HancomWealth, a group valued at over 1 trillion won... adds 4.47% stake in Hancom

HancomWealth, the de facto parent company of Hancom, acquired 25% more shares than initially planned. Amid heightened market volatility, HancomWealth increased its stake in Hancom, demonstrating confidence in its future growth potential and showcasing responsible leadership as the largest shareholder. From June 4 to July 3, HancomWealth purchased 1.08 million shares of Hancom common stock, representing a 4.47% stake at a cost of approximately 206 billion won. This surpasses the 165 billion won, 792,000-share purchase plan announced on April 30. The actual purchase amounted to 37% more in shares and 25% more in value. HancomWealth's sole ownership stake rose from 26.73% to 31.20%, with the largest shareholder's combined stake reaching 40.15%. The increased investment reflects confidence in Hancom's growth potential, particularly as AI transformation is materializing through tangible results. Last year, Hancom's standalone revenue reached 175.3 billion won, marking a 10.2% increase from the previous year. AI package sales accounted for 5% of total revenue, amounting to 8.9 billion won, which represents over half of the 162 billion won revenue growth. This proportion has expanded further in 2024, with AI revenue reaching 5.2 billion won in the first quarter, representing an 11.21% share of total revenue.