South Korean Software Undervalued over 20% based on DCF

Samsung SDS

Market Cap: ₩11.8t

Provides cloud and digital logistics platform-based logistics services in South Korea, the America, Europe, Asia, Africa, and China.

Cafe24

Market Cap: ₩620.2b

Operates an e-commerce platform worldwide.

Hancom

Market Cap: ₩456.5b

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

GaeaSoft

Market Cap: ₩107.8b

Operates as an IT service and digital marketing company in South Korea.

Raonsecure

Market Cap: ₩93.4b

Provides mobile and IoT integrated security solutions.

Synapsoft

Market Cap: ₩55.7b

A software as a service company, develops, distributes, and sells digital document and document processing software in South Korea and internationally.

FORCSLtd

Market Cap: ₩51.6b

Provides enterprise e-form and reporting solutions in South Korea and internationally.

MICUBE Solution

Market Cap: ₩39.1b

Provides digital transformation solutions for manufacturing sites.

Plantynet

Market Cap: ₩34.1b

Provides a network blocking service for blocking harmful Internet content in South Korea.

KineMaster

Market Cap: ₩25.7b

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

SSR

Market Cap: ₩20.0b

Provides integrated information security consulting, and IT solution development and maintenance services for public institutions, finance and other companies, educational institutions, and hospitals.