Name

Koreasoft Co.,Ltd.

Legal name

KOREANOVA Co.,Ltd.

Website

https://koreasoft.kr

Company type

Private

Founded year

2018

Operating status

Operating

Ownership category

akta.pro rank

Product category

Agricultural Technology / Smart Farm Software

NAICS

Farm Machinery and Equipment Manufacturing (333111)

SIC

Agricultural Services (700), Farm Machinery & Equipment (3523)

akta.pro primary industry

Insect Farming (Crickets, Mealworms, Black Soldier Fly) (AFAEAIAI)

akta.pro secondary industries

IoT Farm Sensors & Edge Devices (Soil, Weather, Crop, Water) (AFAAAFAC), Precision Sensing & Monitoring (Soil/Weather Stations, In-Field Sensors, IoT) (AFAGALAB), Farm Technology Enablement & Data Integration Advisory (FMIS/ERP, IoT, Decision Support) (AFACAJAG), Integrated Pest Management (Biological Controls, Monitoring, Reduced Pesticides) (AFAGAMAC)

Keywords

• IoT smart farming
• Edible insect farming
• Agricultural automation
• Smart farm platform
• Insect mass breeding

Headquarters

HQ city

Bupyeong-gu, Incheon

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. BugsFarm Smart Farm Platform Sales & Implementation: Sale and deployment of the BugsFarm IoT smart farm platform to government institutions, agricultural research centers, and enterprise customers. Revenue is generated through project-based implementation contracts and solution sales, as evidenced by the 5.1 billion won Yecheon insect smart farm project and multiple deliveries to research institutes and county governments.
2. Smart Farm Facility Construction: Large-scale construction and automation of insect farming facilities, including the Yecheon Insect Smart Factory (51 billion won project, completion expected May 2026) and supply of large-scale logistics technology systems capable of handling 20,000 boxes.
3. AI Insect Smart Farm Licensing – International Markets: Licensing of AI insect smart farm technology and products (e.g., pomegranate collagen jelly) to international buyers in the Middle East (Saudi Arabia, UAE) following GITEX 2025 MOU signings.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Koreanova sells the BugsFarm IoT smart farm platform that integrates temperature, humidity, and CO2 sensors with AI-driven analytics and automated control devices to enable standardized, scalable mass breeding of edible insects (primarily mealworms and white-spotted flower beetles). The company also delivers large-scale smart farm facility construction projects (e.g., the 5.1 billion KRW Yecheon Insect Smart Factory) and licenses its AI insect smart farm technology internationally.

Product overview

Koreasoft Co., Ltd. (d.b.a. Koreanova) operates as a single-product company focused on the BugsFarm IoT smart farm platform for edible insect farming. BugsFarm serves as the core product, combining IoT environmental sensing, AI-driven data analysis, and automated control systems to enable scalable, standardized mass-breeding of edible insects. The company has also pursued related product development including a pomegranate collagen jelly (targeting functional food markets) and insect smart farm logistics technology, but these are not yet listed as standalone named product brands.

Differentiator

Problem solved

Functional benefit

Brands

• BugsFarm: A solution that measures temperature, humidity, and CO2 and drives control devices according to analysis results to increase productivity, efficiency, and quality improvement.

Products and services

• BugsFarm BugsFarm is an IoT-based smart farm platform that measures temperature, humidity, and CO2 levels in edible insect rearing environments and drives automated control devices based on AI analytics to improve productivity, efficiency, and product quality. It is sold to government agricultural institutions, county administrations, national research institutes, and AgTech enterprises seeking to standardize and scale insect mass breeding.
• Edible Mealworm Automatic Breeding System An automated system for mass-breeding edible mealworms (Tenebrio molitor), NET-certified by the Korea Industrial Technology Association in 2022. Sold as part of Koreanova's smart farm deployment packages to government agricultural research institutes and insect farming operators.
• AI Insect Smart Farm (International Offering) An internationally packaged version of Koreanova's insect smart farm technology combining IoT environment monitoring, AI-based analytics, and automated control devices. Marketed to Middle East and Southeast Asia buyers through trade show presence and licensing arrangements.
• Pomegranate Collagen Jelly A functional food product launched at GITEX 2025 for international buyers, leveraging Koreanova's agricultural technology capabilities to enter the Middle East functional food market.

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

34 partnerships are on record, tiered core and minor.

• Gangwon Land (강원랜드)coreStrategic or Co-development PartnerGangwon Land, a major integrated resort and casino operator in Gangwon Province, collaborates with Koreanova on robot integrated control system projects, including the Gangwon Land Robot Integrated Control System project initiated in May 2022.
• Kyungnam National University (경남대학교)coreStrategic or Co-development PartnerKyungnam National University partners with Koreanova for joint R&D and academic collaboration in agricultural technology and smart farm development, including capstone design programs and technology cooperation.
• Gyeongsang National University (경상국립대학교)coreStrategic or Co-development PartnerGyeongsang National University collaborates with Koreanova on smart farm R&D initiatives and academic-industry cooperation in agricultural technology.
• National Police Agency of Korea (경찰청)coreStrategic or Co-development PartnerKoreanova works with the National Police Agency on technology projects contributing to public safety and digital transformation initiatives.
• Gokseong-gun County (곡성군)coreStrategic or Co-development PartnerGokseong-gun County partners with Koreanova for insect smart farm deployment and agricultural digitalization projects in the county region.
• National Institute of Agricultural Sciences / Jeonnam Agricultural Extension Center (농업기술원)coreStrategic or Co-development PartnerJeonnam Agricultural Extension Center collaborates with Koreanova on ICT automation of insect breeding facilities, including large-scale production of white-spotted flower beetles and joint insect industry development agreements.
• Rural Development Administration (농촌진흥청)coreStrategic or Co-development PartnerRural Development Administration partners with Koreanova on agricultural technology innovation and smart farm development, supporting the company's participation in national agricultural digitalization programs.
• Korea Taekwondo Association (대한태권도협회)minorStrategic or Co-development PartnerKoreanova developed the Kukkiwon ERP System for the Korea Taekwondo Association in 2020, expanding into sports management digitalization.
• Ewha Womans University (이화여자대학교)coreStrategic or Co-development PartnerEwha Womans University collaborates with Koreanova on smart farm R&D and digital transformation projects in the agricultural technology space.
• Incheon International Airport (인천공항)minorStrategic or Co-development PartnerIncheon International Airport partners with Koreanova for digital innovation projects leveraging IoT and smart systems technologies.
• Incheon Transit Corporation (인천교통공사)minorStrategic or Co-development PartnerIncheon Transit Corporation collaborates with Koreanova on digital transformation and smart management system projects.
• Incheon Technopark (인천테크노파크)coreStrategic or Co-development PartnerIncheon Technopark, a regional technology hub, partners with Koreanova for technology development and commercialization support, including IoT platform projects.
• Jeonnam Science University (전남과학대학교)coreStrategic or Co-development PartnerJeonnam Science University partners with Koreanova for joint research and talent development in smart farm and agricultural technology fields.
• Jeju Fish Farming Cooperative (제주어류양식수협)minorStrategic or Co-development PartnerJeju Fish Farming Cooperative partnered with Koreanova for the development of a fishery product history tracking system, including MOU and commercialization in October 2019.
• Jeju Special Self-Governing Province (제주특별자치도)coreStrategic or Co-development PartnerJeju Special Self-Governing Province collaborates with Koreanova on regional digital transformation and smart system projects.
• Korea Startup Promotion Foundation (창업진흥원)coreStrategic or Co-development PartnerKoreanova was selected for the Initial Start-up Package of the Korea Startup Promotion Foundation in 2021, receiving startup support and development assistance.
• Korea Southern Power Company (한국남부발전주식회사)minorStrategic or Co-development PartnerKorea Southern Power Company, a state-owned power generation company, partners with Koreanova on technology projects including safety management systems.
• Korea University Sports Federation (한국대학스포츠협의회)minorStrategic or Co-development PartnerKoreanova developed a rehabilitation solution for the Korea University Sports Federation in 2021, including an AI-based rehabilitation support solution.
• Korea-Ukraine New Building Association (한국-우크라이나 뉴빌딩 협회)minorStrategic or Co-development PartnerInternational cooperation partnership with the Korea-Ukraine New Building Association for cross-border technology and construction industry collaboration.
• Korea Electric Power Corporation – KEPCO (한국전력공사)minorStrategic or Co-development PartnerKEPCO collaborates with Koreanova on safety management system development, including KEPCO Safety Management System certification in February 2023.
• Electronics and Telecommunications Research Institute – ETRI (한국전자통신研究院)coreStrategic or Co-development PartnerETRI, a major government research institute, partners with Koreanova on AI platform development and smart technology R&D, including the AI platform for herbal medicine project in January 2023.
• Korea Information and Communication Technology Association – TTA (한국정보통신기술협회)coreStrategic or Co-development PartnerTTA, a national ICT standards and certification body, collaborates with Koreanova on technology standards, certification, and digital transformation initiatives.
• Korea Information Society Agency – NIA (한국정보화진흥원)coreStrategic or Co-development PartnerNIA partners with Koreanova on national digital transformation projects, including IoT platform development for regional content agencies.
• Korea Institute of Oriental Medicine – KIOM (한국한의학연구원)coreStrategic or Co-development PartnerKIOM collaborates with Koreanova on AI platform construction for herbal medicine and biohealth research initiatives.
• Ministry of Oceans and Fisheries (해양수산부)coreStrategic or Co-development PartnerMinistry of Oceans and Fisheries partners with Koreanova on maritime and fisheries digitalization projects, including cold chain logistics control systems.
• Insect Silk Research Institute (곤충잠업연구소)coreStrategic or Co-development PartnerThe Insect Silk Research Institute, part of the Jeonnam Agricultural Technology Center, partnered with Koreanova for the deployment of the 'Mealworm Smart Farm' system using AI and robotics, with completed delivery in September 2024.
• Korea Sports Management Corporation – KOCOS (한국스포츠산업진흥원)minorStrategic or Co-development PartnerKOCOS partners with Koreanova on sports digitalization projects including e-sports development initiatives.
• E-Sports Federation for Persons with Disabilities in Korea (대한장애인e스포츠연맹)minorStrategic or Co-development PartnerKoreanova signed an MOU with the E-Sports Federation for Persons with Disabilities in Korea in June 2021 to co-develop rehabilitation solutions and support disability e-sports events.
• Asia Airlines IDT (아시아나IDT)coreTechnology or IntegrationAsia Airlines IDT, an IT services company affiliated with Asiana Airlines, partners with Koreanova on technology integration and digital solutions projects.
• Innovus (이노그리드)coreTechnology or IntegrationInnovus, a technology company, partnered with Koreanova and hosted the '2022 Partners Day' event in October 2022 to strengthen cooperation among partner companies.
• Innovus (이노식스)coreTechnology or IntegrationInnovus (이노식스) collaborates with Koreanova on technology solutions and smart system integrations.
• S1 Corporation (주식회사 에스원)coreStrategic or Co-development PartnerS1 Corporation, a major security and facility management company, partners with Koreanova on smart facility management and integrated control system projects.
• Humanicade (허니아케이드)minorStrategic or Co-development PartnerHumanicade collaborates with Koreanova on technology and innovation projects.
• LG Electronics (LG전자)coreStrategic or Co-development PartnerLG Electronics, a global consumer electronics and technology company, partners with Koreanova on smart technology solutions and IoT integration for agricultural applications.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Ÿnsect: French insect farming company producing mealworm-based protein for feed and food. Direct peer in edible insect farming with automated, large-scale production facilities — closest analog to Koreasoft's BugsFarm platform and mealworm focus, though Ÿnsect focuses on production rather than selling automation technology.
• Protix: Dutch insect farming company producing black soldier fly larvae for animal feed using automated industrial facilities. Comparable to Koreasoft in the insect protein production domain with heavy reliance on automation and process technology to achieve scale and consistency.
• InnovaFeed: French insect protein producer using black soldier fly for aquafeed and pet food at industrial scale. Comparable to Koreasoft's vertical integration of insect production with proprietary automation technology, and a relevant peer for the edible/feed insect farming business model.

Broad incumbents

• CropX: Israeli precision agriculture company offering IoT soil/environmental sensors and farm analytics platform. Comparable to Koreasoft's BugsFarm sensor and AI analytics architecture for environment-driven agricultural decision automation.
• Certhon: Dutch company designing and building high-tech greenhouses and indoor farming facilities worldwide. Comparable to Koreasoft for the smart farm construction and turnkey project delivery business model, particularly with the Yecheon Insect Smart Factory project.
• Priva: Dutch leader in climate and process control for horticulture and indoor farming with global installed base. Comparable to Koreasoft as a smart farm automation platform provider, though Priva focuses on greenhouse/horticulture rather than insect farming specifically.
• Semios: Canadian precision agriculture platform using IoT sensors, AI, and predictive analytics for crop management. Comparable to Koreasoft's BugsFarm IoT + AI architecture for environmental sensing and automated control, though applied to specialty crops rather than insects.

Emerging players

• nextProtein: French-Tunisian insect protein company producing black soldier fly-based feed ingredients using automated production. Comparable to Koreasoft in the industrial insect farming domain with focus on automation technology and Mediterranean/MENA market expansion — relevant peer for the Middle East strategy.
• Entocycle: UK-based insect farming technology provider using automation and robotics for black soldier fly production. Comparable to Koreasoft as a technology-focused insect farming automation peer; smaller and earlier-stage but operating in the same niche.

Regional players

• Greenlabs: Korean agtech company providing smart farming solutions and agricultural data platforms to Korean farms. Comparable to Koreasoft as a domestic Korean agtech peer pursuing smart farm digitization, though Greenlabs focuses on crop production rather than insect farming.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

Compliance6 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 Koreasoft Co.,Ltd.