Urbanbase Awarded '1 Million Dollar Export Tower'

First Domestic Export Achievement with Interior Simulation SaaS

[Asia Economy Reporter Kim Jong-hwa] Urbanbase Co., a spatial data platform company, announced that it has received the "Million Dollar Export Tower" award, hosted by the Korea International Trade Association and organized by the Ministry of Trade, Industry and Energy on the occasion of the 58th Trade Day. This is the first export achievement in Korea for an interior simulation Software as a Service (SaaS).

Urbanbase established its Japanese subsidiary in August 2019 and has been supplying interior simulation services in the form of SaaS. Its services are used by real estate developers, interior brands, including Nitori. Since the 1990s, Japan’s urban areas have been centered around luxury mansions, while suburban areas have steadily developed large-scale mansions and small housing markets, with active remodeling projects utilizing vacant houses. Urbanbase’s service, which easily converts actual spaces into 3D for various simulations and creates optimized spaces, has quickly been recognized for its necessity in the Japanese housing market.

Urbanbase’s largest Japanese client, Nitori, is Japan’s number one furniture and interior company with sales of approximately 7.6 trillion KRW as of February this year, operating 607 offline stores worldwide. Through Urbanbase’s SaaS service, Nitori provides space consulting based on the floor plans where customers actually live, and supports Nitori store employees to communicate smoothly with customers by adding sales functions such as employee management, customer management, product management, and quotation management.

Kim Deok-jung, Chief Operating Officer (COO) of Urbanbase, said, "It is meaningful to be recognized for export achievements for the first time in the field of spatial interior-related SaaS services, in a domestic industrial environment dominated by manufacturing-based export companies." He added, "The million-dollar award is just the beginning of exports, and we will accelerate preparations for a Japanese version of the B2C service to achieve greater results in the Japanese market next year."

This content was produced with the assistance of AI translation services.