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AI & Enterprise

Security has no \'SaaSpocalypse\' as earnings surprises continue

A \"SaaSpocalypse\" scenario suggesting AI could erode or eliminate traditional software is still discussed in tech, but security appears relatively insulated. Many security companies are reporting results that beat expectations. Okta and CrowdStrike lifted annual outlooks after strong quarterly earnings, sending their shares higher in after-hours trading. In South Korea, a Ministry of Science and ICT project to develop a cyber security-focused AI foundation model is proceeding as a two-way race.

AI & Enterprise

Hanssak swings to profit in Q2 on broader security portfolio and business diversification

Hanssak said on Sunday it swung to a profit in the second quarter on both separate and consolidated bases, citing an expanded security-solution portfolio and business diversification. Separate second-quarter revenue rose 39 percent to 6.4 billion won and operating profit was 1.3 billion won, versus an operating loss a year earlier. Consolidated revenue increased 44 percent to 7.6 billion won and operating profit was 800 million won.

AI & Enterprise

Korean security industry pushes AI deployment as M&A gains momentum

Korean security companies are stepping up AI-related moves as the global security market reshapes around AI. East Security is launching an endpoint detection and response product linked to LG AI Research’s K-EXAONE model and signed an MOU with FuriosaAI. Theori supplied an AI-based penetration-testing tool to Woori Financial Group, and Cluocus is accelerating AI security efforts. M&A is also emerging, with Nets acquiring API security firm Softfreak.