From Sega Retro
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HiCom (하이콤) were a video game developer and publisher headquartered in South Korea. They became e-SoftNet in October 1999.
Little is known about HiCom, however they are considered fairly important in the world of Sega as they were responsible for the distribution of consoles and games in South Korea, dating as far back as the Sega Mark III. Untill 1998 it was prohibited by Korean law to import and/or distribute Japanese media, including videogames. The way around this was to license a third-party (preferably Korean) business to distribute a Japanese product. Nintendo did this as well, by letting Hyundai Electronics distribute the NES, renamed as Comboy. HiCom apparantly distributed the Sega Mark III and the Sega Mega Drive, but Oacs seems to be the official distributer of the Sega Mark III and Samsung distributed the Sega Mega Drive renamed as Super Aladdin Boy. The role of HiCom in the process is unknown.
HiCom became an official third-party developer for Sega of America in June 1996 in the hopes of providing Sega Mega Drive games to the west, however all of their titles were canceled as Sega focused more on the Sega Saturn. After becoming "e-SoftNet", they ceased to exist in 2004. All their MMO's stayed online, for they were mostly taken over by other studios (which often consisted of former e-SoftNet staff).
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