Goseong Engineering

About Goseong Engineering

Established in June 2004 by CEO Choi Chang-shin, Goseong Engineering has transitioned from its initial focus on supplying automation equipment for the semiconductor and display industries to a specialized robotics and smart factory solutions provider. The company's strategic pivot into robotics began in 2018, driven by the vision to address the increasing need for high-value, integrated factory automation. This move was solidified with the establishment of a dedicated corporate research institute and a new headquarters in Yongin, which serves as a showroom and testbed for its robotic solutions.

Goseong Engineering operates as a systems integration partner, providing comprehensive factory automation solutions for a diverse client base that includes major players like Samsung Electronics, LG Electronics, and SK Hynix. The firm's business model is centered on designing and implementing optimized automation systems that aim to maximize production efficiency while minimizing the number of robots required. Revenue is generated through the sale of these tailored automation and robotic systems, which encompass everything from system design and component supply to the deployment of complex robotic applications. The company has secured dealership agreements with prominent robotics and automation component manufacturers, including Azbil, OMRON, Doosan Robotics, and HIK ROBOT, which supports its ability to deliver integrated solutions.

The core of Goseong Engineering's offering is its development of total automation solutions, featuring robot handling and vision systems. A key product is the Mobile Manipulator (MOMA), a cognitive mobile cobot capable of performing complex manufacturing tasks autonomously, even in offline environments, through its 'On-Device Offline AI' technology. This technology allows the robot to operate without network dependency, using advanced voice recognition and 2D/3D vision to execute tasks with high precision. The company is also expanding into new sectors, such as medical and rehabilitation robotics, with products like a robotic heat therapy device and a smart wheelchair, demonstrating a broadening application of its core AI and robotics capabilities. Following a KRW 15 billion investment from Timefolio Asset Management in 2023, Goseong Engineering is actively pursuing an initial public offering on the KOSDAQ market, targeted for 2026.