Spacebank Establishes Local Subsidiary in Indonesia, Targeting Southeast Asia’s DX Market

23 Mar 2025

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Spacebank, an AI-driven digital transformation (DX) specialist led by CEO Woney Lee, has established its first local subsidiary in Indonesia, marking a strategic move to expand into the Southeast Asian market.


The establishment of the Indonesian subsidiary is intended to support the expansion of Spacebank’s digital transformation business across a range of areas, including cloud, smart city, and security solutions, leveraging Indonesia’s fast-growing IT services market and the broader Southeast Asian region, which is home to nearly 700 million people. Through this move, the company aims to strengthen its market presence in Southeast Asia and broaden its global business partnerships.


Spacebank Indonesia has announced plans to establish and operate an Indonesian GDC (Global Development Center). Built on Spacebank’s core technological strength—its low-code development platform—the new entity will focus on delivering innovative and highly productive software development services in combination with DX capabilities.


Through this subsidiary, Spacebank plans to provide high-quality DX services tailored to local market needs while introducing advanced technologies such as cloud and smart city solutions to Indonesia. The company also aims to accelerate digital transformation across both the public and private sectors by offering customized solutions in areas such as smart factories and facility monitoring.


Commenting on the launch, Woney Lee, CEO of Spacebank, said, “The establishment of our Indonesian subsidiary represents an important milestone in our global expansion strategy. We will continue to develop solutions tailored to regional characteristics, strengthen our global partnerships, and position ourselves as a leading company in digital transformation.”


Spacebank has also earned strong recognition in Korea for its technological excellence and product quality. The company has obtained CSAP (Cloud Security Assurance Program) certification and Grade 1 GS Certification, the highest level of software quality certification, and has also been designated as a supplier of an innovative prototype by the Public Procurement Service. In particular, its intelligent integrated monitoring solution, AIoT Wright GX, supports the integrated analysis of heterogeneous sensor and robot data as well as real-time monitoring, and is being applied across a variety of fields including smart cities, human care, and smart factories.


Meanwhile, Spacebank was also selected for the TIPS program and plans to accelerate the advancement of its key solutions, including AIoT Wright GX, with support of up to KRW 700 million over the next two years. Through this, the company intends to strengthen its position in both domestic and overseas markets while continuing to drive technological innovation.


Original article : https://www.datanet.co.kr/news/articleView.html?idxno=200861


Representative: Woney Lee | Personal Information Protection Manager: Seokyong Jo

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