Capture of the OBZEN homepage

The software development corporation OBZEN soared as it was cited as a beneficiary of the new government's artificial intelligence (AI) policy.

OBZEN's stock was traded at 20,400 won at 9:13 a.m. on the KOSDAQ market on the 16th, rising 29.77% (4,680 won) from the previous trading day, reaching the upper limit of the daily price fluctuation.

OBZEN is a solution corporation that develops enterprise software based on data and AI technology. Since the second half of last year, it has secured contracts with Samsung SDS, KB Securities, and IBK Corporation Bank.

The primary reason for the surge in OBZEN's stock price is the AI pledge of the Lee Jae-myung government. The new government stated it aims to invest 100 trillion won in AI to position Korea among the top three global powers in AI.

Independent research firm Value Finder previously evaluated that OBZEN could become a beneficiary of the AI policy. Lee Chung-heon, the representative of Value Finder, noted, "OBZEN is a profitable corporation among its peer group and has the lowest market capitalization, indicating a significant potential for attention in the future."

However, given the short-term surge in OBZEN's stock price, it is necessary to exercise caution when investing. OBZEN's stock has more than doubled from 9,990 won at the end of last month.