Innocean Announces Mid-to-Long-Term Business Strategy... "Targeting 1 Trillion KRW Revenue in 3 Years"

'C.D.M.' 3 Major Keywords Focused
Blueprint to Achieve Operating Profit of 220 Billion KRW
Plan for '1:1 Free Capital Increase' Next Month

Innocean announced its mid- to long-term business strategy on the 26th, aiming to achieve a gross profit of over 1 trillion KRW and an operating profit in the 200 billion KRW range by 2026.

Lee Yong-woo, CEO of Innocean. [Photo by Innocean]

The day before, Innocean held the ‘2023 Innocean Analyst Day’ at the Conrad Hotel in Yeouido, Seoul, presenting its future growth direction, business goals, and strategic plans. At the event, Innocean emphasized its goal to reach a gross profit of 1.3 trillion KRW, an operating profit of 220 billion KRW, and earnings per share (EPS) of 6,700 KRW by 2026. These figures represent increases of 70%, 61%, and 90%, respectively, compared to the previous year. Lee Yong-woo, CEO of Innocean, stated, “The advertising market is showing steady growth due to the increase in emerging brands, rapid growth of the online advertising market, and diversification of content delivery devices. In this environment, it is important for Innocean to achieve phased growth through clear goal setting.”

To achieve these business goals, Innocean plans to further develop the three key themes announced last year, known as ‘C.D.M’. C (Creative & Contents) stands for ‘building a creative value chain and developing future-oriented content,’ D (Digital & Data) means ‘accelerating digital transformation and advancing data business,’ and M (Meta & Mobility) refers to ‘entering mobility-specialized service sectors and enhancing EV charging-related services.’

Innocean announced a mid-to-long-term business strategy aiming to achieve a gross profit of 1.3 trillion KRW and an operating profit of 220 billion KRW by 2026. The photo shows a graph representing the mid-to-long-term growth targets for 2026 and future business strategy plans expressed through the three key words of 'C.D.M.'
Photo by Innocean

Innocean also presented its financial strategy. It plans to invest 500 billion KRW in domestic and international mergers and acquisitions (M&A), equity investments, strengthening competitiveness in existing businesses, and expanding its global network. Additionally, it pledged efforts to enhance shareholder value, expressing that “earnings per share (EPS) will reach 6,700 KRW by 2026.” Innocean’s EPS last year was 3,530 KRW. Regarding specific measures to enhance shareholder value, it proposed implementing a ‘1-for-1 bonus share issuance.’

Meanwhile, marking its 18th anniversary this year, Innocean recorded a gross profit of 765.1 billion KRW, up 14.4% from the previous year, and an operating profit of 136.9 billion KRW, a 0.9% increase as of last year.

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