Bespin Global announced that its Korean subsidiary achieved break-even point (BEP) and returned to profitability in 2024 based on adjusted EBITDA (earnings before interest, taxes, depreciation, and stock-based compensation). This achievement is seen as a tangible result of strategic business restructuring centered on the AI MSP business and revenue diversification efforts, despite the macroeconomic downturn.
Bespin Global's Korean subsidiary achieved break-even in 2024, returning to profitability based on revenue growth. In July, the company reorganized its organization to focus on its AI MSP business, strengthening customer-tailored services through the convergence of AI and cloud technologies. This effort aims to improve business productivity and cost efficiency. A key achievement is the expansion of "HelpNow AI," an LLM-based AI agent platform. Currently, the company is developing a generative AI service specialized for nuclear power plants for Korea Hydro & Nuclear Power and establishing a generative AI teaching and learning platform for the Ulsan Office of Education. Furthermore, the Seongdong-gu Office in Seoul is piloting the "Seongdong-type Smart AI Civil Complaints Chatbot."
With the Korean subsidiary's recent turnaround, Bespin Global has further solidified its goal of establishing itself as a leader in AI-driven digital innovation. By 2025, the company plans to actively pursue AI services and solutions across diverse industries, including energy, public sector, education, manufacturing, mobility, finance, tourism, and customer service.
“This turnaround to profitability is an encouraging result of our transition to the AI MSP business and our customized customer services,” said Heo Yang-ho, CEO of Bespin Global Korea. “Bespin Global will continue to strengthen cooperation with domestic and international customers and partners, and solidify its position as a leading AI-centric, next-generation digital transformation (DX) company.”
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