This article was published on the ChosunBiz MoneyMove (MM) site at 9:18 a.m. on Mar. 27, 2026.
Vision AI solution corporation Sphere AX has been put up for sale. It is pursuing a plan to change the major shareholder through a third-party allotment paid-in capital increase.
On the 27th, according to the investment banking (IB) industry, Sphere AX recently appointed a domestic accounting firm as lead manager and began work to sell its management rights.
This transaction will be carried out by issuing 100% new shares (paid-in capital increase) with no existing share transaction. The buyer will inject about 30 billion won in new funds to secure 60%–70% of the equity. Back-calculating from this, the post-increase corporate value will be between about 43 billion won and 50 billion won.
Sphere AX traces its roots to Wookyung Information Technology, founded in 2008. CEO Park Yun-ha and related parties hold about 37% of the equity.
Since last year, Sphere AX has been collaborating with French auto parts manufacturer V to research and develop an in-cabin system (In-Cabin: a technology that uses sensors such as cameras or radar to monitor the condition of vehicle occupants in real time). It aims to begin mass production of the product in 2028. It has also undertaken projects such as improving the performance of AI-based closed-circuit (CC)TV at Incheon International Airport.
The company's core competitiveness lies in its self-developed AI engine "AI dara" and eight proprietary AI models built on it. It is evaluated as having an "intelligent visual reasoning" capability that goes beyond simply detecting images to analyze and judge the context of complex situations on its own through visual language model technology that combines visual information and language models.
Last year, Sphere AX reported revenue of 20.3 billion won and earnings before interest, taxes, depreciation and amortization (EBITDA) of minus 1 billion won. The company and investors expect it to turn profitable this year, recording revenue of 24.4 billion won and EBITDA of 7.9 billion won.