South Korea’s leading office software developer Hancom Inc. said on Monday it has joined Amazon Web Services (AWS) to launch a web-based shared workplace supporting document editing at Amazon WorkDocs based on Hancom Office.

Hancom shares finished Monday up 7.41 percent at 15,950 won ($14.28) in Seoul.

With the new service, users are now able to create, edit and share Hancom documents in real time using a web browser without additional file installations or changes.

Hancom, which developed and tested the service for 12 months, aims to increase its presence in the cloud-based web office market and attract overseas partners through the cooperation with AWS.

The web office service will serve as important momentum to promote Hancom’s office software technology and brand around the world, said a company spokesman.

Meanwhile, Eugene Investment Monday maintained its ‘Buy’ rating on Hancom with a target price of 18,000 won, saying the company’s entry into overseas markets will help improve its performance. The brokerage house said in a report that the company’s brand awareness will be boosted in the cloud-based web office market through the collaboration with AWS, the leading platform for cloud computing.

By Ahn Byung-joon and Minu Kim

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