CEO has high hopes for Hancom

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CEO has high hopes for Hancom

With recent signs of a comeback for Hancom, which was mired in a slump after its initial success in the 1990s, CEO Lee Hong-goo said the company plans to reach 1 trillion won ($981.4 million) in sales in 10 years.

Lee offered the ambitious figure while announcing the company’s mid and long-term goals during a presentation Friday on Jeju Island.

The domestic computer software developer is well known for Hangul, its Korean-language word processor.

Hancom’s strategies unveiled on Friday involved the expansion of Mobile Office - an office suite for mobile phone platforms - and the promotion of its cloud platform, Hancom Cube.

The company also plans to launch Netffice, an integrated office program, in the first quarter of next year.

After completing its takeover of the domestic embedded software company MDS Tech last month, Hancom aims to expand overseas through competitive M&As and their synergic effects, according to Lee.

He said Hancom projects that 20 percent of the company’s total revenue will come from abroad by next year.

Only 6 percent of its revenue currently comes from the international market.

“We are expecting approximately 82 billion won in sales this year, 200 billion won next year and 1 trillion won in the next 10 years,” said the Hancom CEO.

“With the new agenda, we will try our best to solidify our stance in the IT industry as a global innovative IT firm.”

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