Pasoo Achieves Profit Turnaround with Record Highest Sales Last Year

[Asia Economy Reporter Hyungsoo Park] Fasoo achieved its highest-ever performance last year on a consolidated basis.

Fasoo announced on the 13th that its sales last year reached 42.25 billion KRW, an increase of 5.84 billion KRW compared to the previous year. Operating profit and net profit were 4.3 billion KRW and 3.95 billion KRW, respectively.

Fasoo analyzed that the improvement in performance was due to increased demand for security solutions driven by the expansion of remote work and the growing need for data security system enhancements. Overseas sales and sales of new solutions, including personal information de-identification solutions, also increased.

Cho Gyugon, CEO of Fasoo, said, "Last year, Fasoo's data security segment sales increased by 25% compared to the previous year, driving the overall growth of Fasoo's performance," adding, "The order volume last year grew significantly compared to the previous year."

He continued, "Demand for security solutions is also continuously increasing due to security threats," and added, "This year, we will continue on the growth path following last year."

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