HANCOM InSpace, a subsidiary of HANCOM Group and a company specializing in artificial intelligence (AI) data analysis, announced on the 14th that it submitted a preliminary examination application for KOSDAQ listing to the Korea Exchange. The lead underwriter for the listing is DAISHIN SECURITIES.
HANCOM InSpace, founded by CEO Choi Myung-jin in 2012 and a former member of the Korea Aerospace Research Institute (KARI), provides a platform that supports real-time decision-making for national defense, disaster management, smart cities, and agriculture after collecting, merging, and analyzing various data such as satellites, drones, and ground sensors. A company official noted, "We aim for a 'Korean-style Palantir' model that combines and analyzes multidimensional information."
HANCOM InSpace identified its competitive advantages as ▲independent data collection infrastructure ▲AI-based complex data fusion technology ▲decision support algorithms ▲automated workflows. It integrates, analyzes, and visualizes this through its self-developed mission platform 'InStation.'
HANCOM InSpace passed the technical evaluation for technology-based special listings in June and, after about a month, secured 12.5 billion won in pre-initial public offering (IPO) investments from major institutional investors, including POSCO Tech Investment and Cornerstone Investment Partners.
Recently, HANCOM exercised its call option to become the largest shareholder. Based on this, it plans to maximize synergies in AI business with its group companies.
HANCOM InSpace plans to focus its public offering funds on expanding its data infrastructure, enhancing AI fusion and analysis technology through R&D investment, recruiting talent for overseas market entry, and marketing, aiming to strengthen its solid standing in both domestic and global markets.
Choi Myung-jin, CEO of HANCOM InSpace, said, "This KOSDAQ listing initiative will be an important milestone in demonstrating the value of the unparalleled technological capabilities we have built over the past decade," and added, "We aim to leap beyond domestic markets and become a global key player with a mission platform that combines AI-based fusion analysis and independent data infrastructure."