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AI & Enterprise

Fasoo AI posts 1 billion won operating profit in Q2, returns to black

Fasoo AI said on Thursday it posted second-quarter revenue of 13.13 billion won and operating profit of 1.01 billion won. Revenue rose 22.7 percent from a year earlier and operating profit swung to a profit from a 940,000,000 won loss. Net profit also turned positive at 1.05 billion won. The company cited expanding AI business and higher data protection demand. First-half revenue rose 15.7 percent, while the operating loss narrowed to 1.01 billion won.

AI & Enterprise

First-half cyber intrusion reports up 20 percent in South Korea as DDoS and ransomware surge

Reports of cyber intrusion incidents in South Korea rose about 20 percent in the first half of 2026 from a year earlier, a government report showed. The Korea Internet & Security Agency received 1,236 cases, up 19.5 percent, as DDoS attacks and ransomware increased sharply. The ministry and KISA also flagged threats linked to the spread of generative AI, open-source supply-chain attacks, and data leaks exploiting APIs and stolen accounts.

AI & Enterprise

Sparrow registers \'Sparrow Enterprise\' app security testing solution with Korea procurement platform

Sparrow, an application security company, said on July 13 it registered its integrated application security testing solution, Sparrow Enterprise v1.0, on the Korea Procurement Service digital services mall. The company said the product provides source code vulnerability and quality defect analysis, web vulnerability analysis, and open-source vulnerability and licence analysis in a single environment. It also supports automated analysis through integration with development environments such as CI/CD.