Lingnet wins 10 billion KRW IT integration project from Korea Securities Depository

RingNet announced on the 24th that it has won a 10 billion KRW scale network and information security system integration project from the Korea Securities Depository.

This project aims to integrate the IT infrastructure and strengthen information security at major nationwide bases of the Korea Securities Depository (including the Busan headquarters, Seoul office, Gwangju, Daegu, and four other locations). RingNet plans to carry out stable IT system operations and technical support starting in 2025. The Korea Securities Depository is a key institution in securities finance. Winning this project holds symbolic significance in the public financial sector.

Through this contract, RingNet reaffirms its technological capabilities in the public financial market and plans to enhance its competitiveness based on network integration solutions and information security expertise. CEO Lee Jeong-min stated, “Winning this project is a result of RingNet’s technology and trust being recognized once again,” adding, “We will continue to lead IT innovation in public finance and do our best to achieve sustainable growth and increase shareholder value.”

Meanwhile, RingNet announced a dividend of 240 KRW per share for 2024, achieving a shareholder return rate of 35% and a dividend payout ratio of 30%. This is three times the previous year’s 81 KRW (adjusted for bonus shares) and more than twice the industry average.

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