Genians announced on the 9th that it will host the ‘2024 Cyber Security Corporate Day’ with domestic cybersecurity companies. This event will take place on the 10th of this month at the Yeouido Park One NH Financial Tower, targeting domestic institutional investors and private bankers (PB). This is the second cyber security joint investor relations (IR) meeting following the one held earlier this year, sponsored by NH Investment & Securities.
Aiming to re-evaluate the value of the security industry and to enhance investor understanding of security companies, this presentation will feature four security companies: Genians, Fasoo, Hunesion, and SGA Solutions. These companies will provide detailed introductions of their latest business conditions, business models, and medium to long-term growth strategies, while also engaging in real-time discussions with investors.
With the recent surge in the scale of global cyber attacks, cybersecurity has become essential rather than optional. The emergence of new threats, such as AI-based cyber attacks, has intensified and advanced the nature of these attacks, further highlighting the importance of cybersecurity.
In response, the government is expected to support the industry, leading to an expansion of the security market. Shim Eui-seop, a senior researcher at NH Investment & Securities, stated, “Globally, the importance of the cybersecurity industry continues to increase, but the domestic security sector remains undervalued. We hope that this joint corporate presentation will further promote the growth potential of major domestic cybersecurity companies and uncover investment opportunities.”
An industry insider also commented, “This joint corporate presentation will be a great opportunity for security companies to enhance communication with investors and increase interest in the industry. As the significance of the security industry continues to grow, we plan to hold regular joint presentations to consistently highlight the need for investment in security technology and the market.”