Ahnlab to invest $73.14 mil. over 3 yrs for 'AI-native' transformation
Korean cybersecurity firm Ahnlab said Wednesday it plans to invest 100 billion won ($73.14 million) over the next three years in an effort to restructure its business around subscription-based services. Such plans were announced at a press conference in Seoul as it vowed to transform the company into an "artificial intelligence native" cybersecurity firm. According to the company, the investments…
Korean cybersecurity firm Ahnlab announced Wednesday plans to invest 100 billion won ($73.14 million) over the next three years to restructure its business around subscription-based services. This announcement was made at a press conference in Seoul, where the company vowed to transform itself into an artificial intelligence native cybersecurity firm. Ahnlab intends to allocate the investments towards building AI infrastructure, enhancing research and development capabilities, and attracting AI-related talent.
The company's CEO, Kang Suk-kyoon, detailed the investment strategy, stating that it will focus on creating a robust AI foundation. Additionally, Ahnlab aims to expand its sales from the current 300 billion won this year to a projected 1 trillion won by 2035. To achieve this ambitious goal, the company's CEO mentioned that an average annual growth rate of 15 percent is necessary, which he believes is attainable based on the company's current growth trend.
Moreover, Ahnlab plans to triple its overseas sales to 30 percent by 2035, up from the current 10 percent. CEO Kang Suk-kyoon hinted at potential merger and acquisition deals or new investments as part of their strategy to scale up the company's operations.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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