The stock was trading at 2,990 won ($2.15), up 30 percent from the previous close Tuesday, according to the Korea Exchange.
Trading resumed after the company reduced the number of outstanding shares to 6.29 million from 31.45 million. While the capital reduction did not change the company's underlying value, investor sentiment was supported by expectations that the move would help improve shareholder value following a prolonged decline in the stock price.
The company said inquiries from domestic and global technology companies have increased after The New York Times sued OpenAI for using its copyrighted articles to train AI models without permission. The case has prompted AI companies to place greater emphasis on licensing news content from publishers to reduce legal risks.
The company is also stepping up efforts to boost shareholder value. Chief Executive Officer Im Kyoung-hwan, the company's largest shareholder, plans to increase his stake by about 3 percent through open-market purchases. BECUAI will also hold an investor relations presentation hosted by the KOSDAQ Association on Aug. 10 to introduce its business and growth strategy to institutional investors, shareholders and the media, according to a Korea Exchange filing.
Founded in 1998, BECUAI supplies licensed news, video and image data used to train AI models. It also develops AI software and services for corporates, including Samsung Electronics, LG, SK Telecom and KT.
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