Leading innovation in the financial industry
AI Agent Invector
We are responsible for the implementation of AI in financial companies from start to finish.
Inquiry for introduction
Open the Future of Accounting with AI innovation
Accounting / Financial Special Data
Special information processing such as accounting standards, financial statements, and mathematical formulas.
Data security and Access Control List (ACL)
Designed to selectively retrieve personal or proprietary information based on user authentication.
Hallucination Zero
Achieving 100% accuracy through technology development quoting the workflow of accountants.
Real-time updates on the latest information
Real-time information updates such as legal amendments, press releases, and public announcements.
5 times better performance than OPEN AI in the accounting/finance domain
More precise Sparse Vector Search
Fast and accurate search performance
Sparse Vector Search is one of the technologies used by OpenAI for search, and Invector has significantly enhanced the performance of Sparse Vector Search by using a more sophisticated tokenizer than OpenAI. As a result, users can obtain faster and more accurate search results, efficiently utilizing important information without missing it.
Application of Accounting / Finance Domain Ontology
Building and operating a graph-based database
We have implemented a Multi-Agent query processing system specialized in the accounting field, along with the development of an accounting domain ontology. As a result, we can understand and handle complex terms and regulations used in the accounting field more accurately. Each agent collaborates to grasp the context of queries and enhances analysis based on the ontology, providing accounting data that is more professional and sophisticated than OpenAI's. Consequently, customers can receive prompt and reliable answers to their accounting-related questions.
A Korean embedding model superior to OpenAI
Improving the accuracy of customized search in Korean
Invector has developed a high-performance embedding model specialized in the Korean language, enabling more precise language understanding and processing compared to OpenAI. In particular, it can accurately analyze and interpret complex Korean expressions and terms used in the accounting and finance sectors, providing customers with more reliable information. This maximizes the search performance for accounting documents and regulations written in Korean, allowing customers to receive faster and more accurate results.
Higher reproduction rate
The recall rate of the top 20 documents from the search results is on average 3.5 times higher than OpenAI's latest semantic search.
Standard performance difference
0.092
0.229
Standard performance difference
0.21
0.7
Higher precision
The precision of the top 20 documents resulted from the search is, on average, 2.6 times higher than OpenAI's latest semantic search.
Standard performance difference
0.044
0.145
Standard performance difference
0.15
0.4
Scalable accounting/financial solutions as an AI agent
#001
AI search and document drafting related to accounting/finance
Search for accounting standards
Search for domestic and international tax laws
DART data, edgar natural language search
Check exchange rates, membership prices,
and securities.
Automatic report draft writing
Upload of journal chronological data,
Abnormal transaction alert
Specialist transaction automatic extraction
Automatically update ‘Disclosure Requirements’ that change annually.
Automatic calculation of depreciation and amortization
Automatic generation of month-end adjustment items
Journal Transactions with Anomalies
Date
01-01-2023
01-02-2023
01-03-2023
01-04-2023
01-05-2023
01-06-2023
01-07-2023
01-08-2023
01-09-2023
01-10-2023
01-11-2023
01-12-2023
01-13-2023
01-14-2023
01-15-2023
Accounts Payable and Other Liabilities
short-term borrowings
Account
Sales Revenue
Expenses
Cash
Sales Revenue
Sales Revenue
Expenses
Cash
Cash
Sales Revenue
Accounts Receivable
Sales Revenue
Sales Revenue
Sales Revenue
Sales Revenue
Expenses
Accounts Payable and Other Liabilities
short-term borrowings
Description
Refund
Invoice
Invoice
Purchase
Invoice
Invoice
Invoice
Purchase
Invoice
Refund
Purchase
Refund
Purchase
Invoice
Purchase
Accounts Payable and Other Liabilities
short-term borrowings
Debit
863
2790
7408
8755
5116
6019
1757
7574
6374
95681
84663
3242
4636
1059
6668
Accounts Payable and Other Liabilities
short-term borrowings
Credit
4736
1802
8155
8120
6616
5534
4061
262
6287
8815
9208
2049
5423
4548
3108
Accounts Payable and Other Liabilities
short-term borrowings
Unusual transaction detected!
01-10-2023
Accounts Receivable
Refund
95681
8815
01-11-2023
Sales Revenue
Purchase
84663
9208
#002
Automation of routine accounting for account subjects
#003
Automation related to public disclosure
Automatically check if the items subject to disclosure comply with the latest standards of the regulatory agency.
Automated generation of draft disclosure reports based on disclosure materials and templates.
Corporate valuation AI
Automatic creation of teaser draft
#004
Mergers and Acquisitions
Automatic generation of teaser draft
Automatic report generation
Step 01
Financial statement upload
Corp_2023_Financial_Statements.xlsx
Step 02
Create a prompt
Create an M&A teaser that includes the following information: the year the company was established, key changes in trade names, descriptions of major business areas and services, recent financial status and domestic and international rankings (such as revenue and asset size), the impact of external economic conditions, especially the current status of recent rehabilitation proceedings, main strengths and investment opportunities, transaction methods, and potential investor expectations and synergy creation.
Based on this information, create a summarized M&A teaser for potential investors.
Step 03
Select business field
Aerospace, Defense & Government
Aerospace, Defense & Government
Business & Commercial Services
Consumer Products, Services & Retail
Energy & Natural Resources
Financial Services
Food & Beverages
Healthcare
OO Corporation Teaser Memorandum
Download
OO Corporation
Teaser Memorandum
Oct 2024
OO Company was established in May 1966 as "Bumyung Line Co., Ltd.,” and changed its name to "XX Co., Ltd." in April 1984, then to "OO Co., Ltd." in November 2004. In December 2013, the name was changed to its current title following the separation from Group A.
The company is a comprehensive shipping logistics enterprise that provides maritime transportation services across all areas, focusing on regular and irregular cargo shipping services, including tankers, container ships, mid and large-sized bulk carriers, and LNG carriers.
Thanks to active overseas market development, the company surpassed $6 billion in exports in 2020, and by the end of 2022, it recorded the number one position among domestic bulk shipping companies in terms of sales and asset size, and the third position among shipping companies. It also achieved the top position based on capital size. However, due to the decline in shipping rates resulting from the 2021 global financial crisis, oversupply of vessel capacity, and the burden of long-term charter contracts secured during the market peak, the company initiated rehabilitation procedures in June 2023 and received approval for the rehabilitation plan in November 2023.
The company is currently fulfilling the rehabilitation process defined by law under the direction of a manager and is actively conducting corporate restructuring, resulting in a rapid normalization of its management.
Nevertheless, for the company's long-term growth and development, a swift recovery of trust from business partners and normalization of operations is required. Thus, the company aims to expedite the rehabilitation process through M&A and enhance its competitiveness.
The court has selected B Accounting Firm (hereinafter referred to as the "Manager") as the sale syndicate, and is proceeding with M&A through paid-in capital increases and corporate bond issuance via a third-party allocation method, providing investors with opportunities to expect long-term growth and development through the acquisition of the company, a comprehensive shipping logistics enterprise, thereby creating new business opportunities and synergies.
Strictly Private & Confidential
1. Investment Opportunity
The selling agent will apply the method of attracting external capital through a paid-in capital increase and the issuance of corporate bonds by the method of third-party allocation based on the "Guidelines on M&A in Rehabilitation Procedures," and the implementation method will be public competitive bidding. The above guidelines will continuously be adhered to until the conclusion of this transaction.
More specific and detailed information related to this transaction will be provided through the "Investment Guide (Confidential Information Memorandum)" distributed to those selected as preliminary investors by submitting a letter of intent and a confidentiality commitment, as well as through preliminary due diligence.
This transaction is planned to proceed according to the following schedule. However, depending on the circumstances and progress of the company and the selling agent, the schedule may change flexibly without separate notice.
Promotion schedule
Content
Company Sale Announcement
October 1, 2024 (Wednesday)
Deadline for submission of Letters of Intent
Tuesday, November 4, 2024
Preliminary inspection notice, investment guide sent
Thursday, November 6, 2024
Preliminary due diligence of prospective investors: Including Q&A
November 10, 2024 (Monday)~
November 28, 2024 (Friday)
Submission of Binding Bid
Thursday, December 11, 2024
Selection of Preferred Negotiation Partner
To be announced
MOU signing
To be announced
Strictly Private & Confidential
Transaction Structure and Procedure
Strictly Private & Confidential
Key Investment Highlights
1. The number one bulk carrier in the country
The company is the number one domestic bulk shipping company with over 40 years of experience. Although sales temporarily decreased due to the termination of long-term charter contracts signed during the peak market period with the initiation of the recovery process in 2023, the company still maintains a leading position in the bulk sector, and a rapid recovery is expected through further expansion and improvement in profitability.
The largest and best diagonal holdings in the country
As of the end of 2013, the company had a fleet of 59 bulk carriers in the bulk sector, with a total capacity of 7.6 million DWT, making it the largest in South Korea based on bulk carrier capacity and the eighth largest globally. The average age of the owned vessels is 5.1 years (as of September 30, 2014), which results in relatively lower maintenance costs compared to other companies, and it is expected that additional CAPEX investments for replacing aging vessels will not be necessary for the time being.
Status of bulk carrier sales by company
2020
2021
(Unit: trillion won)
2022
2023
1.9
1.6
2.3
4.7
zero point six
1.6
1.9
4.0
0.4
1.5
2.1
3.8
0.4
1.4
1.8
1.8
K Corporation
HS Corporation
HM Company
OOsa
Company-specific diagonal status
(Unit: Measure)
OOsa
fifty-nine
HS Corporation
49
Ssa
31
P company
24
K Corporation
22
HM Company
17
Company Age Status
(Unit: Year)
OOsa
5.1
HS Corporation
11.0
Ssa
11.0
P company
13.4
K Corporation
14.7
HM Company
20.5
#005
Customer Inquiry AI Chatbot
Automatic answers to users' questions - vocabulary and tone adjustments possible.
Insertion of underlying information is possible.
Insight
As AI fundamentally transforms the way accounting is done, we are innovating together at the center of that change.
Where should I start with AI?
Frequently Asked Questions
Do you want to implement AI, but are you concerned about the accuracy and quality of the data?
Are you worried that the introduction of AI will have little effect?
Are you hesitant because you lack the expertise to handle AI technology?
Are you curious about how far AI agents can go?
Transform the future of accounting with AI-driven innovation.
The AI implementation I've only imagined is possible with Invecter.
Contact
Inquiries about introducing the invector are open 24 hours.
217 Teheran-ro, Gangnam-gu, Seoul, Orange Planet, Room 504
Blog
Leading innovation in the financial industry
AI Agent Invector
We take responsibility for the implementation of AI in financial companies
from start to finish.
Inquiry for introduction
Open the Future of
Accounting with
AI innovation
Accounting / Financial Special Data
Special information processing such as accounting standards, financial statements, and mathematical formulas.
Data security and Access Control List (ACL)
Designed to selectively search for personal information or
proprietary information based on user authentication
Hallucination Zero
Quoted the accountant's workflow
Achieved 100% accuracy through technological development
Real-time updates on the latest information
Real-time information updates such as legal amendments, press releases, and public announcements.
Real-time updates on the latest information
Real-time information updates such as legal amendments, press releases, and public announcements.
In the accounting/finance domain
5 times better performance than OPEN AI
More precise Sparse Vector Search
Fast and accurate search performance
Sparse Vector Search is one of the technologies used by OpenAI for search, and Invector has significantly enhanced the performance of Sparse Vector Search by using a more sophisticated tokenizer than OpenAI. As a result, users can obtain faster and more accurate search results, efficiently utilizing important information without missing it.
Application of Accounting / Finance Domain Ontology
Building and operating a graph-based database
We have implemented a Multi-Agent query processing system specialized in the accounting field, along with the development of an accounting domain ontology. As a result, we can understand and handle complex terms and regulations used in the accounting field more accurately. Each agent collaborates to grasp the context of queries and enhances analysis based on the ontology, providing accounting data that is more professional and sophisticated than OpenAI's. Consequently, customers can receive prompt and reliable answers to their accounting-related questions.
Superior to OpenAI
Korean embedding model
Improving the accuracy of customized search in Korean
Invector has developed a high-performance embedding model specialized in the Korean language, enabling more precise language understanding and processing compared to OpenAI. In particular, it can accurately analyze and interpret complex Korean expressions and terms used in the accounting and finance sectors, providing customers with more reliable information. This maximizes the search performance for accounting documents and regulations written in Korean, allowing customers to receive faster and more accurate results.
Higher reproduction rate
The recall rate of the top 20 documents from the search results is on average 3.5 times higher than OpenAI's latest semantic search.
Standard performance difference
0.092
0.229
Standard performance difference
0.05
0.7
Higher precision
The recall rate of the top 20 documents returned from the search results is on average 2.6 times higher than OpenAI's latest meaning-based search.
Standard performance difference
0.092
0.229
Standard performance difference
0.05
0.7
As an AI agent
scalable
accounting/financial solutions
AI search and document drafting related to accounting/finance
Search for accounting standards
Search for domestic and international tax laws
DART data, edgar natural language search
Exchange rates and membership prices, securities, etc.
Automatic report draft writing
Automation of routine accounting for account subjects
Search for accounting standards
Search for domestic and international tax laws
DART data, edgar natural language search
Exchange rates and membership prices, securities, etc.
Automatic report draft writing
File upload
Please upload the file.
Uploaded file
01
Inventory Valuation Data.xlsx
Inventory asset evaluation data file
Details of memory semiconductor inventory assets, current market prices, future demand forecasts, estimated selling prices, inventory turnover rates, etc.
02
Sales Deductions Analysis.csv
Sales deduction activity data file
Details of sales incentive activities carried out in the ‘Digital Experience’ sector, revenue deduction policy, estimation criteria for deduction amounts, and the basis for management's judgment.
03
Internal_Control_Documents.pdf
Internal control document file
Documents related to the design and operation of internal controls reviewed during the audit process, control procedures, and operational evaluation results, etc.
04
Consolidated Financials and Subsidiaries List.xlsx
Consolidated financial statements and list of subsidiaries of the company
Consolidated financial statements of Company A, list of subsidiaries, financial information by subsidiary, and details of consolidation adjustments, etc.
05
Accounting Estimates and Assumptions.xlsx
Accounting estimates and assumption related data file
Revenue recognition, provision for sales guarantees, fair value assessment of financial instruments, assumptions and data used for corporate tax estimation, historical experience, market data, etc.
Automatic report generation
A report has been generated.
about the connection exemption certificate
Audit report
Please select the type of document.
Thank you report
Automatic report generation
Automation related to public disclosure
Automatically check if the items subject to disclosure comply with the latest standards of the regulatory agency.
Automated generation of draft disclosure reports based on disclosure materials and templates.
Automatic generation of teaser draft
Automatic report generation
Step 01
Financial statement upload
Corp_2023_Financial_Statements.xlsx
Step 02
Create a prompt
Create an M&A teaser that includes the following information: the year the company was established, key changes in trade names, descriptions of major business areas and services, recent financial status and domestic and international rankings (such as revenue and asset size), the impact of external economic conditions, especially the current status of recent rehabilitation proceedings, main strengths and investment opportunities, transaction methods, and potential investor expectations and synergy creation.
Based on this information, create a summarized M&A teaser for potential investors.
Step 03
Select business field
Aerospace, Defense & Government
Aerospace, Defense & Government
Business & Commercial Services
Consumer Products, Services & Retail
Energy & Natural Resources
Financial Services
Food & Beverages
Healthcare
OO Corporation Teaser Memorandum
Download
OO Corporation
Teaser Memorandum
Oct 2024
OO Company was established in May 1966 as "Bumyung Line Co., Ltd.,” and changed its name to "XX Co., Ltd." in April 1984, then to "OO Co., Ltd." in November 2004. In December 2013, the name was changed to its current title following the separation from Group A.
The company is a comprehensive shipping logistics enterprise that provides maritime transportation services across all areas, focusing on regular and irregular cargo shipping services, including tankers, container ships, mid and large-sized bulk carriers, and LNG carriers.
Thanks to active overseas market development, the company surpassed $6 billion in exports in 2020, and by the end of 2022, it recorded the number one position among domestic bulk shipping companies in terms of sales and asset size, and the third position among shipping companies. It also achieved the top position based on capital size. However, due to the decline in shipping rates resulting from the 2021 global financial crisis, oversupply of vessel capacity, and the burden of long-term charter contracts secured during the market peak, the company initiated rehabilitation procedures in June 2023 and received approval for the rehabilitation plan in November 2023.
The company is currently fulfilling the rehabilitation process defined by law under the direction of a manager and is actively conducting corporate restructuring, resulting in a rapid normalization of its management.
Nevertheless, for the company's long-term growth and development, a swift recovery of trust from business partners and normalization of operations is required. Thus, the company aims to expedite the rehabilitation process through M&A and enhance its competitiveness.
The court has selected B Accounting Firm (hereinafter referred to as the "Manager") as the sale syndicate, and is proceeding with M&A through paid-in capital increases and corporate bond issuance via a third-party allocation method, providing investors with opportunities to expect long-term growth and development through the acquisition of the company, a comprehensive shipping logistics enterprise, thereby creating new business opportunities and synergies.
Strictly Private & Confidential
1. Investment Opportunity
The selling agent will apply the method of attracting external capital through a paid-in capital increase and the issuance of corporate bonds by the method of third-party allocation based on the "Guidelines on M&A in Rehabilitation Procedures," and the implementation method will be public competitive bidding. The above guidelines will continuously be adhered to until the conclusion of this transaction.
More specific and detailed information related to this transaction will be provided through the "Investment Guide (Confidential Information Memorandum)" distributed to those selected as preliminary investors by submitting a letter of intent and a confidentiality commitment, as well as through preliminary due diligence.
This transaction is planned to proceed according to the following schedule. However, depending on the circumstances and progress of the company and the selling agent, the schedule may change flexibly without separate notice.
Promotion schedule
Content
Company Sale Announcement
October 1, 2024 (Wednesday)
Deadline for submission of Letters of Intent
Tuesday, November 4, 2024
Preliminary inspection notice, investment guide sent
Thursday, November 6, 2024
Preliminary due diligence of prospective investors: Including Q&A
November 10, 2024 (Monday)~
November 28, 2024 (Friday)
Submission of Binding Bid
Thursday, December 11, 2024
Selection of Preferred Negotiation Partner
To be announced
MOU signing
To be announced
Strictly Private & Confidential
Transaction Structure and Procedure
Strictly Private & Confidential
Key Investment Highlights
1. The number one bulk carrier in the country
The company is the number one domestic bulk shipping company with over 40 years of experience. Although sales temporarily decreased due to the termination of long-term charter contracts signed during the peak market period with the initiation of the recovery process in 2023, the company still maintains a leading position in the bulk sector, and a rapid recovery is expected through further expansion and improvement in profitability.
The largest and best diagonal holdings in the country
As of the end of 2013, the company had a fleet of 59 bulk carriers in the bulk sector, with a total capacity of 7.6 million DWT, making it the largest in South Korea based on bulk carrier capacity and the eighth largest globally. The average age of the owned vessels is 5.1 years (as of September 30, 2014), which results in relatively lower maintenance costs compared to other companies, and it is expected that additional CAPEX investments for replacing aging vessels will not be necessary for the time being.
Status of bulk carrier sales by company
2020
2021
(Unit: trillion won)
2022
2023
1.9
1.6
2.3
4.7
zero point six
1.6
1.9
4.0
0.4
1.5
2.1
3.8
0.4
1.4
1.8
1.8
K Corporation
HS Corporation
HM Company
OOsa
Company-specific diagonal status
(Unit: Measure)
OOsa
fifty-nine
HS Corporation
49
Ssa
31
P company
24
K Corporation
22
HM Company
17
Company Age Status
(Unit: Year)
OOsa
5.1
HS Corporation
11.0
Ssa
11.0
P company
13.4
K Corporation
14.7
HM Company
20.5
Mergers and Acquisitions
Corporate valuation AI
Automatic creation of teaser draft
Recommend a suitable savings account for me.
AS-IS
AI counselor
I recommend the three most popular savings accounts.
Voluntary savings for employees of small and medium-sized enterprises
OO Bank Free Savings
Youth Housing Dream Subscription Account
Recommend a suitable savings account for me.
TO-BE
Invector Consultant
Based on an analysis of your recent deposits and withdrawals, as well as your asset status, the appropriate products are as follows.
Small Business Employee Free Savings Account: annual interest rate of 2.3%, with a monthly contribution of 300,000 won, expected interest after one year is 82,000 won.
OO Bank Free Savings Account: annual interest rate of 2.5%, with a monthly contribution of 500,000 won, expected interest after one year is 155,000 won.
Youth Housing Dream Subscription Account: annual interest rate of 2.8%, minimum contribution of 1,000,000 won, expected interest after one year is 345,000 won.
The OO Bank Free Savings Account is the most suitable for you, Gil-dong. Would you like to check the details?
View details
Customer Inquiry AI Chatbot
Automatic responses to users' questions
- Vocabulary and tone adjustments available
It is possible to insert underlying information, etc.
Insight
As AI fundamentally transforms the way accounting is done, we are innovating together at the center of that change.
Why aren't there many startups like OpenAI in South Korea?
The reason OpenAI acquired Rockset for over 11 trillion
Will accountants be replaced by AI?
The first introduction of accounting AI in Korea by KICPA
Where should I start with AI?
What should I begin with?
Frequently Asked Questions
Do you want to implement AI, but are you concerned about the accuracy and quality of the data?
Do you want to implement AI, but are you concerned about the accuracy and quality of the data?
Are you worried that the effects of AI implementation might be minimal?
Are you worried that the effects of AI implementation might be minimal?
Are you hesitant due to a lack of specialized knowledge in handling AI technology?
Are you hesitant due to a lack of specialized knowledge in handling AI technology?
Are you curious about how far AI agents can go?
Are you curious about how far AI agents can go?
Contact
Inquiries about introducing the invector are open 24 hours.
Inquiries about introducing the invector are open 24 hours.
217 Teheran-ro, Gangnam-gu, Seoul
Orange Planet, Room 504
Blog
Transform the future of accounting with AI-driven innovation.
The AI implementation I've only imagined is possible with Invecter.