Xenon (GenON)
Category: AI Agents
South Korea's leading generative AI solutions company providing enterprise AI platforms, actionable AI agents, and physical AI for senior care Xenon (GenON) was founded in 2017. The company is led by Ko Seok-tae (고석태). Based in Seoul, South Korea. Team size: 146. Total funding raised: $7.5M. Latest round: Series A. Key investors include Yellow C Management (옐로씨매니지먼트); Albatross Investment (알바트로스인베스트먼트); GNTech Venture Investment (지앤텍벤처투자).
- Founded
- 2017
- Headquarters
- Seoul, South Korea
- Team size
- 146
- Total funding
- $7.5M
Value proposition
End-to-end generative AI partner that helps enterprises design, build, and deploy custom AI agents and solutions — from consulting through implementation to business outcome delivery
Products and solutions
GenOS (no-code generative AI platform for enterprises); OneAgent (actionable AI agent that controls PC/web to complete tasks); GenA (AI agent portal with 5 agents: chat, slides, image, translation, finance); Hunmin VLM 235B (vision language model); Physical AI for senior care
Unique value
Actionable AI (액셔너블 AI) — AI that doesn't just answer questions but directly controls systems and completes tasks; only profitable Korean generative AI startup with proven enterprise deployments at major financial institutions
Target customer
Large enterprises, financial institutions, public sector/government agencies, energy companies, and manufacturing firms in South Korea and Southeast Asia
Industries served
Financial services, energy, public sector/government, manufacturing, logistics, senior care/healthcare
Technology advantage
Proprietary GenOS platform with no-code AI agent builder; OneAgent for computer/UI control; Hunmin VLM 235B for visual understanding; Human-in-the-loop architecture; multimodal capabilities; context-aware session management; profitable business model with strong financial institution references
How they differentiate
Only profitable Korean generative AI startup; Actionable AI paradigm (not just Q&A but task completion); deep financial sector expertise with proven deployments at top Korean banks and insurers; end-to-end from consulting to implementation; Physical AI expansion into senior care
Main competitors
Upstage (업스테이지); Wisenut (와이즈넛); Saltlux (솔트룩스)
Key partnerships
KB Financial Group (physical AI senior care); Samsung Securities (IPO lead underwriter); Bank of Korea (GenOS-powered AI platform); Korea Midland Power (AI agent pilot); Woori Bank (AI Banker project); Korea Southern Power; Indonesia local entity PT Genon Global Indonesia; Link Alpha (Linkalpha) — financial AI platform co-development & APAC market expansion MOU (May 2026)
Notable customers
Samsung Fire & Marine Insurance; Mirae Asset Securities; Bank of Korea; Woori Bank (AI Banker project); KB Financial Group; Korea Midland Power; Korea Southern Power; Seoul Metropolitan Government (S-Map AI interface)
Major milestones
2017: Founded as Minds & Company (Korea's first AI consulting firm); 2024: GenOS platform launch, ranked #1 Korean language model on Open Ko-LLM Leaderboard; 2024: Achieved profitability (₩9.3B revenue, ₩1.86B operating profit); 2025-03: Rebranded to Xenon/GenON; 2025-04: Appointed Samsung Securities as IPO lead underwriter; 2025-04: Series A funding (₩10B cumulative); 2025-11: Launched OneAgent; 2026-02: Established Indonesia subsidiary; 2026-03: Launched Physical AI Lab; 2026-04: RCPS converted to common stock; 2026-05: Launched GenA AI agent portal (B2C expansion); 2026-05: GenOS 2.0 upgrade & GenP humanoid robot unveiled at AI EXPO KOREA 2026; 2026-05: Signed strategic MOU with Link Alpha for financial AI platform & APAC expansion
Growth metrics
2024 revenue: ₩9.3B ($7M), operating profit: ₩1.86B; 2025 revenue: ₩11.7B ($8.8M), net profit: ₩1.1B; Team grew from 48 (Jan 2025) to 146 (Mar 2026); ~200 projects delivered
Market positioning
Positioned as "Korea's Palantir" — an enterprise AI platform company focused on actionable AI that drives real business outcomes, targeting the B2B enterprise market with expansion into B2C via GenA portal and physical AI for senior care
Geographic focus
South Korea (primary), Indonesia/Southeast Asia (expanding via Jakarta subsidiary)
Patents and IP
7 registered patents (as of March 2026); LLM utilization technology patents; GenOS achieved 1st grade GS Certification; GenOS Code Assistant achieved Grade 1 GS Certification
About Ko Seok-tae (고석태)
Ex-Samsung Fire & Marine Insurance; Ex-Kearney (consulting); KAIST College of Business
Official website: https://www.genon.ai