FNC Technology
FNC Technology is a South Korean nuclear engineering firm providing proprietary safety analysis software, specialized test equipment, and engineering services to nuclear utilities, government agencies, and research institutes. Founded in 2000, it serves KHNP, KEPCO, KAERI, KORAD, and Nawah Energy with NSSC-licensed codes and 100%-localized test facilities.
- Company typePrivate
- Founded2000
- HeadquartersGiheung, South Korea
- Headcount11–50
- GTM typeB2B
- OfferingServices
What FNC Technology does
FNC Technology Co., Ltd. is a privately held South Korean nuclear engineering firm founded in 2000 by Byung Chul Lee, headquartered in Yongin-si, Gyeonggi-do with additional offices in Daejeon, Abu Dhabi (UAE), and Rockville, Maryland (USA). The company provides engineering services, R&D, proprietary software, and specialized test equipment to nuclear power plant operators, government nuclear agencies, research institutes, and nuclear equipment manufacturers. Its primary customers include KHNP, KEPCO, KINS, KAERI, KORAD, KINAC, KNFC, and international counterpart Nawah Energy Company, with the company holding six distinct KHNP Q-Class Supplier certifications and a NSSC-licensed CAP code.
FNC's core technology stack centers on proprietary nuclear safety analysis software—CAP (Containment Analysis Package, NSSC-licensed), CINEMA and SACAP (integrated severe accident evaluation codes), and a suite of computational science programs covering fuel loading optimization (McFLOP, GENRE_LP), fuel cycle analysis (FAMER, PENECA-F, LF_TRACER), decommissioning cost estimation (SACER), seismic risk assessment (ARES), and nuclear intelligence retrieval (NIRAS). The company complements software with 100%-localized physical test facilities for sump strainer performance under LOCA conditions, multi-purpose aerosol control systems, and the Containment Filtered Venting System (CFVS), which has been commercialized and exported as import substitution technology. A dedicated Digital Innovation Division extends the portfolio with AI/Big Data products including Vision AI & Predict, K-RADESS, INDAC 3.0, and SAD 3.0, applied to digital twin-based plant management and NPP safety prediction.
The business model operates across three revenue streams: professional engineering services (severe accident analysis, reliability engineering, thermal-hydraulics, decommissioning research), software licensing (CAP, CINEMA, SACAP, computational science suite licensed to utilities and regulators), and hardware sales (CFVS, sump strainer systems, aerosol control systems). Pricing is project-based and negotiated per engagement, consistent with B2B nuclear services sales. Distribution combines direct enterprise field sales in Korea with international field offices and trade show participation (notably Waste Management Symposia 2026 with KORAD). The company carries ISO 9001, ISO 45001, ISO 19443 (nuclear quality), and ISO 27001 certifications, and has received multiple recognitions from Korea's Ministry of Trade, Industry and Energy and KETEP.
FNC Technology firmographics
Firmographics- Name
- FNC Technology
- Legal name
- FNC Technology Co., Ltd.
- Website
- https://fnctech.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FNC Technology is a South Korean nuclear engineering firm providing proprietary safety analysis software, specialized test equipment, and engineering services to nuclear utilities, government agencies, and research institutes. Founded in 2000, it serves KHNP, KEPCO, KAERI, KORAD, and Nawah Energy with NSSC-licensed codes and 100%-localized test facilities.
- Ownership category
- akta.pro rank
FNC Technology industry classification
Industry- Product category
- Nuclear Engineering Services and Safety Software
- NAICS
- Scientific Research and Development Services (5417), Nuclear Electric Power Generation (221113)
- SIC
- Instruments For Meas & Testing Of Electricity & Elec Signals (3825)
- akta.pro primary industry
- Nuclear Power Plant Operations & Maintenance (O&M) (EUACADAO)
- akta.pro secondary industries
- Component Qualification, Testing & Certification (Seismic, Environmental, EMI/EMC) (EUAKADAO), Instrumentation & Control (I&C) Integration & Commissioning Support (EUAKAAAH), Nuclear Plant O&M Services (EUAEAGAC), Spent Fuel Management Engineering, Consulting & Digital Tools (Thermal/Shielding/Criticality, QA) (EUAKAHAL), Decontamination & Dismantling (D&D) of Nuclear Facilities (EUAKAFAB), IAEA Safeguards Implementation & Verification Support (inspections, declarations, reporting) (EUAKAJAE)
Keywords
Where FNC Technology is headquartered
LocationHeadquarters
- HQ city
- Giheung
- HQ country
- South Korea
- HQ region
- Asia
Offices5 records
Markets served
FNC Technology business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Engineering and R&D Services: Technical services and engineering solutions including NPP accident management, reliability engineering, thermal-hydraulics analysis, severe accident analysis, nuclear decommissioning research, and nuclear materials research for nuclear power plants and related organizations.
- Software Products and Licensing: Development and licensing of nuclear safety analysis software including CAP, CINEMA, SACAP, and computational science programs. Software products are licensed to nuclear utilities and regulatory bodies.
- Test Equipment and Systems: Commercialization and export of specialized nuclear testing equipment including Sump Strainer Test systems, Aerosol Control Systems, and CFVS technology with performance verification services.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
FNC Technology product offering
Product offeringCore offering
FNC Technology provides nuclear engineering services, R&D, and proprietary software solutions for nuclear power plant safety, accident management, severe accident analysis, containment thermal-hydraulics, decommissioning, and radioactive waste management. The company develops and licenses nuclear safety analysis codes (CAP, CINEMA, SACAP, and a computational science software suite), commercializes specialized test equipment (CFVS, Sump Strainer Test, Aerosol Control System), and delivers AI/Big Data digital engineering solutions to nuclear utilities, regulatory bodies, and research organizations.
Product overview
FNC Technology offers a unified platform of nuclear engineering solutions combining proprietary analysis software, specialized nuclear equipment, and AI-powered digital engineering services. The core product portfolio centers on five specialized systems: CAP (Containment Analysis Package) for containment thermal-hydraulic analysis; CINEMA & SACAP for integrated severe accident evaluation combining thermal-hydraulic, hydrogen combustion, core melting-concrete response, and steam explosion analysis; CFVS (Containment Filtered Venting System) for containment protection; Aerosol Control System for radioactive aerosol behavior analysis; and Sump Strainer Test technology for LOCA conditions. These are complemented by add-on modules including Computational Science Software Programs (McFLOP, GENRE_LP, FAMER, NIRAS, ARES, TIERRA, SACER, PENECA-F, POWER, LF_TRACER) providing reactor physics, fuel cycle, risk assessment, and knowledge retrieval capabilities; Advanced Nuclear Technology Products (RAMDA); and Digital Innovation Solutions (Vision AI & Predict, INDAC 3.0, SAD 3.0, K-RADESS) delivering AI/Big Data-driven safety prediction, digital twins, and SaaS platforms. The portfolio serves nuclear power plant diagnosis, safety assessment, system design, decommissioning, and radioactive waste management across the full plant lifecycle.
Differentiator
Problem solved
Functional benefit
Products and services
- CAP (Containment Analysis Package) Proprietary thermal-hydraulic containment analysis code using 3-fields and 3-phases techniques coupled with SPACE, licensed by NSSC for design pressure/temperature analysis and ECCS efficiency evaluation. Used by nuclear utilities and regulatory bodies for safety assessment.
- CINEMA & SACAP Integrated severe accident analysis code combining thermal-hydraulic analysis, hydrogen combustion, core melting-concrete response, steam explosion, and containment direct heating analysis modules. Used by nuclear utilities and research institutes for severe accident management.
- CFVS (Containment Filtered Venting System) Filtered venting system for nuclear power plants that prevents containment damage and minimizes radioactive material release by discharging filtered gases to the atmosphere. Includes source technology, performance verification testing, and import substitution capability.
- Sump Strainer Performance Test Technology Comprehensive performance test facility and technology reflecting containment conditions under LOCA (Loss of Coolant Accident), applying actual debris formation for fibrous, particulate, and chemical precipitate. Used by nuclear utilities and equipment manufacturers for ECCS qualification.
- Aerosol Control System Multi-purpose aerosol generation, injection, mixing, and measurement system for understanding and analyzing radioactive aerosol behavior under severe accident conditions, including steam and non-condensable gas environments. Applicable under various environmental conditions with performance verification completed.
- Computational Science Software Suite Suite of proprietary nuclear engineering software programs including McFLOP, GENRE_LP, LF_TRACER, FAMER, POWER, PENECA-F, SACER, ARES, TIERRA, and NIRAS, covering reactor physics, fuel cycle analysis, decommissioning cost estimation, risk assessment, and nuclear intelligence retrieval.
- Digital Innovation Solutions AI/Big Data convergence technology solutions for nuclear power plant lifecycle including K-RADESS, Vision AI & Predict Solution, INDAC 3.0, and SAD 3.0. Provides digital twin-based integrative SI, safety prediction, on-premise digital engineering services, and SaaS-based data platforms for plant operation, management, decommissioning, waste management, and SMR applications.
Quantifiable outcome
- CAP code successfully licensed by NSSC (Nuclear Safety and Security Commission)
- +2 more outcomes
Companies that use FNC Technology
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
FNC Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability10 records
Feature7 records
FNC Technology partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- KORAD (Korea Radioactive Waste Agency)coreFNC Technology established a joint exhibition pavilion with KORAD and two other Korean companies (Godo Tech, GeoGreen21) at Waste Management Symposia 2026 in Phoenix, Arizona. The partnership aims to showcase Korean radioactive waste management technology and support overseas market entry for SMEs.
- Godo TechminorKorean partner company participating in the joint exhibition pavilion with KORAD at Waste Management Symposia 2026
- GeoGreen21minorKorean partner company participating in the joint exhibition pavilion with KORAD at Waste Management Symposia 2026
- Posiva (Finland)coreFNC held bilateral meetings with Posiva of Finland to lay groundwork for future joint research and technical cooperation in the field of radioactive waste management
- SKB (Sweden)coreFNC held bilateral meetings with SKB of Sweden to lay groundwork for future joint research and technical cooperation in the field of radioactive waste management
- SNC-LavalincoreBusiness partnership with SNC-Lavalin (Business Partnership Number: 24653) for nuclear engineering services collaboration
- KHNP (Korea Hydro & Nuclear Power)coreMultiple Q-Class Supplier certifications from KHNP including PSR Safety Analysis, Safety Performance/Plant Operation, Waste Management/Radiation Protection, PSA Service, EQ Assessment Service, and Follow-up service under PSR
- Nawah Energy CompanycoreNawah Approved Suppliers List (NASL) Q-Class Supplier for Engineering Services (QA-FTC-QDT-22-0001)
Scale indicators3 records
Recent moves8 records
Expansion highlights5 records
FNC Technology competitors and assessment
Company assessmentBroad incumbents
- Westinghouse Electric Company: Global nuclear engineering, fuel, and services company offering reactor design, safety analysis, decommissioning, and plant services. Directly comparable to FNC's nuclear safety analysis and engineering services portfolio, but at far greater scale and geographic breadth.
- Framatome: France-headquartered nuclear reactor services and fuel supplier with strong safety analysis, I&C, and severe accident code capabilities. Closely comparable to FNC's containment/severe accident code work and instrumented nuclear test services, but with global project scale.
- Curtiss-Wright Nuclear: Supplies nuclear-qualified equipment, instrumentation, and safety system components for reactor protection, I&C, and severe accident management. Comparable to FNC's hardware test systems (CFVS, Sump Strainer, Aerosol) and I&C integration capabilities.
Regional players
- KEPCO Engineering & Construction (KEPCO E&C): Korean nuclear plant design, engineering, and consulting arm of KEPCO. Comparable to FNC in serving Korean nuclear engineering services demand, though focused more on plant design than safety analysis codes and equipment.
- Doosan Enerbility: Korean nuclear steam generator, reactor vessel, and turbine OEM that is also an FNC customer. Comparable as a Korean nuclear engineering and equipment provider serving KHNP and KEPCO, but with a heavier focus on manufactured components than on safety software.
- Enusa Industries Avanzadas: Spanish state-linked nuclear fuel cycle, engineering services, and radioactive waste management company. Comparable to FNC in fuel cycle analysis software (PENECA-F, FAMER), decommissioning services, and waste management focus.
Direct peers
- Sargent & Lundy: U.S.-based nuclear engineering firm providing safety analysis, modification, decommissioning, and plant engineering services to utilities and regulators. Highly comparable service mix to FNC, especially for safety assessment, PSR/PSA, and design engineering.
- Studsvik: Swedish nuclear engineering and consulting firm offering fuel and materials technology, waste management, decommissioning, and radiation protection services. Comparable to FNC's decommissioning, radioactive waste, and nuclear materials research competencies.
- Kinectrics: Canadian nuclear engineering services and testing firm offering safety analysis, equipment qualification, and environmental qualification services. Closely comparable to FNC's sump strainer / equipment qualification and safety analysis service lines.
Emerging players
- Mirion Technologies: Provides radiation monitoring, dosimetry, and nuclear measurement instrumentation across power, decommissioning, and waste markets. Comparable to FNC's RAMDA aerosol/dose monitoring product and overall nuclear measurement instrumentation focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
FNC Technology social profiles
Digital presenceFNC Technology compliance and trust
Trust signalCompliance14 records
FNC Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
FNC Technology leadership team
Management profileNumber of profiles
Profiles1 record
FNC Technology funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FNC Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FNC Technology
What does FNC Technology do?
FNC Technology provides nuclear engineering services, R&D, and proprietary software solutions for nuclear power plant safety, accident management, severe accident analysis, containment thermal-hydraulics, decommissioning, and radioactive waste management. The company develops and licenses nuclear safety analysis codes (CAP, CINEMA, SACAP, and a computational science software suite), commercializes specialized test equipment (CFVS, Sump Strainer Test, Aerosol Control System), and delivers AI/Big Data digital engineering solutions to nuclear utilities, regulatory bodies, and research organizations.
Is FNC Technology a public or private company?
FNC Technology is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FNC Technology founded?
FNC Technology was founded in 2000. It employs 11 to 50 people.
Where is FNC Technology based?
FNC Technology is headquartered in Giheung, South Korea, in the Asia region.
How does FNC Technology make money?
Three revenue lines are on record. Engineering and R&D Services are the primary driver. The others are software Products and Licensing and test Equipment and Systems.
Who are FNC Technology's main competitors?
Broad incumbents on record are Westinghouse Electric Company, Framatome and Curtiss-Wright Nuclear. Regional players are KEPCO Engineering & Construction (KEPCO E&C), Doosan Enerbility and Enusa Industries Avanzadas. Direct peers are Sargent & Lundy, Studsvik and Kinectrics. Mirion Technologies is listed as an emerging player.
Does FNC Technology have an API?
No public API is recorded for FNC Technology.
What industry is FNC Technology in?
FNC Technology's product category is Nuclear Engineering Services and Safety Software. Its primary akta.pro industry code is EUACADAO, Nuclear Power Plant Operations & Maintenance (O&M), with a secondary code of EUAKADAO, Component Qualification, Testing & Certification (Seismic, Environmental, EMI/EMC). Its NAICS code is 5417 and its SIC code is 3825.