[Click eStock] "Wise ITEC Expected to Benefit from New Government's Digital Economy Vision"

KB Securities Report

[Asia Economy Reporter Minji Lee] KB Securities analyzed on the 18th that WiseAitek is expected to benefit from the new government's digital economy vision.

WiseAitek is a big data-based artificial intelligence (AI) solution specialist company. Its main products include the AI development platform 'WiseProfit,' which can be applied to various industries without coding, and the big data analysis tool 'WiseIntelligence' for effective business decision-making.

WiseAitek recorded sales of 34 billion KRW and operating profit of 5.8 billion KRW last year, growing 37% and 57.8% respectively compared to the previous year. Net profit also increased by 20% to 4 billion KRW, marking an all-time high performance.

Researcher Sang-guk Lim of KB Securities said, "This is the result of WiseAitek's technological capabilities and product competitiveness in a favorable environment such as the increasing number of users utilizing AI platforms and big data tools," adding, "Operating profit showed a high average annual growth rate of 51% from 2017 to 2021."

WiseAitek is expected to receive substantial benefits related to the new government's digital economy pledges. The development of the AI industry, software industry, and digital infrastructure are part of the digital economy ecosystem. Researcher Lim said, "The first domestic localization of AI development platforms and big data analysis software, along with excellent references such as various national projects worth 24 billion KRW, are outstanding," and analyzed, "The government's active digital transformation policy is approaching as an opportunity."

Growth in AI and big data-related markets and customer diversification are also positive. Customers can achieve personalized learning, prediction, cost and budget reduction, energy efficiency, and effective decision-making through these tools. Users and customers are expanding into finance, public sector, industry, and educational content.

Growth in new business sectors is also anticipated. WiseAitek plans to launch the metaverse 'Dashboard' and the metaverse experience platform 'MaxPro,' which, based on VFX technology and deep learning, enable real-time communication, meetings, emails, and approvals in metaverse environments and can also be utilized in the public sector.

Researcher Nam-guk Lim said, "However, the company holds convertible bonds worth 12 billion KRW and 992,555 convertible shares (about 15.9% of the circulating shares)."

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