[Interview] HN Security CEO Han Sang-jun "We Will Grow the Authentication and Security Market... Targeting IPO in 2026"

[Asia Economy Reporter Kang Nahum] "Our goal and dream is to develop highly efficient biometric authentication and motion detection solutions that help citizens establish self-security at a cost of just a few thousand won per month."

Han Sangjun, CEO of HN Security, expressed his ambition in an interview with Asia Economy on the 28th to expand the market for unmanned self-security technology compatible with mobile and IoT devices.

HN Security is a company that develops and supplies advanced biometric authentication devices and smart IoT products, which are core solutions necessary for building smart offices, smart homes, and smart cities. In particular, the contactless palm vein (Palm Vein·PV) system is gaining attention as a key self-entry security and authentication solution in the market due to its fast recognition and convenient usage. The PV recognition technology works by bringing the palm close to a reader sensor installed on front doors or various entrances without physical contact for recognition.

CEO Han explained, "HN Security's contactless biometric access control system boasts the highest level of security by applying the latest palm vein recognition technology," adding, "It is also compatible with mobile and IoT devices through our proprietary mobile cloud platform, WEBICS."

◆ All-in-One Palm Vein and RFID Authentication Technology = On this day, CEO Han introduced a new access control product, ‘WEBICS HIVEN,’ which applies a gesture interface recognizing hand movements to the existing WEBICS system, a palm vein biometric access control device developed in-house. WEBICS HIVEN maintains the high security and contactless authentication technology of the existing WEBICS Palm while adding visitor QR code recognition and authentication technology compatible with mobile systems.

It features a ‘Stand Alone System’ that allows the device to operate independently even if there are server or network connection issues, and applies a proprietary vein authentication recognition algorithm enabling fast authentication within one second. Additionally, through HN Security’s WEBICS IoT platform, security status can be monitored and controlled in real-time anytime and anywhere.

HN Security’s technology has the merit of being applicable in a wide range of fields such as rental cars, shared vehicles, hotels, and water parks. CEO Han said, "It can be applied in almost all fields requiring identity verification, such as hotels, shared vehicles, and water parks," adding, "Especially for shared vehicles, where real-time identity verification is difficult, it can prevent illegal use of someone else’s driver’s license."

Recently, responding to corporate demand emphasizing document security, HN Security collaborated with Canon to develop a multifunction printer applying PV recognition technology. When using easily duplicated employee IDs or fingerprint authentication for multifunction printers, the risk of document leakage inevitably increases, but PV recognition technology almost perfectly compensates for these shortcomings.

CEO Han explained, "In companies, unauthorized persons may cause leakage issues by printing confidential documents or copying printed documents," adding, "Applying PV recognition authentication systems to printers or multifunction devices can prevent illegal document leakage incidents in advance."

◆ Expected sales of 15 billion won next year... IPO target in 2026 = HN Security achieved its best performance since its founding last year with orders amounting to 5 billion won. The sales target for this year is 6 billion won, with plans to increase it to 15 billion won next year.

CEO Han forecasted that realizing these goals would not be difficult as public sector interest in HN Security’s technology is increasing. He said, "We are currently in contract negotiations as inquiries have come from the Gyeonggi Provincial Office of Education about our products, and since acquiring procurement qualifications from the Public Procurement Service last year, inquiries have also come from the Ministry of National Defense," adding, "As product demand and order amounts grow, the company size will also rapidly expand."

CEO Han continued, "We will continue research to develop more convenient access authentication solutions," and revealed, "We also plan to challenge an IPO (Initial Public Offering) in 2026."

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