HANCOM announced on the 5th that it has become the largest shareholder by expanding its equity in its affiliate HANCOM InSpace.
Recently, HANCOM exercised its call option to increase its equity in HANCOM InSpace from the existing 20.7% to 31.4%. HANCOM InSpace, which was integrated into the HANCOM Group in 2020, is a company specializing in artificial intelligence (AI)-based data analysis. Through this expansion of equity, HANCOM has secured management rights more stably and laid the groundwork to accelerate future business efforts.
HANCOM InSpace has successfully launched the Earth observation satellite 'Sejong 1' in 2022, backed by its unique technological capabilities in the field of AI-based multimedia and multichannel data fusion and analysis. Furthermore, it is set to place 'Sejong 2' into orbit in June 2025, establishing its own satellite data collection infrastructure. It is forming a data belt that encompasses space, sky, and ground through satellites, unmanned drones, and high-resolution long-range ground cameras.
The data collected in this manner is analyzed using AI, and an integrated platform called 'InStation' has been developed to provide real-time information and alerts, enhancing market competitiveness.
The HANCOM Group is strengthening AI synergy among its affiliates. HANCOM is transforming into a business structure focused on cloud-based services and AI technology. HANCOM LIFECARE is expanding its AI-based smart safety net business, while HANCOMwith is growing its AI facial recognition solution business.
HANCOM InSpace is entering into full-scale preparations for an initial public offering (IPO) after passing the technical assessment. Currently, it is in the process of preparing preliminary review applications, and the stage for attracting investments for listing has also entered the final phase.
Kim Yeon-soo, CEO of HANCOM, noted, 'This expansion of equity demonstrates HANCOM's firm commitment and proactive investment strategy towards future new businesses such as AI and data.'