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Hancom's 2016 sales top 100 bln won for first time

All News 11:30 February 06, 2017

SEOUL, Feb. 6 (Yonhap) -- Hancom Inc., a South Korean software maker, said Monday that its sales for 2016 breached the 100 billion won (US$87.8 million) mark for the first time since the company's foundation in 1990.

The homegrown software firm said its annual sales came to 101.2 billion won last year, a 19.2-percent jump from a year earlier. Operating profit also increased 4 percent on-year to 29 billion won.

Hancom, well-known among South Koreans with its mainstay word processing computer software based on the Korean language, has steadily improved its operating performance since logging an annual sales of 50 billion won in 2011.

The company, which has stood as a competitive and viable rival here to U.S. giant Microsoft Corp., said it aims to focus on five new emerging markets through enhancing marketing toward local business consumers this year.

Hancom's latest Neo, rolled out in January 2016, is compatible with Microsoft Word files and comes with an automatic document translation feature as well, officials said.

The company also released a translation app called "Genie Talk" that is capable of translating between Korean, Japanese, English, Chinese, Spanish, French, German, Russian and Arabic.

Hancom's 2016 sales top 100 bln won for first time - 1


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