KOVAN's Profile

  • Name of FirmKorea VAN Service Co., Ltd. ("KOVAN")
  • EstablishedJanuary 15, 1991
  • Group CEOMr. Sang Joon KIM
  • Head OfficeThe KOVAN Building, Dogok-ro 6gil 10 Gangnam-gu, Seoul, 06259, Korea
  • BusinessValue-Added Network Service Provider (Licensed by the Ministry of Science, ICT and Future Planning)
  • CertificationISMS(Information Security Management System)
    PCI DSS Certificate, ver. 3.2
    ISO9001(Development, management and operation of S/W and H/W relating to electronic cash (Credit/Debit/Smart cards) and on-line reservation system)
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Happy Customers


EDC Terminals installed

List of Patents concerning

  • Credit Card e-Payment Service with upgraded security.
  • Methods & System for smart order.
  • Joint-use Terminal for a group of merchants identified respectively by IC Card.
  • Integrated Fin-Tech Service Provision Method and its Fin-Tech terminal with application system.
  • Donation Method and its Integrated Application Server.
  • Settlement Method and its Application System.
  • Method for payment handling and security card reader to realize precise payment.
  • Integrated Multi Fin-Tech Service Method and IC Card System for Identification of Affiliated Merchants through Integrated Fin-Tech Terminal.
  • Integrated QR payment method and integrated QR payment system.
  • Method of registering and retrieving customer information.
  • Method of providing a waiting service using an affiliated store tag.
  • As of Aug 2021, submitted 12 patent applications to the Korean Intellectual Property Office.

Service System Network


Business Portfolio


KOVAN's Key Customers

  • GovernmentNational Tax Service (Cash Receipt Service)
  • Department StoreLOTTE Department Store, NC, AK Plaza
  • Mart & SupermarketLOTTE , E-Land Retail, GS Retail, E-mart
  • Franchise7-Eleven, CJ Foodville, Kyobo Group, NorthFace, Innisfree, Aritaum, Thefaceshop, Beyond Beauty
  • Home ShoppingCJ O-shopping, GS Home-shopping, LOTTE Home-shopping
  • Online ShoppingInterpark, Samsung Mall
  • Payment GatewayLG U+, INICIS, LG-CNS
  • Insurance CompanyAIA, AHA, PCA, ING, Hyundai Life, AIG, KDB Life, Miraeasset Life
  • AirlineKorean Airline, Asiana Airline, Air Busan
  • HotelLOTTE Hotel, President Hotel
  • HospitalKyungbuk Univ. Hospital, St. Mary Hospital
  • Resort FacilityLOTTE World, Everland, Kumho Resort, CGV, LOTTE Cinema
  • Duty Free ShopInchon International Airport, LOTTE Duty Free, AK Duty Free

KOVAN's Accumulated Experiences

  • Human ResourcesMost of engineers with experiences for 10 to 30 years.
    All S/W are developed by its own engineers.
    Have the best e-Payment S/W guru in Korea who was in the S/W industry for nearly 3 decades. (President of KOVAN ICT Research Institute)
  • Expertise for various Host interfacingIBM, HP, SUN, DELL, Microsoft, Intel, Tandem, etc.
  • Expertise for various e-Payment DTEs & Communication ProtocolsAndroid EDC, Verifone, ingenico, Hypercom, Omron & various Korean brands.
    PSTN, TCP/IP, Wireless, NFC, UDP, HDLC, PPP, LAN, X.25, Frame Relay, RS-232C, ATM, etc.
  • Set up VAN System NetworkLG U+, KG INICIS, LOTTE, THAIVAN
  • Expertise for various S/W (Top-up services)Possession of know-how to provide various settlement S/W for large-size retail shops.
    Technological Power (Forward Deployed S/W Engineers)
  • SecurityPCI DSS Certificate, ISMS Certificate
  • Marketing PowerInstalled and operated 3 million EDC POS on a cumulative basis.
  • BCP30 years experience for e-Payment business.
  • SLAIn cooperation with 300 agencies nationwide.
  • Pioneer SpiritFirst company that commenced e-Payment service in Korea and advanced to foreign e-Payment market.
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