Apps and Fintech Up and Mobile Security Market 'Blue Ocean'

2015.09.02

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Many people use mobile apps and mobile payments. This market has recently shown explosive growth. Along with this, the mobile security market is also emerging as a blue ocean. Reporter Park Soo-yeon provides the report.

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The developer uploads the file of the app he created to the cloud.

If security technology is applied to this file, the source code of the app file is encrypted in just a few seconds.

The developer can safely distribute the app to the market without being exposed to hacking after downloading it.

Thanks to this, the company that developed this technology saw its sales grow by 200% in the first half of the year.

[Interview] Choi Myoung Kyu / CEO of Lockin Company
"Our source code protection function is not a conventional obfuscation, a technology that makes it a little difficult to see, but encrypts the entire source code to provide strong security so that it is absolutely invisible."

Currently, there are more than 3 million apps registered in the Apple and Google stores.

As of the second quarter of this year, the mobile payment market size has grown to KRW 5.72 trillion.

As mobile usage increases explosively, the mobile security market is expected to emerge as a blue ocean.

Domestic companies are also jumping into the market in earnest.

SEWorks developed a mobile hacking security program and entered Silicon Valley in the United States, and AhnLab and LaonSecure are also working on developing mobile vaccines.

In particular, Chinese companies are using Korea as a springboard to accelerate their advance into the Asian market.

Chinese mobile vaccine company 360 Security entered the Korean market in earnest this year, and security software company Bangkl signed an exclusive contract with a domestic game distributor to take the lead in the market.

Since it is possible to enter this market with just technological prowess, there is a high possibility that companies will mushroom in the future.

[Recording] Oh Dong-hwan / Samsung Securities Researcher
"There are many mobile security companies, and their size is small, so in this case, performance seems to change a lot depending on whether or not they win a contract."

It seems that mobile security companies will also move faster along with the market growth.