'ALYac' antivirus is well-known by ESTsoft, a subsidiary of ZUMinternet is going to intensify their blockchain (distributed storage) business.

ZUMinternet is planning to confirm the agenda at the shareholders' meeting scheduled for the 28th, including ▲Blockchain development and related businesses ▲Development and supply of software based on blockchain ▲Trading and brokerage of crypto-assets based on blockchain to be added to the business purposes. They also plan to add the production and sale of Non-Fungible Tokens (NFT), a technology that attaches 'digital certificates' using blockchain, to their business objectives.

As of the third quarter of last year, more than 90% of ZUMinternet's total sales were accounted for by the search portal ZUM.com. However, recently ZUMinternet has been working to grow into a techfin (technology + finance) company, with the company's catchphrase "Changing the board of financial and content experience".

Indeed, ZUMinternet is currently recruiting new developers for the NFT marketplace and financial affairs in charge of techfin business talents. Previously in November 2020, they acquired a 90.8% stake from ESTsoft in the private equity firm Exponential Asset Management and recorded sales of 2.248 billion Won in the third quarter of last year.

According to the industry, it is reported that in the same year, ZUMinternet supported the company with 3.1 billion Won. Last month on the 9th, Exponential Asset Management expanded its business areas to investment management and investment advisory services.

In September 2020, they also established a joint venture called 'Project Vanilla' with KB Securities. The following year, they launched a mobile stock trading platform named 'Vanilla', named after the company.

Appointed in February last year, CEO Lee Sung-hyun is an experienced stalwart in the financial field, having served as a director at the domestic number one cryptocurrency exchange Upbit's operator Dunamu after stints with Citibank, Bain & Company, and Deloitte Consulting.

ZUMinternet reportedly promised an increase in the compensation limit and the provision of stock options to recruit CEO Lee. The upcoming shareholders' meeting is set to confirm an agenda that awards CEO Lee with stock options for 1,137,245 shares.

The shareholders' meeting will also confirm an agenda to increase the total compensation limit for directors from one billion Won to two billion Won. While there were previously six directors, this time the number has been reduced to four, so the average compensation per person is expected to increase significantly compared to before.

According to the performance disclosed by ZUMinternet on the 25th of last month, a year after CEO Lee took the wheel, the company's operating profit surged by 704.4% compared to the previous year, recording approximately 6.3 billion Won. ZUMinternet explained that the significant increase was due to improvements in profitability as a result of restructuring underperforming businesses.