[Click eStock] "Igleu Benefits from Government's AI Security Service Development Commitment"

On the 30th, KB Securities analyzed that Igloo's AI growth momentum is gaining attention in line with the government's commitment to fostering information protection and the security industry.

Since its establishment in November 1999, Igloo has grown into a leading company providing integrated security management (SIEM) solutions and security monitoring services.

Currently, it has launched the first AI security management solution in the domestic market and is advancing its business into integrated security monitoring, OT security, and cloud security.

On September 5th, the Ministry of Science and ICT announced the 'Strategy to Secure Global Competitiveness in the Information Protection Industry,' establishing a roadmap for security paradigm shifts such as zero trust and integrated security, and released Zero Trust Guidelines 2.0. Additionally, it plans to promote pilot projects for security paradigm shifts in key foundational sectors and invest a total budget of 1.1 trillion KRW to achieve a market size of 30 trillion KRW by 2027.

Hyunkyum Kim, a researcher at KB Securities, stated, “Attention should be paid to Igloo, which is equipped with AI growth momentum amid the government's security paradigm shift and the generative AI era.” He analyzed, “Igloo’s AI detection model service ‘AiR,’ launched at the end of July, is a security-specialized AI that integrates Igloo’s AI technology, combining ‘Chat GPT’ and its own capabilities to provide hybrid information. This is expected to enhance security services and gradually reduce labor costs.”

Furthermore, Igloo signed an MOU with POSTECH in July and is expanding its security business in the shipbuilding and maritime sectors by supplying ‘Spider OT for Maritime,’ providing an integrated ship security management solution that complies with URE26 and 27 regulations. This expansion into new business areas is also attracting attention for its growth potential.

Additionally, he noted, “Global expansion is accelerating due to reopening, and in July, Igloo successfully secured a $3.5 million contract with the Kyrgyzstan National Cybersecurity Center.” He forecasted, “The business will expand centered on KOICA (Korea International Cooperation Agency) partner countries, while also extending into North America, Latin America, and Southeast Asia.”

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