financial sector clients as part of the commercialization process.
At the same time, Hancom is expanding new references for its AI business. It won the first phase of the National Assembly big data platform project (AI National Assembly) and will supply Hancompedia and Hancom Assistant for that phase. It also secured the BGF Group's AI knowledge search system construction project and a generative AI project for Korea Western Power.
Overseas, the company is building a framework for entering the European market, which it has designated as a bridgehead for global expansion. In June, it signed a memorandum of understanding (MOU) with 7Bulls, a state-certified R&D center in Poland, on localizing its sovereign agentic OS for Europe. In May, it began PoC projects for local public-sector clients in cooperation with Polish AI company Algomine. It has also hired sales specialists for the DACH region.
Hancom has expanded the scope of its agentic OS into the physical AI sector. On the 12th, Hancom Lifecare signed a five-year contract with French robotics company Shark Robotics for the exclusive domestic distribution and technology development cooperation of firefighting robots. As a result, Hancom will broaden the applications of its agentic OS while also pursuing cooperation related to firefighting robots through Hancom Lifecare.
Hancom has also secured room to invest in expanding its AI business. On June 18, it sold its 26.08% stake, or 3,094,234 shares, in Hancom InSpace and raised KRW 31.9 billion in cash. The company said it realized a 269.9% return on investment roughly 6 years after including Hancom InSpace in 2020. Hancom plans to use the funds for agentic OS development, expansion of global partnerships, and the discovery of local customers.
Kim Yeon-soo, CEO of Hancom, said the company's record first-half performance confirmed the results of its shift to an AI-centered business model. He also said the company will work to expand sales of AI package products based on its office customer base and will push ahead with commercialization of the agentic OS and entry into the global physical AI market. Kim said Hancom will move forward with its AI business at a faster pace in line with that direction.
Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=241010
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Source: IT DAILY
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