Lee said that the firm’s main strengths lie in its ability to support diverse operating systems ranging from Windows, iOS and Android for various devices. The company said it would focus on product diversification to expand globally, as well as strengthen mobile and cloud computing while seeking new opportunities in the e-book market. Investors have responded positively and the outfit’s market capitalization has increased by 257.4 billion won over the past year from 2010 February, as the stock price more than tripled during the period.ĭespite the relentless efforts of MS Office to take up more of the local market, Hancom has continued to account for 20 percent of it, as of last year. The firm is targeting 64.3 billion won in sales and 23 billion won operating profit for this year.
HANCOM OFFICE S SOFTWARE
Last year the software company marked record-high sales of 57.3 billion won and saw operating profit grow by 80 percent to 21.4 billion won. Hancom was once the pride of the Korean technology industry, succeeding in protecting the office software market from Microsoft although it was not without turmoil in management afterwards. We hope to be the first Korean software company to forge success in the global market.” ``Hancom is now focusing on the future, preparing diverse strategies to lead IT trends. “Hancom recorded a 21 percent increase in sales last year, thanks to the high growth in mobile offices and continuous growth of the office software market,’’ Hancom CEO Lee Hong-goo told a press conference on Monday. It cites flexibility supporting diverse operation systems as its main strength.
Hancom, one of the few survivors in the software industry that withstood the infiltration of MS Office, is quickening steps to increase its share in the global office software market.
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