Hancom Group has acquired a local firm InSpace Co. to tap deeper into satellite-related services and drone businesses.
The group did not reveal the value of the deal.
Hancom, South Korea's leading office software developer, plans to combine InSpace's drone technology with its internet of Things (IoT) and autonomous driving solutions to launch a drone service platform.
InSpace's drone technology is useful for pursuing businesses like drone charging and training programs.
InSpace also develops satellite ground station solutions.
Hancom had previously announced that it would put up a drone flying academy in South Korea in cooperation with Chinese drone maker DJI.
Hancom also hopes to take part in the country's smart city projects.


Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance
Berkshire Hathaway Q1 Earnings Jump 18% as Greg Abel Signals Disciplined Growth Strategy
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
Supreme Court Asked to Reinstate Mail-Order Access to Abortion Pill Mifepristone
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 



