Hyundai MIB International

What Hyundai MIB International does

Hyundai MIB International Co., Ltd. (formerly SBM / Shinwoo) is a privately held South Korean manufacturer of professional desktop banknote counting and sorting solutions, headquartered in Gunpo-si, Gyeonggi-do, with an 11–50 headcount (firmographics). The company designs and sells a portfolio of hardware counters and sorters — the MIB-9 (2-pocket value counter), MIB-11 V/F / Axiom (2-pocket sorter), SB-3000 (3-pocket fitness sorter), and MIB-5000 (5-pocket fitness sorter) — alongside software (Ticket Manager, MS Monitoring System) and customer-facing accessories (Aurora, SV-400, SV-200). Its underlying technology stack combines multi-spectral 5-Mode Contact Image Sensor (CIS) imaging, multi-channel magnetic sensors (MG/MR), UV/IR sensors, and mechanical tape-detection modules, with proprietary OCR and AI-based counterfeit, fitness, and tape detection running on a Mythic M1076 Analog NPU under an exclusive license for the banknote handling industry.

The company has historically monetized hardware sales through a global authorized-dealer network, with secondary revenue from currency software packages, remote firmware upgrades, extended warranty, and training services. It targets banks, cash centers and cash-in-transit operators, currency exchanges, casinos, retailers, law enforcement, and central banks, supporting 50+ currencies across its installed base. Independent validation includes a 0.9999 OCR recognition rate and 64.58% mechanical tape-detection rate from the Bank of Russia's CBRF tests.

Forward product strategy centers on an AI-Powered 2-Pocket Fitness Sorter launching early 2027, built around Mythic M1076 and 5-Mode CIS to deliver deep-learning-based full-image analysis, while the company continues to recruit dealers worldwide and operate an AI early-tester program to build currency-specific models.

Name

Hyundai MIB International

Legal name

Hyundai MIB International Co., Ltd.

Website

https://hyundaimib.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Hyundai MIB International Co., Ltd. (formerly SBM/Shinwoo) is a South Korea-based manufacturer of professional desktop banknote counters, multi-pocket fitness sorters, and accessories, serving banks, cash centers, currency exchanges, casinos, and central banks globally through authorized dealers.

Ownership category

akta.pro rank

Product category

Banknote Counting and Sorting Equipment

SIC

Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Cash Drawers, Cash Handling & Coin/Bill Counters (HDACAKAE)

Keywords

• Banknote counting machines
• Cash sorting solutions
• Currency authentication systems
• Fitness sorting equipment
• Cash handling technology

Headquarters

HQ city

Gunpo

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales: Sale of banknote counters and sorters (MIB-9, MIB-11, SB-3000, MIB-5000) and accessories (Aurora, SV-400, SV-200 customer displays). Hardware products are sold through authorized dealers worldwide with pricing based on machine specifications and pocket count.
2. AI-Powered Products: Upcoming AI-powered 2-pocket fitness sorter (coming early 2027) featuring built-in Analog NPU for deep learning-based full-image analysis. Represents next-generation product line with enhanced capabilities.
3. Software Upgrades and Currency Packages: Revenue from software updates including new currency support, improved detection algorithms, and feature enhancements. Additional currency software packages available for purchase through dealers. Updates delivered via USB or remote upgrade through Monitoring System.
4. Extended Warranty: Extended warranty options available beyond standard warranty for all products. Terms and pricing coordinated through local dealers or sales team.
5. Training Services: Comprehensive training services including operator training, maintenance training, and software training. Offered on-site, at company facilities, or remotely via video conference.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Hyundai MIB International designs and manufactures high-end professional banknote counting and sorting machines, ranging from 2-pocket value counters to 5-pocket fitness sorters. The company also produces complementary software (Ticket Manager, MS Monitoring System) for paper processing and multi-machine management, along with customer-facing display accessories. The portfolio is built for cash-intensive businesses such as banks, cash centers, currency exchanges, casinos, and law enforcement requiring counterfeit detection, fitness classification, denomination sorting, and serial number capture.

Product overview

Hyundai MIB International (formerly SBM/Shinwoo) designs and manufactures high-end banknote counting and sorting solutions for professional cash handling operations. The product portfolio centers on four main counter/sorter machines (MIB-9, MIB-11 V/F/Axiom, SB-3000, MIB-5000) ranging from 2-pocket value counters to 5-pocket fitness sorters. These are complemented by software solutions including Ticket Manager for custom paper processing and MS (Monitoring System) for multi-machine management and remote upgrades. Customer-facing accessories include three display options: Aurora (Android-based intelligent display), SV-400 (color display), and SV-200 (budget B/W display). The company is developing an AI-Powered 2-Pocket Fitness Sorter (coming early 2027) featuring built-in Mythic M1076 Analog NPU and 5-mode Advanced CIS for deep learning-based full-image analysis.

Differentiator

Problem solved

Functional benefit

Products and services

• MIB-9

Quantifiable outcome

• 0.9999 OCR recognition rate - highest among all counters and sorters in CBRF February 2026 independent testing
• +4 more outcomes

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature10 records

Partnerships

One partnership is on record.

• MythiccoreTechnology or IntegrationMythic provides the M1076 Analog Matrix Processor (26 TOPS AI performance, 3-4W power consumption) that serves as the AI processing core for Hyundai MIB's next-generation AI platform. Hyundai MIB holds exclusive rights to use Mythic's M1076 technology in the banknote handling machine industry - no other banknote machine manufacturer has access to this technology. The partnership enables deep learning-based full-image analysis in desktop banknote machines for the first time.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hyundaimibinternational
• LinkedInlinkedin.com/company/hyundaimib

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Hyundai MIB International