RaonSecure Acquires KRW 2 Billion in Treasury Shares: “Enhancing Shareholder Value and Strengthening Responsible Management”

On July 8, RaonSecure, an AI security and authentication platform company, announced that it will acquire KRW 2 billion worth of treasury shares as part of its efforts to enhance shareholder value.

RaonSecure disclosed that it has entered into a trust contract on this day for the acquisition of its own shares. The planned number of shares to be purchased is 277,392 common shares, with a total acquisition amount of KRW 2 billion. The purchase price was calculated based on the closing price of KRW 7,210 on the trading day prior to the board resolution.

The company explained that this treasury share acquisition was a decision made in comprehensive consideration of its mid- to long-term growth potential and corporate value, and is intended to enhance shareholder value and strengthen responsible management.

Last month, CEO Soonhyung Lee, the largest shareholder, increased his stake through on-market purchases. Following the CEO’s share purchase, the company’s acquisition of treasury shares is seen as another demonstration to the market of its commitment to enhancing both corporate and shareholder value.

Since its founding, RaonSecure has continued its growth, achieving its highest ever annual revenue last year. This year, the company is working on developing an agentic AI-based security automation platform and is expanding into next-generation security businesses such as securing supply contracts in the financial sector for post-quantum cryptography (PQC) solutions.

The digital ID authentication business has also become a stable growth pillar. Leveraging its mobile ID, blockchain-based digital ID, and multi-factor authentication (MFA) technologies, the company continues to expand its business foundation in both the public and private sectors.

A RaonSecure official stated, "The decision to acquire treasury shares was made after a comprehensive review of the company's mid- to long-term growth potential and corporate value," adding, "We will continue to strengthen our technological leadership in the security and authentication market, centered on our agentic AI-based security automation platform, while also maintaining responsible management to enhance shareholder value."

RaonSecure is reinforcing its commitment to responsible management through the acquisition of treasury shares and the largest shareholder’s increased stake, while also accelerating the securing of new growth engines based on new businesses such as AI security and post-quantum cryptography.

This content was produced with the assistance of AI translation services.