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 company Ahnlab announced a three-year investment of 100 billion won, equivalent to $73.14 million, to transition its business model towards subscription-based services. The firm's press conference in Seoul revealed its ambition to evolve into an AI-native cybersecurity entity. The allocated funds will primarily be directed towards constructing AI infrastructure, enhancing research and development, and recruiting AI-skilled personnel.
CEO Kang Suk-kyoon stated that the company aims to triple its sales from the current 300 billion won to 1 trillion won by 2035. Achieving this target would necessitate an annual growth rate of 15 percent, which the CEO believes is attainable considering the company's growth trajectory. The CEO also hinted at the possibility of pursuing mergers and acquisitions or additional investments to fuel the company's expansion.
Furthermore, Ahnlab intends to augment its overseas sales to 30 percent by 2035, up from the current 10 percent.
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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