Hancom (030520.KS) has set a target to surpass 200 billion won ($140 million) in standalone revenue for the first time since its founding this year. The move is seen as aiming to accelerate structural changes in earnings, with artificial intelligence (AI), subscription services, and overseas business simultaneously driving external growth while maintaining the stable cash-generating capacity of its existing office software business.
Hancom announced through a regulatory filing on the 20th that it has set management targets of 210 billion won in standalone revenue and 60 billion won in operating profit for this year. These figures represent increases of 20% and 18%, respectively, compared to last year's standalone revenue of 175.3 billion won and operating profit of 50.9 billion won. The operating margin stands at around 30%. If Hancom surpasses 200 billion won in revenue on a standalone basis, it will mark the first such record since the company's founding.
Hancom plans to significantly increase revenue from its Non-Office segment first. The company aims to raise that segment's revenue to 50% of total revenue. The approach involves layering AI, cloud, and software-as-a-service offerings on top of the existing installed package-centered revenue structure that serves as a stable cash cow. The intent is to evenly distribute the revenue weight through the expansion of the Non-Office segment.
Actual results are already emerging. Hancom is expanding its AI product supply, centered on the public sector. Products such as "Hancom Assistant," "Hancom Data Loader," and "Hancompedia" have begun to be applied in major public AI projects, while users of the subscription service "Hancom Docs" continue to grow. It is a stable structure in which new revenue is generated additionally while the profit base is maintained.
The company is also expanding its overseas business, centered on the Japanese market. Hancom is expanding its non-face-to-face identity verification (eKYC) business in Japan. It is working to localize biometric authentication-based services tailored to Japanese financial institutions and public sector systems. The company is broadening its scope from a domestic office-centered firm to an exporter of AI application services. It is also pursuing revenue diversification through the global AI market.
The company will also fully launch its "AI Orchestrator" strategy this year, which connects various AI agents to optimize enterprise work environments. The plan is to increase the share of annual recurring revenue (ARR) to reduce earnings volatility and shift its valuation framework to that of a platform company rather than a traditional packaged software company. The service is scheduled to launch in the first half of this year.
"Achieving 200 billion won in standalone revenue and a 50% share of non-office revenue will be a strong signal that Hancom is no longer an office company," Hancom CEO Kim Yeon-soo said. "Beyond being an AI company, through rapid pivoting into an AI Orchestrator that leads the expansion of AI transformation (AX), we will make this a year of a quantum jump in which Hancom's future growth value is properly reassessed."
