Hancom Group

What Hancom Group does

Hancom Group is a South Korean IT conglomerate founded in 1990, headquartered in Seongnam, that operates as a federation of independently listed KOSDAQ entities rather than a single corporate parent. Its core operating subsidiary, Hancom Inc. (KOSDAQ: 030520), is the country's dominant office software vendor and primary handler of Korean government and financial document workflows, with a 200,000+ installed customer base spanning every central ministry and city/province education office. The group also controls HancomWith (054920) in security, authentication, and digital finance; HancomLifecare (372910) in fire safety and defense; Thinkfree in web-based office software; and HancomInSpace in satellite Earth observation.

The company's technology stack rests on 36 years of Korean document processing IP, now repositioned around a Sovereign Agentic OS strategy that connects customers' internal data, external AI models, and existing business systems through an LLM-agnostic orchestration layer. Core AI products include HancomAssistant (agentic document creation and summarization), HancomPedia (RAG-based enterprise knowledge search), the proprietary P-C-G (Planner-Caller-Generator) small language model architecture, and OpenDataLoader PDF v2.0 (an open-source PDF extraction engine that achieved GitHub trending #1 and top scores in global benchmarks). Adjacent AI capabilities span HancomAuth and SPEEKEY biometric authentication with iBeta/NIST certifications, the Sejong civilian Earth observation satellite constellation (including the Sejong-3 hyperspectral satellite), and a PQC product line (HancomXConnect v4.0, HancomXDB v5.0, and the new install-free Hancom xFWeb) targeting government and financial sector compliance.

Hancom monetizes through a mix of one-time software licenses, subscription-based AI packages (HancomAssistant priced at 5,500 KRW/month, 54% voluntary attach at SaaS renewal), enterprise and government B2G/B2B sales, defense and fire-safety hardware, satellite data services (via SkyFi marketplace), and emerging fintech revenue from gold tokenization (Ontorium/OXAU) and stablecoin services (AQUA). Distribution combines direct field sales for public sector, a nationwide certified partner network, and a growing international footprint through Tencent Cloud (China), Japanese partners (CyberLinks, Kira Boshi, Money Partners Solutions, Sun Digital Systems), and European channel partners (7bulls, Algomine in Poland). Hancom is publicly traded with no private equity or parent control, and entered 2026 under a new corporate name and a Sovereign Agentic OS strategic banner.

Name

Hancom Group

Legal name

Hancom Inc.

Website

https://hancomgroup.com

Company type

Public

Founded year

1990

Operating status

Operating

Short description

Hancom Group is a South Korean IT conglomerate, founded 1990, providing office software, AI agents, document intelligence, biometric authentication, satellite data, and defense equipment to Korean government (14,000+ orgs), education (40,000+), and 140,000+ enterprise customers through its listed subsidiaries Hancom Inc., HancomWith, and HancomLifecare.

Ownership category

akta.pro rank

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Hancom AI Software Products: Subscription-based AI packages (HancomAssistant, HancomPedia) sold to B2B and B2G customers as add-on licenses on top of existing HancomOffice installations. Revenue generated from upselling existing 200,000+ customer base. B2B AI package conversion rate of 4.2% achieved by Q1 2026, with 54% of SaaS customers selecting AI packages at renewal. AI revenue grew from 0.19 billion KRW (March 2025) to 89 billion KRW (December 2025) to projected 360 billion KRW in 2026.
2. HancomOffice Software Licenses: Traditional one-time perpetual license sales of HancomOffice package software. However, starting 2026, Hancom is transitioning from year-edition (연식제) model to AI-updated platform model, ending standalone version releases. Legacy HWP document processing software with established government and enterprise customer base.
3. HancomWith Digital Security & Authentication: Revenue from HancomWith subsidiary's quantum-resistant cryptography (PQC) solutions, AI authentication products (HancomAuth, SPEEKEY facial/voice authentication), and digital trust solutions. Sales to financial services, public sector, and embedded device manufacturers. Also includes digital financial services (gold tokenization platform Ontorium, Aqua stablecoin services).
4. HancomLifeCare Fire Safety & Defense Equipment: Hardware sales of fire safety equipment (air respirators, fire helmets, fire suits), defense products (K5 gas masks, combat training systems), and unmanned firefighting robots. Sold to government agencies through formal procurement and defense tenders. Major contracts include K5 gas mask (18.5 billion KRW), urban combat training equipment (12.1 billion KRW), and KCTC performance improvement (6.42 billion KRW).
5. HancomInSpace Satellite Data Services: Commercial satellite imagery sales through global platforms like SkyFi, plus specialized data analysis services. Archive (existing data catalog) and Tasking (customized new imaging) services. Revenue from hyperspectral and multispectral data for agriculture, environment, defense, and disaster monitoring applications.
6. Thinkfree Web Office & AI Services: Web-based document editing solutions and AI-powered knowledge search platform (Refinder). Revenue from enterprise licensing and subscription services targeting global markets. Thinkfree Office maintains compatibility with major document formats and supports on-premise deployment.
7. HancomGoldExchange Digital Gold: Digital gold trading and gold tokenization services through HancomGoldExchange. Revenue from gold transaction fees and spread. Gold tokenization platform Ontorium enables tokenized gold (OXAU) with physical gold backing. Combined with HancomWith's Aqua financial services for gold-backed stablecoin lending and savings.

Pricing tiers

Go-to-market motion4 records

Distribution channels9 records

Marketing channels9 records

Core offering

Hancom Group is a diversified IT conglomerate that develops AI-powered office software, document processing tools, and an Agentic OS platform for government and enterprise customers. Its portfolio spans HancomOffice and HancomAssistant (AI document creation), HancomPedia (RAG-based knowledge search), HancomWith security and authentication products, Thinkfree web office, HancomInSpace Earth-observation satellites, and HancomLifecare fire safety and defense equipment.

Differentiator

Problem solved

Functional benefit

Brands

• Hancom AI: AI platform and assistant services including HancomAssistant and HancomPedia
• Hancom InSpace
• Ontorium
• HancomAUTH
• Hancom xFWeb
• Hancom xCAuth

Products and services

• HancomOffice
• HancomAssistant
• HancomPedia
• HancomOffice AI Package
• OpenDataLoader PDF
• Hancom xFWeb
• Hancom xCAuth
• HancomAuth (Face Authentication)
• Ontorium and AQUA
• Thinkfree Office
• Sejong Satellite Constellation & InStation Platform
• HancomLifeCare Fire Safety & Defense Equipment
• HancomTypist
• Twin-type Agentic OS

Quantifiable outcome

• AI revenue growth from 0.19 billion KRW (March 2025) to 89 billion KRW (December 2025) to projected 360 billion KRW (2026), representing 4x growth trajectory
• +5 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability14 records

Feature8 records

Partnerships

24 partnerships are on record, tiered major, core and minor.

• OUVRY SAS (우브리, 프랑스)majorStrategic or Co-development Partner · 23 June 2026HancomLifeCare signed MOU with French CBRN protection specialist OUVRY at Eurosatory 2026. Partnership targets Korean CBRN protection market with OUVRY's world-class protection technology. Goal of jointly addressing 10-year Korean military CBRN protection requirements.
• 7bulls (폴란드)coreStrategic or Co-development Partner · 15 June 2026Hancom signed MOU with Polish government-certified R&D center 7bulls for joint R&D on European localization of Hancom's Sovereign Agentic OS. 7bulls brings 30+ years of enterprise IT system design experience and GDPR/NIS2 compliance expertise. Partnership targets European market adaptation for H2 2026 beta launch.
• Algomine (폴란드)coreStrategic or Co-development Partner · 15 June 2026Hancom partnered with Polish AI company Algomine (TTPSC group) for public sector Proof of Concept implementation of Agentic OS. Algomine specializes in generative AI, LLMs, agentic AI, and data platform development. Partnership targets European public sector customers with on-premise Agentic OS deployment.
• BGF Group (BGF그룹)majorImplementation/ SI/ Consulting Partner · 11 June 2026Hancom partnered with BGF Group to deploy HancomDataLoader and HancomPedia for enterprise-wide AI knowledge search system. Built on-premise with BGFGroup-specific security policies and permission systems. Data processed from bulletin boards, documents, and attachments. First major enterprise AX implementation.
• AirCODE (에어코드)majorChannel Partner/ Reseller/ Distributor · 2 June 2026Hancom partnered with AirCODE as distribution partner for AirRBI (remote web isolation security solution). Hancom leverages its nationwide partner ecosystem to distribute AirRBI in public and enterprise security markets. AirRBI provides malware/ransomware blocking, CDR content disarm, and DLP data loss prevention.
• LG AI Research (LG AI研究院)coreStrategic or Co-development Partner · 22 May 2026Hancom signed a strategic business alliance with LG AI Research to supply AI agents to ChatEXAONE platform. HancomAgent technology combined with EXAONE large language model to create integrated solutions for public and enterprise AI markets. Expanded from December 2024 MOU to higher-level partnership.
• Shark Robotics (샤크로보틱스, 프랑스)coreStrategic or Co-development Partner · 21 May 2026HancomLifeCare partnered with French UGV (unmanned ground robot) leader Shark Robotics for Korean market distribution of COLOSSUS and Rhyno Protect firefighting robots. Shark Robotics gained global recognition during 2019 Notre Dame fire rescue operations. Partnership expanded from initial MOU to defense sector cooperation.
• Yeoncheon County (연천군)majorImplementation/ SI/ Consulting Partner · 21 April 2026HancomInSpace partnered with Yeoncheon County for '2026 Gyeonggi-do AI Challenge' satellite-based ground subsidence early warning platform. First in Korea to apply satellite data and AI for disaster response at local government level.
• HUNTER (헌터)minorGTM or Marketing Partner · 13 April 2026Hancom partnered with global premium brand HUNTER for exclusive backpack release (HANCOM x HUNTER FLAP TWO POCKET PACK). HUNTER signature design with Hancom identity accents. Offered at special price with HancomOffice purchase.
• Money Partners Solutions (머니파트너스솔루션즈)minorChannel Partner/ Reseller/ Distributor · 9 April 2026Hancom signed MOU with Money Partners Solutions (Japanese fintech company) for digital trust solution cooperation. Focus on member management and subscription review system automation for Japanese financial sector.
• Sun Digital Systems (선디지털시스템)minorChannel Partner/ Reseller/ Distributor · 9 April 2026Hancom signed MOU with Japanese video security company Sun Digital Systems for biometric authentication and certification system collaboration targeting Japanese financial and enterprise markets.
• SpaceXcoreTechnology or Integration · 31 March 2026HancomInSpace launched Sejong-3 satellite on SpaceX Falcon 9 Transporter rideshare. Sejong-3 is a 6U-class hyperspectral cubesat undergoing commissioning. SpaceX provides launch services for HancomInSpace's satellite constellation expansion.
• Hanseo University (한성대학교)minorStrategic or Co-development Partner · 27 March 2026HancomInnostream partnered with Hanseo University for AI/digital talent development under Seoul RISE program. Industry-academia cooperation model combining NVIDIA DLI-certified AI education with university curriculum for workforce training.
• Kongju National University (국립공주대학교)minorStrategic or Co-development Partner · 27 February 2026HancomInnostream partnered with Kongju National University for AI specialist talent development and industry-academia cooperation. Joint curriculum development, on-site education expansion, and employment support programs.
• CyberLinks (사이버링크스)majorChannel Partner/ Reseller/ Distributor · 19 February 2026CyberLinks (Tokyo Stock Exchange listed, Japan's JPKI platform operator for mynumber card) signed contract to supply HancomAuth face recognition solution for eKYC service enhancement. CyberLinks serves government and corporate customers in Japan. Hancom targeting Japanese financial and public sector market expansion.
• LG AI Research Consortium (LG AI研究院 컨소시엄)coreStrategic or Co-development Partner · 16 January 2026Hancom participated as key partner in LG AI Research consortium for Korea's Sovereign AI Foundation Model Project. Hancom provided document platform and application service capabilities. Consortium achieved overall 1st place in government evaluation, advancing to Phase 2.
• Republic of Korea Air Force Academy (공군사관학교)majorStrategic or Co-development Partner · 30 December 2025HancomInSpace partnered with ROK Air Force Academy for KAFASAT-2 satellite development and launch education program. 6U CubeSat to be launched on Nuri Rocket 6th launch as secondary payload. Partnership supports defense space talent cultivation.
• Tencent Cloud (텐센트 클라우드)coreStrategic or Co-development Partner · 9 December 2025Hancom partnered with Tencent Cloud to integrate Hancom AI products and office software with Tencent Cloud infrastructure for China market entry. Collaboration also includes joint marketing of FacePhi biometric solutions and Tencent's Palm biometric technology. Hancom products will integrate with Tencent Docs, Tencent Meeting, and WeCom platforms.
• Korea Mine Rehabilitation & Resource Organization (한국광해광업공단, KOMIR)minorImplementation/ SI/ Consulting Partner · 4 December 2025Hancom partnered with KOMIR to pilot HancomAssistant and HancomPedia for generative AI in public administration. Partnership aims to build smart work environment combining public data with AI technology.
• Soongsil University AI Security Research Center (숭실대 AISRC)coreStrategic or Co-development Partner · 16 October 2025HancomWith co-developed SPEEKEY voice authentication solution with Soongsil University's AISRC. Partnership combines world-class deepfake voice detection and speaker verification technologies for AI-based security systems.
• Thales Ercom (탈레스 에르콤, 프랑스)minorChannel Partner/ Reseller/ Distributor · 14 October 2025Thinkfree signed software supply agreement with Thales Ercom (Thales Group subsidiary) to embed Thinkfree Office within Ercom's Cryptobox secure collaboration platform. Targets defense, financial, and public service markets requiring high-security document editing.
• LMC (Lost Management Cities)minorGTM or Marketing Partner · 29 September 2025Hancom partnered with Korean street fashion brand LMC for limited edition apparel collection. LMC incorporated Hancom brand identity into signature designs. Collaboration targets lifestyle brand expansion beyond software and younger demographic engagement.
• Korea Institute of Fire Industry & Technology (한국소방산업기술원, KFI)minorChannel Partner/ Reseller/ Distributor · 1 June 2025HancomLifeCare participated in INTERSCHUTZ 2026 as part of KFI Korea Pavilion alongside 15 Korean fire safety companies. Partnership for global promotion of Korean fire safety technology at world's largest fire safety exhibition in Hannover, Germany.
• National Library for the Disabled (국립장애인도서관)majorStrategic or Co-development Partner · 9 March 2025Hancom signed MOU with National Library for the Disabled to develop PDF conversion feature with accessibility tags for Han/Naver (Hanmal) 2024. Partnership targets improved information access rights for disabled citizens through accessible public institution publications.

Scale indicators21 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• OpenText: Global enterprise content/document management and AI platform. Most direct international comparable to Hancom's document intelligence, RAG-based knowledge search, and AI-orchestrated content platform strategy for large organizations.
• Douzone: Korean ERP and groupware/office software vendor serving similar enterprise and public sector customers. Direct competitor in Korean office productivity and document workflow software with comparable target market and product overlap.

Broad incumbents

• Microsoft: Microsoft 365 / Copilot represents the global benchmark and primary competitive threat in AI-enhanced office productivity. HancomOffice competes on Korean HWP format compatibility and on-premise deployment as differentiators against Microsoft.
• Samsung SDS: Samsung Group's IT services arm and one of Korea's largest enterprise IT/system integration providers. Competes with Hancom for Korean government and large enterprise digital transformation contracts, including cloud, AI, and document/data management engagements.
• NHN: Korean IT services and cloud platform with public sector and enterprise presence. Competes with Hancom in cloud, security, payment, and enterprise productivity — including in the same government digital transformation RFPs.
• Adobe: Global document/PDF software leader (Adobe Acrobat, Adobe Express) and AI-augmented productivity suite. Overlaps with Hancom's OpenDataLoader PDF (competing with Adobe's PDF Extract API) and document-centric AI products.
• Naver Cloud: Korea's leading cloud and AI platform (HyperCLOVA), competing with Hancom for sovereign AI, public sector AI, and enterprise productivity contracts. Naver is also driving Korean government AI infrastructure through national LLM initiatives.
• Kakao: Korean tech platform with Kakao Work (enterprise collaboration), Kakao Brain (AI), and Kakao Cloud competing in adjacent enterprise productivity, AI, and public sector digitalization segments within Korea.

Emerging players

• Salesforce: Enterprise CRM/AI platform with Agentforce agentic AI offering. Competes with Hancom's Agentic OS vision for enterprise AI orchestration and AI agent deployment, particularly for customer-facing automation use cases.

Regional players

• LINE Yahoo: Japan-headquartered internet/tech conglomerate offering enterprise and AI solutions in Japanese markets. Comparable as a regional platform pursuing AI services expansion; potential partner/competitor for Hancom's Japan financial and public sector push.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@hancom.official
• Facebookfacebook.com/hancom.inc
• Instagraminstagram.com/hancom_kr

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments1 record

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

Frequently asked questions about Hancom Group