NCS IDS Changes Name to NC AX and Strengthens AI Business

NCS's IT service subsidiary, NCS IDS, is changing its name to NC AX and strengthening its artificial intelligence (AI) transformation business. The company plans to expand its existing capabilities in application software and system integration to apply AI in corporate operations and industrial sites. NC AX will integrate AI technology into enterprise resource planning (ERP), business system development, platforms, and applications, and will collaborate with NC AI to promote group-wide AI transformation. NC AX is an unlisted subsidiary established through a physical division in 2024, separating its quality assurance (QA) service business and application software development and supply business, and is responsible for application software development and supply, system integration consulting and construction, and system software development and supply. The AX in the new name signifies 'AI Transformation' and reflects the direction of changing operational methods and work processes through AI. NC AI will officially launch as an AI specialist company under NCS on February 1, 2025, providing AI solutions for the gaming, media, and content industries. NC AI is introducing VARCO and VAETKI as its main solutions. The scale of joint products and revenue contributions between NC AX's external customers and NC AI has not been disclosed.

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