Model Solution

Name

Model Solution

Legal name

Model Solution Co., Ltd.

Website

https://model-solution.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Model Solution Co., Ltd. is a KOSDAQ-listed South Korean precision prototyping, tooling, and contract manufacturer, operating as an affiliate of Hankook & Company Group and serving enterprise product companies across consumer electronics, autonomous devices, and electric mobility through an integrated concept-to-production service platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Product Design and Prototyping Services: Model Solution generates revenue through providing comprehensive product design and prototyping services, transforming creative concepts into high-fidelity, near-production quality prototypes for various product categories including consumer electronics, autonomous devices, and electric mobility solutions.
2. Mass Production Manufacturing: The company offers tooling and mass production capabilities as part of its Total Solution Business approach, providing manufacturing services once prototypes are validated.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Model Solution provides end-to-end precision prototyping, tooling, and manufacturing services for enterprise product companies. Its Total Solution Business platform connects early-stage concept design through design reviews, engineering, prototype development, tooling, and mass production, delivering near-production quality prototypes for products such as consumer electronics, autonomous devices, and electric mobility solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Total Solution Business An end-to-end product development service that connects early-stage concept design through design reviews, engineering, prototype development, tooling, and mass production, delivering near-production quality prototypes for consumer and commercial products. Targeted at enterprise customers seeking a single-vendor path from concept to manufactured goods.
• Prototype Development Services
• Industrial Design Services

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• ArtCenter College of DesigncoreStrategic or Co-development Partner · 29 April 2026Model Solution Co., Ltd. completed a collaborative design project with ArtCenter College of Design in Pasadena, California. The partnership transformed student creative concepts from the Spring 2026 Product Design course into three high-fidelity prototypes—a portable DJ controller, an autonomous shopping cart, and a last-mile delivery e-bike—with near-production quality. The completed prototypes will be exhibited at ArtCenter's main exhibition hall starting in May 2026. This collaboration demonstrates Model Solution's Total Solution Business approach connecting early-stage concepts through design reviews, engineering, prototype development, tooling, and mass production.

Scale indicators2 records

Direct peers

• Protolabs: Protolabs offers digital manufacturing services including CNC machining, injection molding, and 3D printing for prototypes and low-volume production. Directly comparable to Model Solution's prototyping and on-demand manufacturing services, though with a software-led automated quoting model.
• Xometry: Xometry operates an AI-enabled marketplace for on-demand manufacturing, including CNC, 3D printing, injection molding, and sheet metal fabrication. Directly comparable as a digital-first prototyping and contract manufacturing platform serving enterprise product companies.
• Fictiv: Fictiv provides custom mechanical parts manufacturing and prototyping with a digital platform connecting customers to a global network of manufacturers. Direct peer in the digital prototyping and custom manufacturing services space.
• Hubs (by Protolabs): Hubs offers on-demand manufacturing services including CNC, 3D printing, and injection molding with instant quoting. Direct peer in the rapid prototyping and low-volume manufacturing services market.
• Star Rapid: Star Rapid specializes in rapid prototyping, low-volume manufacturing, and product development services. Directly comparable as a precision prototyping and contract manufacturing service provider for product companies.
• HLH Proto: HLH Proto provides rapid prototyping services including CNC machining, 3D printing, and injection molding for low-volume production. Direct peer in the precision prototyping and contract manufacturing services space, with strong presence in Asia.

Emerging players

• Stratasys: Stratasys manufactures 3D printers and provides additive manufacturing solutions. Comparable as an emerging player in the prototyping technology stack that competes with traditional prototyping service providers on a subset of use cases.
• 3D Systems: 3D Systems provides 3D printing hardware, materials, and on-demand manufacturing services. Comparable as an emerging player offering both prototyping technology and services, with partial overlap in additive manufacturing.

Broad incumbents

• Jabil: Jabil is a large-scale contract manufacturer offering design, engineering, and mass production services across multiple industries. Broad incumbent comparable in the tooling and mass production portion of Model Solution's offering, though not specialized in prototyping.
• Flex: Flex provides global contract manufacturing and design services across multiple sectors. Broad incumbent in the manufacturing services space, with overlapping capabilities in product development and mass production, though at a much larger scale and broader scope.

Market position

Customer concentration

• Xx.com/ModelSolutionCo

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Model Solution