[THE INVESTOR]  Minwise’s operating profit in the third quarter is estimated to reach 4.1 billion won (US$3.6 million), 58 percent higher on-year and revenue will soar 45 percent to 9.6 billion won to hit a new high, Shinhan Investment reported on Oct. 21.

The volume of subscribers to the firm’s major services related to mobile security, online payment and web login has been increasing at a steady rate. The total number of subscribers by the end of third quarter amounted to approximately 4.4 million, 3 percent higher compared to last quarter. 


“On the company’s annual performance in 2016 we expect sales to reach 36.5 billion won and operating profit to come in at 15.4 billion won. Its services will continue to attract more subscribers and the firm’s mobile payment services, along with an array of new services such as real estate registration alert, will be key contributors to its revenue,” said the securities firm.

Shinhan added that the cyber securities firm is eyeing to enter the Chinese market by 2016, equipped with its PC-Mobile synchronization note-taking application app SMemo.


By Jung Min-kyung (mkj1105@heraldcorp.com)