[Featured Stock] Fasoo, Rising Demand for Metaverse and NFT Security... Highlighting World's First Commercial DRM Technology

[Asia Economy Reporter Park Hyungsoo] Fasoo is showing strong performance. The expectation that it will benefit from the advent of the MyData and Metaverse era appears to be influencing its stock price.

As of 9:46 AM on the 10th, Fasoo is trading at 11,800 KRW, up 8.76% from the previous day.

Yoon Changbae, a researcher at KB Securities, introduced in a recent report, "Fasoo is a data security company that commercialized digital rights management (DRM) for the first time in the world," adding, "It was established in 2000 after spinning off from Samsung SDS."

He continued, "The company is engaged in data security business that prevents content and information leakage, application security, information protection consulting, and personal information anonymization business," adding, "More than 1,200 domestic and international companies and over 2.5 million users utilize Fasoo DRM solutions."

He emphasized, "We expect continuous growth of DRM solutions and as non-face-to-face work expands, the customer base, which was centered on large corporations and public institutions, is expanding to medium-sized and small enterprises."

Researcher Yoon explained, "As the customer base expands, performance growth due to product upgrades can accelerate," and "With the full-scale launch of the MyData business, demand for anonymization solutions that protect personal information by processing it anonymously or pseudonymously is increasing."

Furthermore, he stated, "From anonymization sales of about 800 million KRW in 2020, sales are expected to expand to approximately 5 billion KRW next year."

Researcher Yoon analyzed, "DRM solutions can also be applied to the Metaverse and Non-Fungible Tokens (NFT)," adding, "Although NFTs themselves can be permanently preserved because they are stored on the blockchain, the actual original digital files carry risks due to hacking or careless management."

He added, "In the Metaverse, just like in the real world, security demand for important documents and digital creations can be applied as is," and said, "Based on the world's first commercialization of DRM and the No.1 market share in Korea, customer inflow related to the virtual world is expected."

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