– Sales grew 37% year-on-year, net profit reached 5.85 billion won
– Strengthening HR solution triangular portfolio and technological competitiveness, positive effect on performance
– Operating three corporate research institutes, accelerating market dominance and growth
Human Consulting Group (CEO Jae-Hyeon Park, hereinafter HCG), a leading HR tech company, announced that it achieved sales of KRW 39.6 billion and net income of KRW 5.85 billion last year. Sales increased by 37% year-on-year, and net income ratio was 15%. It is analyzed that the increased investment in technology-based R&D and customer-tailored strategies led to the increase in company-wide performance amid the surge in demand for HR solutions.
In recent years, HCG has strengthened its HR system lineup centered on its core solutions, 'hunel', 'JaDE', and 'talenx', and has responded to the diverse needs of corporate customers based on these. In particular, strengthening the technological competitiveness of each solution in line with the increasing corporate demand for advanced HR work and security and operational efficiency has had a positive effect on performance.
As each solution played its role by precisely targeting different customer groups and needs, all detailed business divisions recorded even growth. 'Hunel' for establishing HR systems for large corporations dominated the market by winning large-scale projects from major domestic conglomerates and financial companies one after another, and 'Jade', a packaged solution for mid-sized and strong companies, increased customer satisfaction with a flexible work setting structure and onboarding leading service. 'TalenX', newly launched as an all-in-one HR SaaS platform in 2024, is rapidly expanding its influence in the HR SaaS market by incorporating the latest technologies such as AI, cloud, and big data.
The product innovation strategy based on technology investment has also been effective. HCG currently operates three affiliated research institutes, including the hunel R&D Center, talenx R&D Center, and AI×HR R&D Center, and invests more than 25% of its total sales in R&D every year. In particular, the AI×HR R&D Center, which opened in March of this year, will serve as a key hub to support the achievement of business goals, including the development of services utilizing AI technology.
HCG plans to enhance product competitiveness centered on R&D this year and introduce the Customer Service Management (CSM) system in earnest to simultaneously increase customer success and satisfaction. It also plans to secure mid- to long-term growth momentum by preparing to enter the global market, focusing on Asia.
HCG CEO Park Jae-hyun said, “2024 was a year in which our confidence in the effectiveness of R&D investment and our customer-centered strategy led to results,” and added, “We will continue to prioritize technological substance and customer trust over short-term results and solidify our position as a leading HR tech company in Korea.”
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