[Market Focus] ITCenEntech Rises on Major Contract Win

As of 9:25 a.m. on August 13, shares of ITCenEntech, a comprehensive IT services provider, were trading at 1,102 won on the KOSDAQ market, up 5.96% from the previous closing price. This appears to be due to the announcement made the previous day regarding a supply contract worth 44.1 billion won with the Defense Acquisition Program Administration.

On August 12, ITCenEntech disclosed that it had signed a contract with the Defense Acquisition Program Administration for a minor performance upgrade of a brigade-level scientific combat training system, valued at 44,172,727,273 won. This amount accounts for 9.99% of the company’s recent revenue. The contract period runs until August 11, 2027.

Formerly known as Ssangyong Information & Communications until the end of last year, ITCenEntech is a comprehensive IT services company that fully supports clients’ digital transformation (DX). The company primarily offers SI, ITO, and ABCX (Artificial Intelligence/Big Data/Cloud Transformation) services. From 2022 to 2024, it has maintained a leading market share in public sector projects worth over 4 billion won.

In the manufacturing, logistics, and service sectors, ITCenEntech provides information system construction and ITO services to prominent clients across industries, including Samsung Electronics, Hyundai Mobis, Hyundai Glovis, and Donghaeng Lottery. The company stated, “There are ample opportunities to pioneer markets across the public, manufacturing, logistics, and service sectors, and starting this year, we have established a Financial Business Division to enter the financial SI and ITO markets as well.”

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