Polaris Office Sees 90% Surge in Operating Profit Year-on-Year... Accelerates Future Growth with OpenAI BAA and Affiliate Synergy

원본보기 아이콘

Polaris Office achieved record-breaking performance last year, accelerating its growth strategy by expanding the 'Vertical AI' ecosystem.

On March 17, Polaris Office announced that, on a consolidated basis, it recorded sales of 324.2 billion won and operating profit of 9.1 billion won. Compared to the previous year, sales increased by 17.4% and operating profit by 89.9%, achieving both external growth and improved profitability.

The company explained that the main drivers behind this growth were the enhancement of AI features in its core office software business and improved performance from its subsidiaries. In particular, Polaris Uno led overall results with a 27.1% year-on-year increase in sales, driven by the expansion of its global distribution network in regions such as Africa and the United States.

Polaris Office is also focusing on expanding its AI business to secure a foundation for future growth. A notable example is its recent signing of a Business Associate Agreement (BAA) with global AI company OpenAI. Through this agreement, the company has laid the groundwork for entering global AI healthcare and enterprise markets, where security requirements are high.

The group is also expected to accelerate the expansion of synergies between affiliates. With the full-year performance of recently acquired HandySoft to be reflected starting this year, the company plans to establish a one-stop response system for AI and digital transformation (AX·DX) demands from corporate and public sector clients through collaboration with its subsidiary Polaris Cloud.

Affiliate Polaris AI is strengthening its partnership with global public safety company Axon, expanding its range of products introduced in Korea. The company also plans to provide AI security solutions to the public safety sector-including defense, police, and fire services-by building an on-device AI environment based on edge computing.

A company representative stated, "The core of our group strategy is to strengthen the competitiveness of our affiliates and reflect corporate value in the market through continuous growth," adding, "Building upon this trend of improved results, we will also implement shareholder value enhancement policies to ensure the market gives us fair recognition."

Meanwhile, Polaris Group comprises a diverse industrial portfolio including IT, manufacturing, chemical, and pharmaceutical companies such as Polaris Office, Polaris Sewon, Polaris Uno, Polaris AI, Polaris AI Pharma, and HandySoft. The group plans to reinforce its growth foundation through a 'Vertical AI' strategy that integrates AI technology with domain-specific data from each industry.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.