“With the rise of AI, cyber threats are increasing, highlighting the importance of security for companies and organizations. Four companies present mid to long-term growth strategies.”
On December 9th, it was announced that four domestic cybersecurity companies, including Genience, will hold the ‘2024 Cyber Security Corporate Day’ for domestic institutional investors and private bankers on December 10th at the NH Financial Tower in Yeouido Park One, Seoul. This event, which is the second ‘joint corporate briefing session’ on cybersecurity following one earlier this year, is supported by NH Investment & Securities.
The briefing aims to shed new light on the value of the security industry and enhance investor understanding of cybersecurity companies. The participating companies include Genience, Fasoo, Hunetion, and SGA Solutions, totaling four security firms.
These companies, leaders in areas such as network and endpoint security, data security and management, network integration and access control, and Zero Trust and system security, will provide detailed insights into their current business status, business models, and mid to long-term growth strategies, while engaging in real-time discussions with investors.
Regarding this, a representative from Genience stated, “As the scale of damage from global cyberattacks has recently surged, cybersecurity has become a necessity rather than an option. Especially with new forms of threats like AI-based cyberattacks emerging, which are becoming more intelligent and sophisticated, the importance of cybersecurity is further emphasized.”
In response, the government is strengthening its support for the expansion of the cybersecurity market by intensifying information protection regulations and expanding security regulatory obligations tailored to specific industries.
Shin Yi-sub, lead researcher at NH Investment & Securities, said, “Globally, the importance of the cybersecurity industry continues to rise, yet the domestic sector remains undervalued. We hope this joint corporate briefing will further publicize the growth potential of major Korean cybersecurity firms and uncover investment opportunities.”
Industry insiders noted, “This joint corporate briefing is a good opportunity for security companies to enhance communication with investors and heighten interest in the industry. As the importance of the security industry continues to increase, we plan to continue holding regular joint corporate briefings to consistently communicate the need for investment in security technology and the market.”
In April, six cybersecurity companies, including Monitor Lab, Xgate, Genience, Hanssak, Hunetion, and SGA Solutions, conducted the first-ever online joint IR briefing session in the domestic security industry.