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Hancom InSpace Forms JV with Japan's CyberLinks to Target Japan's Regulated Authentication Market

Software1 min read

Hancom InSpace's parent company Hancom and its partner Raumsoft are entering Japan's identity-check market through a joint venture with CyberLinks. The goal is to reach banks and government buyers before new Japanese rules take effect in 2027.

What happened

Hancom InSpace said that Raumsoft, its domestic public-sector distributor, signed a joint venture agreement with Japan's CyberLinks and set up a joint company in Japan. The new company will be based in Wakayama City, where CyberLinks' East Japan branch is located. It will sell software in Japan. Hancom Group now runs two paths in Japan: direct supply and a local joint company.

Key numbers and facts

  • Japan's face recognition market: about $200 million in 2025, expected to reach about $900 million by 2035.
  • Japan's new rule change takes effect in April 2027.
  • In February, Hancom signed a supply deal with CyberLinks for its 'HancomAUTH' identity software.
  • CyberLinks is a listed company. Its main customers are local governments and banks.

Why Japan is changing its rules

Japan will update the rules for its anti-money-laundering law in April 2027. Banks and other financial firms must check customers' identities when they do not meet in person. Under the new rules, many firms will need to replace their identity-check tools. Hancom had already linked its software with CyberLinks' public personal certificate system (JPKI) before the rules started.

Why it matters

Japan's rule change will create a large need for new identity tools. By using CyberLinks' local sales network, the joint company can enter the market faster than a company starting from scratch. Hancom says it will keep expanding its compliance services as the rules change.

What to watch

  • How quickly the joint company wins customers at banks and local governments.
  • Whether Japanese banks switch to Hancom's identity tools before the April 2027 deadline.
  • How Hancom's face recognition software, 'HancomOS', performs in the Japanese market.

Glossary

Hancom InSpace
A Korean company that makes software for document and identity tools; it is the subsidiary of Hancom.
Raumsoft
A Korean company that sells Hancom products to Korean government and public customers and now works in Japan.
JPKI
Japan's public personal certificate system, used to prove who a person is online.
HancomAUTH
Hancom's identity-check software, which uses face recognition and other methods to confirm a person.

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