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Cocktail.io appoints Namutech vice president Cho Jae-woo as new CEO

Virtualisation and cloud company Namutech said on April 8 it appointed Cho Jae-woo, a vice president at Namutech, as chief executive of its subsidiary Cocktail.io. Cho has led Namutech’s cloud business and sales organisation since 2010, driving major project wins and business expansion. Cocktail.io plans to use his field-focused management experience to strengthen market responsiveness and expand orders in hybrid cloud and AI.

AI & Enterprise

MegazoneCloud posts 1.75 trillion won in 2025 sales, returns to operating profit

MegazoneCloud said on Monday it returned to profitability on an annual basis. The AI and cloud company said 2025 consolidated revenue rose 27.9 percent from a year earlier to 1.75 trillion won, with net income of 8.2 billion won. It also posted adjusted EBITDA of 20.8 billion won, including stock-based compensation costs. The company said AWS-related business grew steadily and Google Cloud and Google Workspace revenue topped 200 billion won on an annualised run-rate basis.

AI & Enterprise

ITCEN CLOYIT wins merit award for Hwaseong AI Autonomous Driving Hub

Cloud-native specialist ITCEN CLOYIT said on Wednesday it won a merit award at last month’s opening ceremony of the Hwaseong AI Autonomous Driving Hub, in recognition of its contribution to building infrastructure for an autonomous-driving mobility operations platform. The company said it applied hybrid cloud technology to process large volumes of traffic and autonomous-driving data in real time, securing scalability and ultra-low latency. It said the hub will test eight public-sector autonomous-driving services.