Hancom has completed the sale of its subsidiary Hancom InSpace, securing 31.9 billion won in cash. The funds will be used to target the global market and expand its artificial intelligence (AI) business.
On June 18, Hancom announced that it had finalized the sale of 3,094,234 shares of Hancom InSpace.
The amount raised from this sale totals 31,923,321,000 won, achieving a return on investment of 269.87% compared to the total investment of 8.63 billion won. This marks the realization of investment results approximately six years after Hancom integrated Hancom InSpace into its operations, providing resources for future growth initiatives.
Hancom acquired the shares at 3,516 won each and sold them at 10,317 won per share.
Another subsidiary, Hancom With, plans to sell its 719,442 shares (6.2% stake) in Hancom InSpace under similar conditions. The company expects this will further enhance its cash liquidity at the group level.
Hancom has focused on nurturing Hancom InSpace due to the growth potential in satellite, spatial information, and data businesses. The sale not only realizes investment results but also secures resources for expanding next-generation AI initiatives.
Hancom plans to utilize the 31.9 billion won for key investments aimed at entering overseas markets and expanding its global customer base. The company intends to accelerate the acquisition of global clients for its Agentic operating system (OS) business through global beta service operations, expanding overseas partnerships, and identifying local customers.
Kim Yeon-soo, CEO of Hancom, stated, "The sale of Hancom InSpace is a significant achievement that realizes investment results while securing resources for expanding our AI business. We will focus the secured funds on acquiring global customers for the Agentic OS, generating tangible sales and results in overseas markets."
* This article has been translated by AI.
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