[Click eStock] "Pasoo, Growth of De-identification Solutions in the MyData Era"

[Asia Economy Reporter Hyungsoo Park] NH Investment & Securities forecasted on the 26th that Fasoo's sales of de-identification solutions will increase with the advent of the MyData era.

Sehoon Son, a researcher at NH Investment & Securities, explained, "In line with the enforcement of the Data 3 Act and the arrival of the MyData era in Korea, Fasoo launched the country's first de-identification solution last year."

He added, "Besides Fasoo, companies operating de-identification solution businesses in Korea include EasyCert and Penta Security Systems," and "Fasoo has implementation records with Lipam Center, Financial Security Institute, BC Card, etc."

Furthermore, he emphasized, "De-identification is necessary to enhance the usability of data obtained through MyData," and "The value of data held by MyData companies inevitably varies depending on its quantity and utilization."

Researcher Son analyzed, "Assetization of data is important," and "To turn data obtained through MyData into corporate assets and increase its usability, de-identification that converts data into pseudonymous information is necessary."

He continued, "As the number of companies receiving MyData licenses increases recently, inquiries about supply and consulting for de-identification solutions are surging."

Fasoo is estimated to achieve sales of 53 billion KRW and operating profit of 11.3 billion KRW next year. This represents an increase of 17.5% and 107.1% respectively compared to this year's estimates.

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