WAVUS (336060) announced on August 6 that it is accelerating its transformation from a systems integration (SI)-focused company into an AI platform company as part of a new growth strategy centered on artificial intelligence.

 

In a shareholder letter issued by its co-CEOs, the company outlined its mid- to long-term growth strategy and its policy direction for enhancing corporate and shareholder value.

 

Over the past two decades, WAVUS has played a leading role in the digital transformation of South Korea’s geospatial information sector through major national projects, including the Korea Real Estate Administration Intelligence System (KRAS) and the K-Geo Platform.

 

More recently, the company has continued to expand its presence in future growth sectors, securing contracts for the Korea Airports Corporation’s elevated digital vertiport platform and the Korea Electrical Safety Corporation’s enterprise-wide AI transformation, or AX, platform.

 

Despite these achievements, WAVUS believes that its current share price does not fully reflect the value of its assets or its future growth potential. The company has therefore introduced a value-up strategy aimed at repositioning itself in the market not simply as a traditional systems integrator, but as a provider of AI solutions and AI agent services.

 

As part of this strategy, WAVUS plans to expand AI agent services specialized in legal, licensing and regulatory approval processes, based on its proprietary GeOnAI v1.0 platform.

 

The company also intends to enhance GeOnPaaS, its cloud-based geospatial information platform, by adding a broader range of services. Through these efforts, WAVUS aims to enter new markets and diversify its revenue streams.

 

WAVUS will also accelerate the commercialization of major government-funded research and development projects in areas including AI-powered urban safety, digital twins and urban air mobility (UAM) traffic management.

 

Through these initiatives, the company aims to establish a stable business portfolio that is less exposed to economic fluctuations and to strengthen its position as a high-value-added AI platform company.

 

WAVUS also plans to enhance its communication with the capital markets. The company will expand its investor relations function, conduct regular non-deal roadshows and increase engagement with investors.

 

It also plans to broaden its interaction with the media and institutional investors in order to more actively communicate its business performance and growth strategy.

 

The company is also reviewing potential shareholder return measures. Based on the performance of its GeoAI business and continued improvements in profitability, WAVUS plans to establish a mid- to long-term capital allocation framework and implement shareholder return policies in phases.

 

“WAVUS is at a pivotal point in its transformation from a traditional geospatial solutions provider into a leading company in GeoAI and physical AI platforms,” said WAVUS co-CEOs Kim Hak-sung and Park Chang-hoon.

 

“We will make every effort to ensure that the company receives a fair re-evaluation of its corporate value and that this is ultimately translated into share price appreciation.”

 

The strategy is significant in that WAVUS plans to enhance its corporate value by advancing its business structure around AI agents and GeoAI platforms, while simultaneously commercializing the outcomes of government-funded R&D projects and pursuing shareholder return policies.

 

By Jang Hyo-won

specialjhw@asiae.co.kr

 

[Access the original press release]