VIRNECT Co., Ltd.
KKRX:4387001,706.00
KRW
-20.00
(-1.16%)
ISIN
KR7438700007
Return %
Stock
S&P 500
1Y
-56.37
14.39
3Y
-78.24
81.42
5Y
- -
68.62
Capital Structure
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in mil. unless spec.Working Capital
KRW
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in mil. unless spec.Growth Rates
KRW
•
in mil. unless spec.Quarterly Revenue
KRW
•
in mil. unless spec.Quarterly Earnings Per Share
KRW
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in mil. unless spec.Quarterly Dividends Per Share
KRW
•
in mil. unless spec.Company Description
- CEO
- Tae-Jin Ha
- Full Time Employees
- 89
- Sector
- Technology services
- Industry
- Packaged software
- Address
- Seoul South Korea
- IPO Date
- Jul 26, 2023
- Website
- virnect.com
- Similar Companies
- Business
- VIRNECT Co., Ltd. is a South Korea-based software and technology company specializing in industrial extended reality (XR), artificial intelligence (AI), computer vision, and digital twin solutions. Founded in 2016 and headquartered in Seoul, South Korea, the company develops enterprise-grade software and hardware platforms designed to optimize operational safety, training efficiency, maintenance workflows, and remote collaboration across industrial field environments. VIRNECT operates internationally through regional entities, including its European subsidiary Virnect Europe GmbH located in Vienna, Austria, and its North American affiliate VIRNECT USA, Inc. in San Jose, California, serving commercial clients and government organizations across manufacturing, energy and utilities, chemicals, semiconductors, displays, construction, and telecommunications sectors. The company offers a modular portfolio of industrial XR and digital transformation products and services, organized across key functional domains: remote support and collaboration platforms, comprising VIRNECT Remote, a real-time multi-party augmented reality (AR) communication tool that facilitates live video sharing, spatial pointer annotations, document transfer, and expert guidance on smart glasses, mobile devices, and PC interfaces, alongside integrated body-worn camera solutions for field inspection streaming; no-code immersive content authoring and visualization tools, including VIRNECT Make, a drag-and-drop AR authoring software that enables non-programmers to convert standard operating procedures, 2D manuals, and 3D CAD data into interactive AR instruction manuals, and VIRNECT View, a cross-platform viewer for deploying and rendering interactive AR instructions and digital manuals on smartphones, tablets, and smart glasses; digital twin and simulation platforms, including VIRNECT Twin, which visualizes, monitors, and simulates real-time 3D telemetry and sensor data from complex industrial facilities to predict failures and optimize operations, as well as Robosim for robotic arm simulation and virtual offline programming; computer vision and AI-powered quality inspection systems, featuring VIRNECT Inspect, an automated visual defect detection software utilizing deep learning and spatial tracking for manufacturing quality assurance, and ChatX, a specialized generative AI work-assistance chatbot; and specialized hardware and development kits, including VisionX smart wearable devices, autonomous patrol robot integration systems, and the proprietary Track XR SDK, a software development kit providing surface tracking, target recognition, and multi-modal spatial computing capabilities for third-party application developers. In recent corporate developments, VIRNECT has accelerated its market expansion, commercial partnerships, and product innovation following its public listing on the KOSDAQ market (KRX: 438700). In 2024, the company entered into a strategic joint development and manufacturing agreement with Model Solution, a subsidiary of Hankook & Company Group, to engineer, develop UI/UX software for, and commercialize next-generation industrial AR smart glasses tailored for high-precision manufacturing, semiconductor fabrication, and biotechnology environments. VIRNECT has also broadened its international footprint through regional alliances, including a memorandum of understanding with Malaysian telecommunications operator CelcomDigi to build experiential industrial metaverse and enterprise training programs, a distribution and service partnership with XR Associates and Unit Concept to deploy XR solutions across Southeast Asian energy assets, and participation in the European Union-supported SYNERGISE consortium to deliver spatial computing toolkits for disaster management and public safety operations. Additionally, the company continuously updates its flagship software suite, integrating advanced generative AI and cloud infrastructure to reduce enterprise deployment barriers and enhance automated digital twin modeling.