South Korean Software Undervalued over 20% based on DCF

Samsung SDS

Market Cap: ₩12.0t

Provides cloud and digital logistics platform-based logistics services in South Korea, China, rest of Asia, the United States, Europe, and Africa.

LG CNS

Market Cap: ₩6.5t

Operates as an IT service company in South Korea and internationally.

Hyundai Autoever

Market Cap: ₩4.1t

Provides information and communication technology services in South Korea and internationally.

Hancom

Market Cap: ₩613.9b

Develops and sells office software products and solutions in South Korea and internationally.

AhnLab

Market Cap: ₩611.5b

Provides information security solutions and services for consumers, enterprises, and small and medium businesses worldwide.

EMRO

Market Cap: ₩580.3b

Provides supply chain management software in South Korea and internationally.

Genians

Market Cap: ₩165.4b

Provides network access control (NAC) solutions for securing various endpoints in organizations worldwide.

Finger

Market Cap: ₩124.2b

A fintech company, provides digital financial solutions.

Raonsecure

Market Cap: ₩117.4b

Provides mobile and IoT integrated security solutions.

Twim

Market Cap: ₩59.9b

Engages in the application software development business.

IGLOO

Market Cap: ₩57.6b

Provides security management solutions and services in Korea.

KineMaster

Market Cap: ₩35.3b

Engages in the development of multimedia software for mobile devices in South Korea.