About Model Solution
Model Solution is a publicly listed company based in Seoul (South Korea) founded in 1993, and was acquired by Hankook Tire in May 2018. Provider of technology solutions for injection molded parts manufacturing. The company has 321 employees. Model Solution offers products and services including CMF Design and Prototyping. Its legal entity is Model Solution Co, Ltd.
- Headquarters Seoul, South Korea
- Employees 321
- Stage Public
- Email••••••••
- Phone•••• ••••
- Website model-solution.com/en/main
- Social LinkedIn X Facebook
- Acquired by Hankook Tire (May 2018)
- Legal Name Model Solution Co., Ltd.
- Annual Revenue$52.97 M (USD)12.45as on Dec 31, 2025
- Net Profit$4.73 M (USD)29.13as on Dec 31, 2025
- EBITDA$8.81 M (USD)49.57as on Dec 31, 2025
- InvestorsHankook Tire
& 1 more
- Employee Count321
- Acquired byHankook Tire
(May 2018)
Products & Services of Model Solution
Model Solution offers a comprehensive portfolio of products and services, including CMF Design and Prototyping.
CMF design services are provided to align with market trends and customer needs in product development.
Prototyping services are offered, including CNC machining and 3D printing for high-fidelity prototypes.
Funding Insights of Model Solution
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Model Solution with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2014 | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Model Solution
Model Solution has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Hankook Tire and SkyLake Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Buyouts are targeted through private equity investments by SkyLake Investment. | skylakeincuvest.com | Seoul, South Korea | ||
Tires are manufactured and supplied by Hankook Tire worldwide. | 1941 | hankooktire.com | Seoul, South Korea |
Investor details for Model Solution
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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IPO & Listings of Model Solution
Model Solution is a publicly listed company on the KRX with ticker symbol 417970 in South Korea, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date07 Oct 2022
- Listed onKRX: 417970
- Listed entityMODEL SOLUTION CO., LTD.
- Exchange sectorProducer manufacturing
- ISINKR7417970001
- Share price10,520.00 KRW (+1.06% on the day) · 2026-10-14
- Market capitalisation66,589,650,979.00 KRW
- Price to earnings7.6
- EPS (diluted, trailing year)1,386.09 KRW
- Dividend yield2.69%
- Volume (last session)9,332
Financials of Model Solution
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 76.50B KRW | 6.83B KRW | 12.72B KRW |
| 2024 | 68.03B KRW | 5.29B KRW | 8.50B KRW |
| 2023 | 64.91B KRW | 1.07B KRW | 4.39B KRW |
| 2022 | 69.98B KRW | 7.71B KRW | 13.25B KRW |
| 2021 | 61.11B KRW | 7.47B KRW | 11.26B KRW |
Detailed financial statements for Model Solution
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Model Solution
4 dated milestones of Model Solution across 29 years, from founding to its latest funding, stage changes and deals.
- Founded Model Solution is founded.
- Funding First funding round.
- Exit Acquired by Hankook Tire.
- IPO Lists on the stock exchange (IPO).
Web traffic of Model Solution
The website of Model Solution (model-solution.com) receives about 6.2K visits a month.
- Monthly visits6.2K
▼ 1.1% vs previous month
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Related news about Model Solution
Complete news archive for Model Solution
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Frequently Asked Questions about Model Solution
Model Solution was founded in 1993 and raised its 1st funding round 21 years after it was founded.
Model Solution is headquartered in Seoul, South Korea.
Model Solution has 321 employees.
Annual revenue of Model Solution is $52.97M as on Dec 31, 2025.
Provider of technology solutions for injection molded parts manufacturing.
Model Solution offers CMF Design and Prototyping.
Yes, Model Solution is publicly traded on KRX under the ticker symbol 417970.
Model Solution has 2 investors. Key investors include Hankook Tire, and SkyLake Investment.
Model Solution operates through Model Solution Co, Ltd..
Yes. Model Solution was acquired by Hankook Tire in May 2018.