Woney Lee, CEO of SpaceBank
Since its establishment in 2018, SpaceBank (CEO Woney Lee) has been at the forefront of AI RPA (Robotic Process Automation) solutions, positioning itself as a digital transformation (DX) specialist IT company focused on DNA (Data, Network, AI).
SpaceBank provides solutions that analyze and utilize data through a DataOps-based low-code development methodology. It designs customized DX roadmaps for its clients. The company is pivotal in advancing AI DX technology by addressing key management challenges.
One of its flagship solutions, ‘AIoT Wright,’ is an intelligent security and monitoring system combining AI and IoT. It integrates data from various sensors, including fall detection, heart rate, respiration, temperature, humidity, and vibration, making it applicable in smart hospitals, factories, and buildings. The solution is currently deployed in facilities such as the Baekdudaegan Arboretum, a national security site, and Incheon’s 2nd Municipal Dementia Nursing Home for safety and human care purposes.
Another notable offering, the intelligent integrated monitoring solution AIoT Wright GX, collects, analyzes, and standardizes heterogeneous sensor data in real-time to build dashboards that assist decision-making. Recently certified with Cloud Security Assurance Program (CSAP) approval, it is now equipped with robust security systems suitable for use in public institutions.
SpaceBank’s DX solution brand, ‘RAIID,’ delivers AI-, RPA-, and data-based SaaS solutions that support data processing and task automation. RAIID, offered in a Robot-as-a-Service (RaaS) format, is extendable to diverse sectors such as logistics robot monitoring, smart factories, and patient safety monitoring.
By leveraging low-code technology, SpaceBank achieves efficient digital transformation while significantly reducing costs and time. Compared to traditional high-code approaches, the company’s systems can be built with 1/20th of the resources, delivering fast and flexible user-customized data. These innovations have been recognized with Grade 1 software quality certification (GS) and designation as an innovative procurement product by Korea’s Public Procurement Service.
SpaceBank is also making strides in domestic and international markets. The company showcased its solutions at consecutive MWC events in 2023 and 2024 and engaged in discussions on digital collaboration with the UAE’s Minister of AI during the Expand North Star exhibition in Dubai. Building on this momentum, SpaceBank is strengthening its global sales network to accelerate entry into Middle Eastern and other international markets.
Photo provided by SpaceBank
Headquartered in Pangyo, the heart of IT innovation, SpaceBank directly engages with technological trends and the industrial ecosystem to establish a foundation for global business. As a resident of the Seongnam Global Convergence Center, the company benefits from extensive networking and marketing support, laying the groundwork for sustainable growth and global expansion.
With plans to go public within five years, SpaceBank is set to solidify its position in domestic and international digital transformation markets. As a leader in AI DX, the company continues to spearhead digital innovation and embrace future challenges.
Pangyo Techno Valley is a global integrated R&D hub focused on IT, BT, CT, and NT, integrating Research (R), People (P), Information (I), and Trade (T). As Gyeonggi-do’s representative innovation cluster, Pangyo Techno Valley was established to secure national new growth drivers such as technological innovation, human resource development, job creation, and enhancing international business competitiveness. As of 2023, 1,666 companies employ 78,751 people, and it has positioned itself as the most innovative hub in South Korea, with sales amounting to 167.7 trillion KRW (125.5 billion USD).
Furthermore, the Techno Valley Innovation Division of the Gyeonggi-do Business & Science Accelerator (GBSA) holds monthly events such as the Pangyo Evening Meet-Up, Pan-Pan Day, and the Pangyo Startup Investment Exchange “In-Best Pangyo” to maximize the value of Pangyo Techno Valley. They also support the Pangyo Overseas Promotion Program, which publicizes information about Pangyo’s companies, products, and services to domestic and foreign investors and the media, thereby facilitating foreign investment.
