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…
Ahnlab, a Korean cybersecurity firm, announced plans to invest $73.14 million over the next three years to transform its business model around subscription-based services and artificial intelligence (AI). The company aims to build AI infrastructure, enhance research and development capabilities, and attract AI-related talent. Ahnlab CEO Kang Suk-kyoon stated that the company seeks to triple its sales from 300 billion won this year to 1 trillion won by 2035, requiring an average annual growth of 15 percent.
Additionally, the firm plans to expand its overseas sales to 30 percent by 2035 from the current 10 percent.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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