Spacewavy

Spacewavy is a South Korean construction technology company specializing in off-site construction (OSC) and modular building systems. The company was incorporated in December 2021 and is headquartered in Seoul. Its CEO is Hong Yoon-taek. The executive team includes COO Lee Chang-woo, who has a background in real estate asset management.

Through its brand, Wavyroom, Spacewavy manufactures, delivers, and installs modular homes. These modules can be used individually for various purposes such as residential, commercial, or lodging spaces, or combined to create larger, more complex structures. The company's business model is centered on prefabricating these modules in its factory and then assembling them on-site, a process intended to streamline home construction. The manufacturing process for a unit takes approximately four to six weeks. Following an on-site inspection and contract finalization, the company handles the necessary architectural permits before proceeding with manufacturing and installation.

Spacewavy targets clients seeking customizable and quickly deployable housing solutions. In December 2021, the firm secured KRW 1 billion in a seed funding round from investors including Bluepoint Partners. By September 2022, the company expanded its factory facilities in Hwaseong-si, Gyeonggi-do. Spacewavy aims to expand globally by establishing smart factory systems and overseas production facilities.

Keywords: modular construction, off-site construction, construction technology, pre-fabricated homes, modular homes, housing solutions, architectural technology, Wavyroom, building systems, real estate development, property technology, South Korean startups, sustainable homes, residential construction, commercial modules