Hancom said on Nov. 12 its AI revenue share rose to 30.7 percent in the third quarter from 13.7 percent in the first half.

Hancom posted third-quarter standalone revenue of 48.3 billion won and operating profit of 9.7 billion won. Revenue rose 9.6 percent from a year earlier and the operating margin was 20.1 percent. On a consolidated basis, revenue rose 9.5 percent to 92.0 billion won. Consolidated operating profit was 9.2 billion won and the operating margin was 10.0 percent.

The company said AI drove growth. Hancom's third-quarter AI revenue was 14.8 billion won, up more than 80 percent from 8.2 billion won in the previous quarter.

Cumulative AI revenue through the third quarter was 28.3 billion won, about three times last year's full-year AI revenue of 8.9 billion won. Revenue from new businesses including AI was 30.9 billion won, up 67.2 percent from a year earlier, and its share of total revenue rose to 64.1 percent.

Hancom is expanding AI revenue based on its existing customer base of more than 200,000. As existing customers continue shifting to AI-integrated products, the company said references for AI transformation, or AX, in the public and industrial sectors are also increasing.

Profitability indicators also improved. Third-quarter cost of sales fell 4.4 percent from a year earlier, while gross profit rose 14.7 percent to 37.0 billion won. Gross margin was 76.6 percent, up 3.4 percentage points from a year earlier.

Hancom CEO Yeon-su Kim (김연수) said, "The third quarter was a quarter that confirmed our growth axis has shifted to AI as the share of AI revenue surpassed 30 percent. Even as we increased investment ahead of the global launch of the AI workspace platform Nomadian, we maintained an operating margin in the 20 percent range." He added, "We will focus the funds secured through the reorganisation of non-core affiliates on Nomadian. Starting with the global launch in March next year, we will expand overseas AI revenue in earnest."