Hancom Inc. Achieves Record Half-Year Revenue Driven by AI Growth... Accelerates Global Expansion with 'Agentic OS'

Hancom Inc. (030520) achieved its highest-ever revenue for a half-year period, driven by growth in its artificial intelligence (AI) business. The company maintained strong profitability during its AI expansion, successfully delivering both top-line growth and improved margins.

On July 30, Hancom Inc. announced provisional results showing stand-alone revenue of KRW 9.86 billion and an operating profit of KRW 3.1 billion for the first half of the year. Revenue increased by 7.2% year-on-year, hitting a new semi-annual record. Operating profit decreased by 9.6% compared to the same period last year, but net profit rose by 23.3% to KRW 4.07 billion, thanks to investment income from selling its stake in Hancom Inspace.

Second quarter results on a stand-alone basis also marked a record high, with revenue of KRW 5.21 billion and operating profit of KRW 1.34 billion. Even as the company shifted its business model towards an AI-centric structure, the quarterly operating margin stood at 25.7%, demonstrating stable profitability.

On a consolidated basis, revenue for the first half reached KRW 18.36 billion, up 24.6% from a year earlier, while operating profit fell 7.6% to KRW 2.29 billion.

The AI business was at the core of this performance improvement. As of the end of June this year, cumulative AI product revenue had reached KRW 1.35 billion. This surpassed last year's annual AI revenue figure of KRW 890 million by May, when cumulative revenue reached KRW 1.03 billion, and current results are already over KRW 570 million ahead of internal plans.

The company has set its AI business revenue target for this year at KRW 3.15 billion. If the current trend continues, the AI segment is expected to account for approximately 20% of the company’s total annual revenue.

Hancom Inc. emphasized its financial stability amid the AI expansion. Despite pivoting to an AI-focused business without large capital expenditures, the company posted an operating margin of 25.7% in the second quarter and 31.5% for the first half. Based on the company’s annual targets of KRW 21 billion in revenue and KRW 6 billion in operating profit, it may well surpass the target operating margin of 28.6%.

Liquidity has also improved significantly. As of the end of the second quarter, stand-alone cash, cash equivalents, and short-term financial products totaled KRW 11.49 billion—up KRW 4.29 billion from KRW 7.2 billion at the end of last year. On a consolidated basis, liquidity stood at KRW 18.53 billion.

The company explained that its AI transformation strategy, leveraging its existing customer base, is yielding results. Hancom Inc. is expanding the supply of AI package products and solutions to approximately 200,000 customers—including central government bodies, metropolitan and provincial offices of education, and corporations. The AI package conversion rate for B2B customers rose from 4.2% at the end of March to 6.2% at the end of June.

Building on this, Hancom Inc. plans to launch its global agentic operating system (OS) business in earnest. The agentic OS is a platform that integrates, creates, runs, and manages AI agents distributed across client environments. It is designed to interface with multiple AI models rather than being tied to a single large language model (LLM).

The company aims to release both the beta and commercial versions of agentic OS in the fourth quarter of this year and begin full-scale business expansion in Korea and Europe from 2027. In Europe, Hancom Inc. is collaborating with local partners Seven Bulls and Algomine to develop solutions that address the EU AI Act and GDPR, accelerating its penetration into the public and financial sectors.

Yeon-Soo Kim, CEO of Hancom Inc., said, "We are actively investing in AI technology and business expansion in line with market changes, while maintaining profitability and financial health for a successful transformation into an AI company. With the commercial launch of agentic OS this year, we will take a leap forward as a global AI company targeting both the domestic and European markets."

This performance demonstrates that Hancom Inc. is accelerating its transition into a global AI platform company, maintaining stable profitability and a robust financial structure as its AI business enters a full-fledged growth trajectory.

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