Korea Firstec

What Korea Firstec does

Korea Firstec (코리아퍼스텍) is a privately held South Korean IT services company founded in 1988, specializing in database construction, system integration, IT outsourcing, IT infrastructure, and proprietary migration and modernization solutions for government and financial sector clients. The company's core product is the Smart Conversion Suite, an automated migration suite that includes Smart Analyzer (application analysis), Program Language Conversion Automation (COBOL-to-Java), Server Conversion Automation (Unix-to-Linux, or U2L), and SmartBlue Database Conversion Automation (cross-DBMS migration such as SYBASE IQ to EXADATA/VERTICA). The company claims the suite reduces migration time and cost by 50% compared to manual conversion. Korea Firstec also operates the Titans Platform, a B2C/B2B multimedia streaming and commerce ecosystem based on its patented DIMPEC technology (registered in Korea, USA, Japan, China, and Taiwan).

The company generates revenue through multiple streams: professional services for system integration and database construction under multi-year government contracts; managed services for IT outsourcing; software licensing and maintenance for the Smart Conversion Suite; IT infrastructure hardware/software sales; consulting; and advertising/marketplace revenue from the Titans Platform. The go-to-market is primarily enterprise field sales through Korean public procurement bidding for ministries, courts, prosecution services, tax administration, and financial regulator projects, supplemented by direct sales to banks and large enterprises. International expansion began in 2025 via a distribution partnership with Japan's OB System (a Hitachi subsidiary) for the Smart Conversion Suite, and a strategic MOU with ArkData for joint migration automation market development in Korea. Korea Firstec holds ISO 9001, ISO 14001, GS, INNO-BIZ, MAIN-BIZ, and venture company certifications, and is led by Co-CEOs Jang Young-gyu (장영규) and Kim Sang-jik (김상직). The company is headquartered in Gangseo-gu, Seoul, with a second office under construction in Sejong, and serves 60+ client organizations with 200+ employees across more than 30 years of operating history.

Name

Korea Firstec

Legal name

주식회사 코리아퍼스텍

Website

https://first2000.co.kr

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

Korea Firstec is a privately held Korean IT services firm founded in 1988 that provides database construction, system integration, IT outsourcing, and proprietary legacy migration software (Smart Conversion Suite) to Korean government ministries, courts, and financial institutions, with early-stage Japan expansion via OB System partnership.

Ownership category

akta.pro rank

Product category

IT Services and Enterprise System Modernization

NAICS

Computer Systems Design and Related Services (5415), Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

ITIL/ITSM Process Consulting & Implementation (BPAEAJAB)

akta.pro secondary industries

ITSM Platform Implementation & Administration (ServiceNow/JSM/BMC/etc.) (BPAEAJAC), IT Operations, Event & Incident Management (NOC/SOC-to-ITSM) (BPAEAJAH), IT Asset Discovery, Inventory & CMDB Services (BPAEAOAE)

Keywords

• Legacy system migration
• Government IT services
• System integration
• Database construction
• Financial IT modernization

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. System Integration (SI): Design and construction of information systems for government, financial institutions, and enterprises. Includes custom software development, application modernization, and platform development.
2. IT Outsourcing (ITO): Ongoing operation and maintenance of customer information systems, application management, and IT infrastructure support services typically contracted on multi-year basis.
3. Database Construction: Large-scale database development projects including government national database projects, public institution database construction, document digitization, and data quality management.
4. Software Solutions: Sale and distribution of proprietary migration solutions including Smart Conversion Suite, Smart Analyzer, and U2L automation tools. Revenue from software licensing and maintenance in domestic and international markets.
5. IT Infrastructure: IT infrastructure design and construction covering servers, networks, cloud environments, and hardware/software procurement and installation.
6. Multimedia Streaming (Titans Platform): B2C/B2B multimedia services platform generating revenue through advertising (Sprint), marketplace transactions (Freemarket), and smart device commerce.
7. IT Consulting: Information system master planning, cloud migration advisory, and IT architecture design consulting services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels3 records

Core offering

Korea Firstec provides enterprise IT services and proprietary migration solutions to government, financial, and large enterprise customers in South Korea. Its core offerings include System Integration, IT Outsourcing, large-scale Database Construction, IT Infrastructure, and IT Consulting, underpinned by the Smart Conversion Suite — an AI-powered automated migration toolset for COBOL-to-Java, Unix-to-Linux, and cross-database modernization projects. The company also operates the Titans Platform for multimedia streaming and commerce.

Product overview

Korea Firstec (코리아퍼스텍) is an IT services company offering a portfolio of migration and modernization solutions, system integration, IT outsourcing, and infrastructure services. The core product is the Smart Conversion Suite, which provides automated migration tools including Smart Analyzer (application analysis), Server Conversion Automation (U2L), Program Language Conversion Automation (COBOL to Java), and SmartBlue Database Conversion Automation. The company also offers the Titans Platform for digital commerce and multimedia streaming. Additional solutions include Designated MAC Authentication devices, Intelligent Window Reservation systems, and Digital Window/Paperless systems for financial institutions. Services span database construction, system integration, IT outsourcing, infrastructure setup, and consulting.

Differentiator

Problem solved

Functional benefit

Brands

• Titans Platform: Digital ecosystem platform for Freemarket (B2C/B2B), Sprint advertising platform, Smart Device Commerce, and Online/Offline shopping mall solutions.
• Smart Conversion Suite
• DIMPEC

Products and services

• Smart Conversion Suite (스마트 컨버전 스위트) AI-powered migration solution for automated conversion of legacy systems, including COBOL to Java, server U2L (Unix to Linux), and database conversion automation. Reduces migration time and costs by half.
• Database Construction Services Comprehensive database construction services including modeling, normalization, digitization, and data quality management for government and public institutions.
• System Integration (SI) Services Design and construction of information systems for government, financial institutions, and enterprises, including custom software development, application modernization, and platform development.
• IT Outsourcing (ITO) Services Ongoing operation and maintenance of customer information systems, application management, and IT infrastructure support services, typically contracted on a multi-year basis.
• IT Infrastructure Services IT infrastructure design and construction covering servers, networks, cloud environments, and hardware/software procurement and installation.
• IT Consulting Services Information system master planning, cloud migration advisory, and IT architecture design consulting services.
• Titans Platform Digital ecosystem platform supporting bidirectional multimedia services and smart device commerce, comprising Freemarket (user-participatory marketplace), Sprint (advertising platform), and shopping mall solutions.
• Designated MAC Authentication Device Hardware device for internal control systems using designated MAC address authentication, with 2000+ units delivered to BNK Busan/Gyeongnam Bank.
• Digital Window System (PPR) Paperless system for financial branch operations, enabling digital processing of savings and lending workflows.
• Tablet Branch System (ODS) Mobile tablet-based branch system for digital customer service and sales support at financial institutions.

Quantifiable outcome

• Reduces migration time and costs by 50% compared to manual conversion

Named customers21 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core and minor.

• OB System (일본)coreChannel Partner/ Reseller/ Distributor · 30 April 2025Korea Firstec signed a distribution agreement with OB System, a Japanese solution company, on April 30, 2025, for handling the 'Smart Conversion Suite' migration (data backup/restore) solution. OB System will provide sales representation and maintenance services for the solution in the Japanese market. The partnership is part of Korea Firstec's international expansion strategy, with plans to pursue PoC projects with Japanese companies including Hitachi affiliates for COBOL to Java automated conversion.
• ArkData (아크데이타)coreStrategic or Co-development Partner · 24 April 2025Korea Firstec and ArkData signed a strategic MOU on April 24, 2025, for joint market development in application and data migration automation services. The partnership enables both companies to provide automated services for application and data migration, strengthening market competitiveness through combined capabilities in migration automation technology.
• Hyundai Autoever (현대오토에버)minorImplementation/ SI/ Consulting Partner3-company consortium with Hyundai Autoever and Incheon International Airport Corporation for Dominican Republic immigration management system construction project in 2015.
• Incheon International Airport Corporation (인천국제공항공사)minorImplementation/ SI/ Consulting Partner3-company consortium with Hyundai Autoever and Korea Firstec for Dominican Republic immigration management system construction project in 2015.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• NEC Corporation: Japanese-headquartered SI and government/biometrics specialist; competes with Korea Firstec in biometrics, immigration systems, and public-sector modernization projects across Asia.
• Fujitsu: Global Japanese-headquartered IT services company with a strong legacy-mainframe modernization practice; competes with Korea Firstec's Smart Conversion Suite in the Japanese legacy-modernization market Korea Firstec is targeting.
• LG CNS: Large Korean SI and cloud/digital transformation provider serving banks, government, and conglomerates; overlaps directly with Korea Firstec's financial-sector and public-sector modernization offerings.
• Samsung SDS: Korea's largest IT services company and a major government/financial SI incumbent, competing for the same public-sector modernization and digital transformation contracts Korea Firstec bids on, but at a materially larger scale.
• Hyundai Autoever: Korean SI arm of Hyundai Motor Group, active in automotive, public-sector, and overseas IT projects; has previously partnered with Korea Firstec as a consortium member on the Dominican Republic immigration system project.
• NHN (formerly NHN Entertainment): Diversified Korean IT firm spanning cloud, payments, and public-sector services; competes with Korea Firstec in cloud migration and government digitalization engagements.
• Hitachi (Hitachi Systems / OB System parent): Japan-headquartered global IT services and systems integrator; relevant because Korea Firstec's channel partner OB System is a Hitachi affiliate and Japanese COBOL-modernization is a key growth vector — making Hitachi a potential customer, competitor, and partner simultaneously.

Emerging players

• MTS (Modern Technology Solutions) / Micro Focus (legacy migration tooling): Micro Focus provides enterprise COBOL/legacy modernization tooling and competes at the software-product layer with Korea Firstec's Smart Conversion Suite in the same global legacy-migration niche.

Direct peers

• Douzone: Korean mid-to-large ERP and SI firm specializing in legacy modernization, cloud migration, and public-sector digital transformation — directly comparable in scale, customer mix, and modernization focus to Korea Firstec.
• Lotte Data Communication: Korean IT services company serving financial institutions and public agencies with system integration, data, and digital transformation offerings — comparable in customer profile and project types to Korea Firstec.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Korea Firstec