Raonsecure, an artificial intelligence (AI) security and authentication platform company, is canceling treasury shares worth 1.24 billion won ($870,000).
The company said Wednesday that it will cancel 99,346 treasury shares, valued at approximately 1.24 billion won. The cancellation is intended to enhance per-share value by reducing the number of outstanding shares.
Raonsecure has been strengthening its recurring revenue base by shifting toward a platform-centered business structure. The company is entering a growth phase as demand for security and authentication expands, driven by the government's mandate on multi-factor authentication (MFA), the legislation of mobile IDs, and policies for the transition to post-quantum cryptography. As a result, the company posted its highest annual revenue since its founding last year.
Raonsecure plans to solidify its technology leadership in agentic AI-based security automation platforms, post-quantum cryptography (PQC), and digital ID-based authentication businesses, while preemptively responding to next-generation security and authentication demand. In the global market, its biometric authentication platform in Japan has secured more than 10 million monthly active users (MAU).
"This treasury share cancellation is part of our value-up initiative to enhance shareholder value and strengthen market confidence," a Raonsecure official said. "We will continue to raise corporate value based on stable business performance and growth strategies, and maintain our business approach of growing together with shareholders."
