TAEHWA INNOVATION

What TAEHWA INNOVATION does

TAEHWA INNOVATION (주식회사 태화이노베이션) is a Seoul-based IT services and software company founded in May 2015 that specializes in document digitization and electronic document management for Korean financial institutions and public sector organizations. The company has built an integrated proprietary platform called DNI (Document Network Integration / 전자화 작업장 솔루션), which manages the end-to-end document electronicization workflow from trusted scanning and quality inspection through AI-based recognition to certified electronic document center transmission. DNI is complemented by modular add-ons including DNI-AI OCR (deep learning-based text extraction using CNN and CRNN+CTC), DNI-PMask (personal information masking), DNI-IPS (image processing suite), FEVER Biz Rule Engine (electronic form rule management), DASS (high-speed document auto-classification at 550 PPM), HTML5 Viewer, and DNI-HUB (multi-node image conversion). In parallel, TAEHWA distributes and manufactures hardware including ultra-high-speed scanners (LA600/LA800 reaching 50,000 documents/hour, IntelliScan XDS, HGS-Series), electromagnetic tablet monitors (TH-1500TB/TW), fingerprint scanners (Finger Scan-D), financial kiosks (HPA-500K), and Android tablet PCs (T-Model). The company is the exclusive domestic distributor for BANCTEC (US), Hantle System, and Union Community in Korea.

The company generates revenue across five streams: project-based SI contracts (system integration for banks, including digital teller systems, next-generation core banking, and certified electronic document center builds), hardware sales (proprietary and distributed scanners/tablets/kiosks), software licensing and maintenance, ongoing maintenance and support subscriptions, and IT outsourcing services. Go-to-market is direct enterprise field sales targeting major Korean banks and government agencies, with no disclosed public pricing — all contracts are quote-based and procurement-driven. The customer base is anchored by Korea's largest financial groups (Hana Bank, KB Kookmin Bank, NongHyup Bank, Woori Bank, KDB Industrial Bank), with additional engagements across credit card companies, securities firms (Mirae Asset Daewoo), government ministries (Ministry of the Interior and Safety), local governments, and education sector clients. In July 2023, TAEHWA launched Korea's first cloud-based distributed certified electronic document center solution, marking a transition from purely on-premise deployment toward cloud-hosted recurring revenue models. The company holds three granted patents, Inno-Biz certification, venture business certification, and corporate research institute certification from the Korean government.

Name

TAEHWA INNOVATION

Legal name

주식회사 태화이노베이션 (TaeHwa Innovation Co., Ltd.)

Website

https://taehwainno.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

TAEHWA INNOVATION is a Seoul-based IT company that provides proprietary document digitization software (DNI platform with AI OCR), hardware scanners, and system integration services to Korean banks, financial institutions, and government agencies for end-to-end paperless workflow and certified electronic document management.

Ownership category

akta.pro rank

Product category

Enterprise Document Digitization Software

NAICS

Other Computer Related Services (541519)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Business Rules & Decision Management Platforms (BRMS/DMN) (HDAEAKAG)

akta.pro secondary industry

Identity Verification, Proofing & KYC (IDV) (HDAEAJAI)

Keywords

• Document digitization software
• Electronic document management
• AI OCR solutions
• Financial IT systems
• High-speed document scanners

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SI (System Integration) Projects: Custom system integration and build projects for financial institutions, including document digitization centers, digital teller systems, image processing systems, and next-generation core banking systems. Revenue is project-based and contract-driven.
2. Hardware Sales: Sale of proprietary and distributed hardware including high-speed scanners (LA600/LA800, IntelliScan XDS, HGS-Series), tablet monitors (TH-1500TB/TW), KIOSK terminals (HPA-500K), and tablet PCs (T-Model). Also includes distribution of BANCTEC, Hantle System, and Union Community products as domestic distributor.
3. Software Solutions & Licensing: Licensing and maintenance of proprietary software solutions including DNI platform, AI OCR, privacy masking, image solutions, rule engine (FEVER), DASS document classification, and HTML5 viewer. Solutions are sold as perpetual licenses or through project-based delivery.
4. Maintenance & Support: Ongoing maintenance services for scanner equipment, tablet monitors, KIOSK hardware, software solutions, and business programs.
5. Outsourcing Services: IT operations staffing, system operations outsourcing, and total outsourcing of paper document classification operations for financial institutions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

TAEHWA INNOVATION develops and sells the DNI (Document Network Integration) platform — an integrated document digitization and electronic document management solution covering trust scanning, AI OCR, automated quality inspection, personal information masking, business rule processing, and certified electronic document center transmission. The company also sells proprietary hardware (high-speed scanners, tablet monitors, kiosks, fingerprint scanners) and provides system integration, outsourcing, and maintenance services to Korean financial institutions and public sector organizations.

Product overview

TAEHWA INNOVATION offers a comprehensive document management and digitization portfolio consisting of hardware (HW) and software (SW) solutions. The core SW platform is DNI (전자화 작업장 솔루션), an all-in-one document digitization workflow management system that handles scanning, quality inspection, and certified document center transmission. This platform is enhanced by add-on modules including DNI-AI OCR for deep learning-based text extraction, DNI-PMask for AI-powered personal information masking, DNI-IPS for image processing, FEVER (Biz Rule Engine) for business rule management, DASS for automated document classification, HTML5 Viewer for web-based document viewing, and DNI-HUB for high-performance image conversion. The HW portfolio includes high-speed scanners (LA600/LA800, IntelliScan XDS, HGS-Series), tablet monitors (TH-1500TB/TW), fingerprint scanners (Finger Scan-D), kiosks (HPA-500K, mini kiosk), and tablet PCs (T-Model). The company serves financial institutions and public sector organizations with consulting, system integration, and outsourcing services.

Differentiator

Problem solved

Functional benefit

Brands

• DNI (전자화 작업장 솔루션): Document digitization workflow solution for managing the entire document electronicization process including scanning, quality control, and certified document center transmission.
• DNI-AI OCR
• FEVER (Biz Rule Engine)
• DASS (문서 자동분류 시스템)

Products and services

• DNI (Electronic Document Workflow Solution / 전자화 작업장 솔루션) End-to-end electronic document workflow management solution covering the entire digitization process from trusted scanning to certified electronic document center transmission. Includes DNI-Server, DNI-Scan Station, DNI-Manager, DNI-Auto Quality, DNI-Auto Recognizer, DNI-Auto Transfer, DNI-EP-Plug-In, DNI-Plus, and security modules. Designed for financial institutions and public sector document digitization operations.
• DNI-AI OCR AI-powered optical character recognition solution using deep learning (CNN for text block detection, CRNN+CTC for character recognition). Supports Korean, English, numbers, and special characters across public documents, court documents, ID cards, tables, handwritten text, and CAPTCHA. Provides confidence scoring and NLP-based post-processing for financial and public sector document processing.
• DNI-PMask (Personal Information Masking / 개인정보 마스킹) AI OCR-based personal information detection and masking solution supporting real-time and batch processing with permanent or annotation-type masking. Template-based auto-application with 95%+ detection rate and sub-second per-document processing. Includes audit trail functionality. Designed for compliance with personal information protection regulations in financial and public sector document workflows.
• DNI-IPS (Image Processing Solution / 이미지 솔루션) Image processing suite providing JPEG2000 compression, Bit Depth conversion, noise removal, tilt correction, encryption, Twain scanner integration, virtual printer, and HTML5 viewer. Processes document images for storage, viewing, and integration with enterprise content management systems.
• FEVER (Biz Rule Engine) Rule-based electronic document processing solution for managing business rules, form validation, and data verification for digital teller systems and online contract platforms. Enables flexible response to policy, regulation, and service changes without coding. Used by Hana Bank, KB Kookmin Bank, NongHyup Bank, and Suhyup Bank for digital teller BPR.
• DASS (Document Auto Classification System / 문서 자동분류 시스템) High-speed document auto-classification system using form recognition and OCR. Classifies documents into designated categories automatically at 550 PPM and supports verification workflows. Used by Woori Bank for deposit termination document extraction and NongHyup Bank for cancellation document processing.
• HTML5 Viewer Web-standard HTML5-based image viewer supporting Multi-TIFF, BMP, PNG, JPG, JPEG2000 with zoom, rotate, annotate, and crop features without requiring a conversion server. Designed for browser-based document viewing in enterprise document management systems.
• DNI-HUB (Image Hub / 이미지 허브) High-performance multi-node image conversion engine with OpenAPI, supporting PDF, TIFF, JPEG, PNG, WEBP, and JPEG2000 conversion. In-memory queue-based parallel processing pipeline for large-scale image environments. Designed for enterprise-scale document image management.
• LA600 / LA800 High-Speed Scanner High-speed document scanner optimized for processing checks, utility bills, and gift certificates at speeds up to 50,000 documents per hour with automatic pocket sorting (up to 48 pockets). Distributed in South Korea under exclusive domestic distribution rights from BANCTEC.
• IntelliScan XDS World market-leading high-speed scanner capable of scanning, recognizing, and sorting up to 550 sheets per minute. Designed for BPR centers and large document repositories. Used by NongHyup Bank and Korea Institute for Curriculum and Evaluation.
• HGS-Series Scanner MICR scanner with UV/IR sensors for check fraud detection, processing A4 documents at 100 sheets per minute with auto-stamping capability for endorsement. Distributed under domestic distribution partnership with Hantle System.
• TH-1500TB / TH-1500TW Tablet Monitor (태블릿 모니터) Electromagnetic pen and touch-screen tablet monitor with 2048-level pressure sensitivity, designed for banking, hospital, and government applications with domestically developed technology. Deployed at Jeonbuk Bank (550 units), Mirae Asset Daewoo (650 units), and Woori Card.
• Finger Scan-D Dual-function scanner for stamp and fingerprint capture with FBI IAFIS Appendix F and PIV-071006 certification, featuring ink residue removal and anti-fraud capabilities. Proprietary product complemented by Union Community fingerprint scanner distribution.
• HPA-500K KIOSK Full-service financial kiosk supporting IC cards, passbooks, NFC, touch screen, voice guidance, and ticket issuance, excluding cash withdrawal functionality. Designed for unattended branch and financial self-service applications.
• Credit Card Mini Kiosk (신용카드전용 미니키오스크) Compact credit card mini kiosk with lightweight design, space-efficient layout, and integrated receipt printer for card transaction processing. Designed for card business branches and customer service points.
• T-Model Tablet PC 10.1-inch Android tablet PC with capacitive touch screen, designed for table ordering in restaurants, cafes, and hotel room service applications. Deployed at T-Order (주) for restaurant table ordering.
• Cloud-Based Distributed Digitization Workstation Solution (국내 최초 Cloud 방식 분산형 전자화작업장) Korea's first cloud-based distributed electronic document digitization workstation solution. Enables financial institutions, credit guarantee funds, and loan companies to securely store bond documents without requiring centralized on-premise digitization infrastructure. Based on the DNI platform architecture.

Quantifiable outcome

• AI OCR detection rate of 95%+ with sub-second (under 1 second) processing per document
• +2 more outcomes

Named customers29 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature8 records

Partnerships

Four partnerships are on record, tiered minor and core.

• NAVER Cloud PlatformminorStrategic or Co-development Partner · 1 April 2020Partnership agreement for cloud platform collaboration, announced April 2020. Likely involves hosting or deployment of TAEHWA solutions on NAVER Cloud infrastructure.
• BANCTEC (미국)coreChannel Partner/ Reseller/ Distributor · 1 June 2015Exclusive domestic distribution rights for BANCTEC ultra-high-speed scanners in South Korea, signed June 2015. BANCTEC is a globally leading high-speed scanner manufacturer.
• Hantle System (주)한틀시스템)coreChannel Partner/ Reseller/ Distributor · 1 May 2015Domestic distribution partnership for check processing scanners, established May 2015. Product covers check, slip, and A4 document scanning for financial institutions.
• Union Community (주)유니온커뮤니티)coreChannel Partner/ Reseller/ Distributor · 1 January 2015Domestic distribution partnership for fingerprint scanners, enabling TAEHWA to resell Union Community fingerprint scanner products alongside its own Finger Scan-D product.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Hancom Group: Korean document processing software vendor with deep roots in Korean government and enterprise. Comparable to TAEHWA's domestic market positioning and HWP-centric document workflow capabilities.

Direct peers

• Tungsten Automation (formerly KOFAX): Global leader in document capture, OCR, and intelligent automation serving financial institutions. Directly comparable to TAEHWA's DNI digitization and AI OCR offering at much larger scale.
• DocuWare: Cloud-based document management and workflow automation platform for mid-market and enterprise. Comparable to TAEHWA's cloud-distributed digitization workstation and document management modules.
• ABBYY: Provides OCR, document AI, and process intelligence for enterprise document workflows. Direct competitor to TAEHWA's DNI-AI OCR and DNI-PMask capabilities across banking and public sector.
• Laserfiche: Enterprise content management and workflow automation vendor with strong presence in financial services and government. Comparable to TAEHWA's DNI workflow and certified document center capabilities.

Broad incumbents

• Hyland Software: Large enterprise content management and process automation vendor serving banks and insurers. Overlaps with TAEHWA's DNI platform and rule engine but addresses a broader workflow portfolio.
• OpenText: Global enterprise information management company providing document management, ECM, and content services. Competes in the same document digitization space as TAEHWA, particularly for large enterprise deployments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/taehwa-innovation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 TAEHWA INNOVATION