Agos Completes Merger with Human Agos... Appoints 20-Year Defense Industry Expert Jeong Cheolgon as CEO

KOSDAQ-listed company Agos has completed its merger with Human Agos and is set to expand its defense business, centering on anti-drone solutions. The company has appointed Jeong Cheol-gon, an expert with over 20 years of experience in the defense industry, as its new CEO, and plans to pursue both external growth and profitability improvement through collaboration with major domestic defense companies and overseas exports.

On September 1, Agos announced that it had finalized the merger by absorbing Human Agos, with this date set as the official merger date. At a general meeting of shareholders held on August 31, Jeong Cheol-gon was appointed as the new CEO as part of a restructuring of the management system.

Through this merger, the company plans to bring together the technologies and business capabilities of both entities to strengthen its competitiveness in anti-drone and defense business sectors.

CEO Jeong is a seasoned defense industry expert who previously worked at Hyundai WIA and has accumulated over two decades of experience in the sector. He is particularly known for proposing the idea behind the ‘Drone Cutter,’ a project that covers the entire process of detecting, tracking, and neutralizing illegal drones, leading its development and commercialization.

Agos intends to leverage CEO Jeong’s hands-on experience in the defense field to further advance its anti-drone technologies and concretize its mid-to-long-term business strategies.

As drones are increasingly used in warfare and terrorism, the importance of anti-drone technology—which detects, identifies, and responds to illegal and assault drones—is growing. Agos plans to expand its partnerships with Korea's major defense companies based on its existing anti-drone technologies and business references.

In particular, the integrated corporation will use its enhanced research and development and project execution capabilities to accelerate entry into overseas markets. The company aims to broaden its order base through expanded cooperation with domestic defense firms, while simultaneously boosting export activities to increase both sales volume and profitability.

CEO Jeong Cheol-gon stated, "This merger marks a turning point as Agos amplifies its technological potential and business capabilities to grow into a specialized anti-drone and defense company. I will leverage the experience and expertise I have gained over the past 20 years in the defense field to secure unparalleled technological competitiveness."

He continued, "We will become a global defense company that proves tangible sales growth and profit creation through expanded cooperation with leading domestic defense companies and overseas exports, thereby increasing our corporate and shareholder value."

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