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SinsiwayChung Jae Hoon, and Yu Kyung Suk Transition to Representative directors(CEO)System


- Increase work efficiency and continue growth momentum through business diversification




Sinsiway, a data security company, held a meeting of shareholders and a board of directors on the 26th and announced on the 27th that it decided to switch from the sole representative system of Jeong Jae-hoon to the individual representative directors(CEO)system of Jeong Jae-hoon and Yoo Kyung-seok.


Through the appointment of Yu Kyung Suk, Sinsiway plans to focus on customer-centered strategies, increase the efficiency of its work, and continue its growth momentum by diversifying its business using cloud-based technology.

Yu Kyung Suk is a sales expert who served as △ Oracle Korea Sales Manager △ NetAPP Co., Ltd Sales Manager △ Comas Sales Director.

Yu Kyung Suk, who first joined Shin Si-Way in 2016, has succeeded in various projects with his insight into constantly paying attention to changes in the domestic and foreign DB security and data security markets, identifying customer needs, and discovering insights. He has played an important role in Shin Si-Way's growth and success so far, achieving 15.6% and 46.1%, respectively, in the year he joined. Last year's performance increased 114% and 173.2% compared to 2015.

Jeong Jae-hoon is in charge of the research project and the development of new products. Jeong Jae-hoon aims to solidify his position as an innovative leader in data security solutions by launching new products within this year, focusing on accelerating the development of new products that have not been accelerated so far.

Sinsiway is currently researching and developing cloud data security and blockchain-based security technologies based on years of research and development experience and technology such as DB access control, DB encryption, and file encryption to safely protect personal information and sensitive information held by companies and public institutions.

In addition, it actively participates in support and investment necessary to improve the work capabilities of executives and employees to secure technological competitiveness, and acquired 'certification of excellent human resource development institutions in the SME sector' in 2023.

We expect to strengthen our internal framework through this system transition and respond more quickly to customer requirements through rapid and close cooperation between departments. We are confident that we will achieve customer satisfaction, the company's sustainable growth, and technological innovation through the system transition, and we will complete all administrative processes necessary for the system transition by April 15th.

Sinsiway was listed on the KOSDAQ market in November last year and recorded its highest performance ever, continuing stable growth.