Focies (FORCS Co., Ltd.)
Category: AI in Legal
Korean electronic document and e-contract software company (KOSDAQ: 189690) applying AI to automate electronic form generation, document search, and enterprise knowledge retrieval. Focies (FORCS Co., Ltd.) was founded in 1995. The company is led by Park Mi-kyung (박미경) & Cho Jong-min (조종민) — co-CEOs. Based in Seoul, South Korea. Team size: 101-500. Latest round: IPO.
- Founded
- 1995
- Headquarters
- Seoul, South Korea
- Team size
- 101-500
Value proposition
Turns paper/scanned/Word documents into legally-binding electronic contracts and forms, using AI to auto-generate input and signature fields, cutting document digitization time by 90%+.
Products and solutions
eformsign (cloud e-contract/e-signature SaaS), OZ e-Form (electronic form development solution), OZ Report (enterprise reporting solution), OZ Viewer, AIOZ EKA (enterprise AI agent platform), eformbot (AI document authoring), eformchain (blockchain contract platform), MetaFORM (metaverse form platform), AI Assistant for eformsign.
Unique value
30 years of electronic document engine technology with 100% proprietary IP, #1 market share in Korea's electronic document market, and 20+ domestic/international patents — now extended with AI agents for document understanding and enterprise knowledge retrieval.
Target customer
Public institutions, financial institutions (banks/insurers), and large enterprises in Korea and Japan; expanding to SMEs via cloud SaaS.
Industries served
Financial services (banking, insurance), Public sector / government, Enterprise (manufacturing, retail), Legal/contract management
Technology advantage
Proprietary electronic document engine (OZ Report, OZ e-Form) built over 30 years; AI that analyzes document structure/content to auto-generate form fields and signature areas (patented); enterprise AI agent (AIOZ EKA) grounded on internal corporate data with access controls; developed in collaboration with Naver Cloud's CLOVA X.
How they differentiate
Only e-contract player in Korea with 30 years of proprietary document-engine technology and #1 domestic market share; AI grounded on internal enterprise data (vs. generic generative AI); deep public-sector and financial-institution penetration with government innovation-product designation.
Main competitors
Modusign (모두싸인), Adobe Sign / DocuSign (global), UbiPlus / Hancom (domestic document software)
Key partnerships
Naver Cloud (CLOVA X) — AI collaboration, 100+ global partners across 20+ countries, Apple Vision Pro (eformsign development), designated as a government innovation product (혁신제품).
Notable customers
Hyundai Motor, LG Chem, LG Electronics, GS Caltex, Samsung Fire & Marine Insurance, KB Insurance, Hanwha Life, various Korean public institutions
Major milestones
1995 founded, 2015-02-11 KOSDAQ IPO (first e-contract company in Korea to list), 2024 Proud Korean Award, 2025 Employment & Labor Minister's Award, 2025 AI Assistant launched on eformsign, 2026 AIOZ EKA enterprise AI agent platform unveiled, 2026 AI form auto-completion patent registered.
Growth metrics
5,000+ customer references; 20+ countries; 100+ partners; 20+ patents; market cap ~₩46.1B (461억원); 30 years operating history.
Market positioning
Korea's #1 electronic document software company; electronic form deployments at over 70% of Korean financial institutions; 5,000+ customer references; expanding globally (Japan, Southeast Asia).
Geographic focus
South Korea (primary), Japan, Southeast Asia
Patents and IP
20+ domestic and international technology patents, including the newly registered patent for AI-based automatic electronic form field/signature generation.
About Park Mi-kyung (박미경) & Cho Jong-min (조종민) — co-CEOs
Park Mi-kyung: co-founded FORCS in 1995 with husband Cho Jong-min after returning from overseas; software/IT background. Recipient of 2025 Employment & Labor Minister's Award and 2024 Proud Korean Award (economy).
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Official website: https://www.forcs.com/