Neural Concept opens its first Asia-Pacific office in Seoul

Neural Concept, the Lausanne-based company specializing in AI-driven physical product development, has opened its first office in Seoul, marking its entry into the Asia-Pacific (APAC) market. The new office will deepen the company’s collaboration with existing customer Hanwha Ocean, a shipbuilder specializing in commercial vessels and offshore plants, as well as with automotive manufacturers and Tier 1 suppliers in the region.

The opening reflects growing demand from Korean manufacturers moving beyond isolated AI pilots toward production-scale deployment across engineering teams. Across Korea’s industrial base, engineering teams face pressure to shorten development cycles while managing rising product complexity, with critical workflows often fragmented across CAD, simulation and internal data environments. Neural Concept’s platform provides an intelligence layer that integrates directly into existing engineering workflows.

The company has also appointed Dr. Eunjoo Lee, former CEO of IBM Korea and a former executive vice president at Samsung, as board advisor to strengthen its presence in the region.

The Seoul opening builds on Neural Concept’s broader expansion, including its growth in the United States and a USD 100 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives. A spin-off of EPFL, the company continues to invest in local presence across Korea, Japan and other major industrial markets.