Inno Simulation signs 936 million KRW Hyundai simulator upgrade deal
Inno Simulation will upgrade Hyundai Motor Company's driving simulator for research usability under a 936 million KRW contract running to September 2027.
Inno Simulation announced on October 8, 2026 that it signed a supply contract with Hyundai Motor Company to upgrade a driving simulator system, improving the usability of the system for research. The contract value is 936,000,000 KRW, excluding value-added tax, according to digitaltoday.co.kr.
The contract amount equals 6.57% of Inno Simulation's recent revenue of 14,252,194,849 KRW. The company said the deal is not a conditional contract, and it has no record of performing similar contracts with Hyundai Motor Company over the past three years.
The sales and supply region is domestic, covering South Korea, and the method is in-house production. The contract period runs from September 21, 2026 to September 30, 2027. Payment terms are 30% advance, 30% interim and 40% balance.
Hyundai Motor Company's main business is automobile manufacturing and sales. Inno Simulation, which listed on the KOSDAQ market on July 6, 2023, operates in the software development and supply industry.
Financial context
Inno Simulation's recent revenue figure is based on 2025 financial information. As of its December 2025 fiscal year-end, the company reported total assets of 57.5 billion KRW, total liabilities of 27.3 billion KRW and total equity of 30.2 billion KRW, with revenue of 14.3 billion KRW, an operating loss of 2 billion KRW and a net loss of 2.1 billion KRW for that period.
As of 10:20 AM on October 12, Inno Simulation's share price was 2,245 KRW, down 80 KRW, or 3.44%, from the previous day.
Quick answers
How much is the Inno Simulation–Hyundai Motor Company contract worth?
The contract value is 936,000,000 KRW, excluding value-added tax, equal to 6.57% of Inno Simulation's recent revenue of 14,252,194,849 KRW.
How long does the contract run?
The contract period runs from September 21, 2026 to September 30, 2027, with payment terms of 30% advance, 30% interim and 40% balance.
What does the contract cover?
Inno Simulation will upgrade a driving simulator system to improve its usability for research, with in-house production and domestic supply in South Korea.