[Featured Stock] Fasoo.com Gains Attention as Key Remote Work Solution Amid COVID-19 Crisis

[Asia Economy Reporter Hyungsoo Park] Fasoo.com, which has changed its company name to Fasoo, is showing strong performance. It appears that the recent increase in companies adopting remote work due to the novel coronavirus disease (COVID-19) outbreak has boosted interest in Fasoo.com's 'Wrapsody,' influencing its stock price.

As of 9:21 AM on the 31st, Fasoo.com is trading at 3,700 KRW, up 14.91% from the previous day. The stock price has been on an upward trend for six consecutive days since the 24th.

Earlier, on the 17th, Fasoo.com supplied Wrapsody to Samyang Group.

Wrapsody is a next-generation document security management solution that supports safe and efficient document management and protection. It allows users to monitor document usage history and flow anytime and anywhere.

When a document with Wrapsody applied is shared for the first time, it automatically synchronizes to the latest version upon viewing, regardless of where the document is stored?whether on a PC, work system, or email. Each time the document version is updated, users can check the latest document without saving copies or sharing separately. Passwords are applied when creating documents, and with access control and audit trail features, it perfectly counters cyber threats such as document leaks or hacking caused by user mistakes or intentional acts.

Wrapsody provides an environment where important documents can be safely and conveniently worked on not only within the company but also externally, such as at home. It has recently been recognized as a core solution for remote work amid the prolonged COVID-19 pandemic.

With Wrapsody applied, documents are automatically backed up on the server by version from the moment they are created. In case of a ransomware attack that randomly encrypts documents stored on a PC, making them unusable, all documents can be recovered with a single click. Wrapsody can also be used as a ransomware response solution.

Joo Kyugon, CEO of Fasoo.com, stated, "Demand for Wrapsody has greatly increased due to the transition to remote work amid the recent COVID-19 situation," adding, "Through Wrapsody, users can experience not only efficient collaboration but also smart document security and management."

Samyang Group introduced Wrapsody to advance its document security system. This is a case where the group removed a third-party DRM solution they had been using and replaced it with Wrapsody.

This content was produced with the assistance of AI translation services.