[Featured Stock] Fasoo Benefits from Data 3 Laws and Untact... Performs Government 'Big Data Support Project'

[Asia Economy Reporter Park Hyungsoo] Fasoo is showing strong performance. The passage of the Data 3 Act and the expectation of benefits from the spread of remote work seem to be influencing the stock price.

As of 10:34 AM on the 23rd, Fasoo is trading at 4,075 KRW, up 14.47% from the previous day.

Jaeil Park, a researcher at Kiwoom Securities, introduced, "With the passage of the Data 3 Act in January this year, a foundation was established to utilize personal information in a pseudonymized form," and added, "In 2016, Fasoo launched Korea's first personal information de-identification solution."

He continued, "Following the confirmation of the Ministry of Science and ICT's ‘Big Data Support Project’ last year, sales are planned to the platform managing institutions and centers," and "This year, the focus will be on obtaining certification from the personal information de-identification certification body."

Additionally, he emphasized, "Once data trading is activated, substantial sales will begin."

Researcher Park also predicted, "Due to COVID-19, remote and telecommuting work trends are expanding," and "Even after COVID-19 subsides, remote and telecommuting work will be more active than before COVID-19."

He stated, "Most companies maintain security through VPNs, but in the case of VPNs, response speed is slow when infected by viruses," and expressed expectations that "the number of companies adopting Fasoo's enhanced data security solution products will rapidly increase."

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