[Click eStock] "Easywell, Sufficient Factors for Earnings Improvement"

[Asia Economy Reporter Hyungsoo Park] ResearchAlum predicted on the 4th that Easywell would benefit as the government increases the welfare budget.

Choi Seonghwan, Chief Researcher at ResearchAlum, said, "If the government increases civil servant recruitment, the welfare budget will also increase," and added, "The market for Easywell will expand."

He continued, "This year, the growth rate of civil servants will be the highest ever at 2.7%, with an additional 100,000 hires by 2022."

Researcher Choi emphasized, "The government is accelerating the execution of welfare points to stimulate the economy," and "In the second quarter of this year, they signed a memorandum of understanding with KT to develop the ‘KT Local Currency Online Mall,’ enabling growth in new business sectors."

Researcher Choi also analyzed that attention should be paid to the subsidiary Easywellness. He explained, "Following about 20 orders in the first quarter, around 30 orders were received in the second quarter from companies such as KakaoBank, Samsung Life Insurance, and Nexon."

Additionally, he said, "The Udo Theme Park project, which started with an investment of 14.2 billion KRW in March 2018, is also worth noting," and added, "The subsidiary Next Island owns land in Udo."

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