Daou Technology Inc.

Daou Technology Inc. (Korean: 다우기술, KRX: 023590), Republic of Korea, is a public multinational company that specializes in marketing communication and commerce products and services, applications for enterprise, and IDC including IT consulting service. Daou Technology was founded in 1986 by Kim Ik-Rae, who played a leading role in the advancement of database management system and web technology by localizing Informix RDBMS software and Netscape web browser for the first time in 1995. An initial public offering (IPO) took place in Korea Stock Exchange on August 27, 1997, and Daou Technology announced plans to expand its business into the finance industry. In January 2000, the company set up an online stock brokerage service, Kiwoom Securities (Korean: 키움증권, Kiwoom Securities Co., Ltd., KRX: 039490), the company's most notable effort to become the nation's first online brokerage provider. Daou Technology has been a parent company since Kiwoom Securities' establishment, and possesses 47.7 percent of stake in the ownership of Kiwoom Securities as of the end of FY2017. Entering 2000, the company focused on software and IT consulting services to improve profitability as profit margins of the hardware business had fallen. It established partnerships with global software companies such as IBM, VMware, Citrix, and Red Hat, providing technical support in areas including cloud computing, virtualization, open source, and SaaS (software as a service). The company merged with Unitel Network, which was an affiliated company, to secure web services, and supplied services such as PPurio, enFax, Minisum, DaouPay, Unicro, DonutBook, SmartPush and DCSms. In 2010, the company developed SmartProcess, its own CRM service, and Team Office, designed for cooperation and communication. The company moved its headquarters to Jukjeon Yongin, named the Digital Valley, in 2010. The company's rapid growth has triggered a chain of own products, acquisitions, and partnerships. It offers marketing communication products...