Low-code platform development is evolving from a niche tool into a backbone of global digital transformation, and Korean firms are moving quickly to secure positions in this expanding field. The new partnership between TOBESOFT Korea and FPT Vietnam has not only created a strategic corporate agreement but also reflects Korea’s ambition to embed its technology into international SaaS and AI ecosystems. For investors and ecosystem players, this alliance highlights where the next wave of growth and competition is unfolding.

Korea–Vietnam Partnership Anchors Global Push in Low-Code Market

South Korea’s TOBESOFT has signed a strategic Memorandum of Understanding (MoU) with Vietnam’s FPT, marking a significant step in the expansion of AI-driven low-code platforms into global markets.

The agreement was finalized shortly after the Korea–Vietnam summit in Seoul, where both nations reaffirmed plans to reach USD $150 billion in bilateral trade by 2030.

The timing underscores how Korean technology companies are aligning with international partners as digital transformation accelerates. With North American subsidiaries already in place, TOBESOFT and FPT are positioned to capture growth opportunities as the U.S. and Asia deepen cooperation on advanced IT industries.

FPT’s Scale Meets TOBESOFT’s Low-Code Expertise

FPT, Vietnam’s largest IT services company, operates in 30 countries, runs 88 offices, and employs about 54,000 staff. Its portfolio includes over 130 Fortune Global 500 clients, with business focused on technology, telecommunications, and education.

In South Korea, FPT has offices in Seoul, Magok, Pangyo, and Daegu, supporting industries such as automotive, manufacturing, logistics, healthcare, and e-commerce.

A key differentiator is FPT’s 5,000-strong low-code developer workforce, providing expertise across development, operations, and maintenance.

For TOBESOFT—developer of the flagship UI/UX platform Nexacro—the partnership offers a pathway to accelerate overseas deployments while strengthening execution capacity on global digital projects.

Strategic Agenda and Market Outlook of TOBESOFT – FPT Partnership

The partnership outlines three priorities:

• Scaling the global commercialization of Nexacro.
• Joint execution of domestic and international system integration (SI) projects.
• Expansion of the AI-based low-code platform currently in development into North America, Southeast Asia, and Europe.

Market projections reinforce the timing. Grand View Research estimates the global low-code application development market will grow from USD 24.8 billion in 2023 to USD 101.6 billion by 2030. In the U.S., the market is expected to reach USD 20 billion by 2030, while Forrester projects the global sector could approach USD 50 billion by 2028.

For Korean firms, these growth forecasts highlight the urgency of securing positions within the low-code ecosystem early, where first movers are likely to shape market standards and distribution models.

TOBESOFT & FPT Executives Outline Global Low-Code Growth Strategy

Lee Da-woon, President of TOBESOFT, stated:

“By combining FPT’s global network with TOBESOFT’s low-code expertise, we can expand both sales and distribution simultaneously. This synergy allows us to deliver application modernization and automation solutions to global customers.”

Phung Viet Ha, Head of Low-Code Division at FPT Software, added:

“TOBESOFT’s Nexacro and AI low-code platform are well-suited to global digital transformation needs. Together with FPT’s global presence, low-code expertise, and Best-Shore delivery model, we will accelerate customer value realization.”

Korea’s Low-Code Expansion and Global SaaS Ecosystem Impact

This collaboration illustrates broader changes in Korea’s startup ecosystem. Low-code platforms are emerging as a bridge between AI-driven innovation and enterprise-scale adoption, reducing reliance on traditional coding resources while accelerating modernization.

By linking with FPT’s global distribution and delivery capabilities, TOBESOFT is not only expanding its footprint but also strengthening Korea’s position as a contributor to the infrastructure of global digital transformation. More broadly, the alliance reflects Korea’s strategy of embedding domestic innovation within international partnerships to amplify its global SaaS and platform economy reach.

Next Steps in TOBESOFT–FPT Partnership and Global Market Rollout

TOBESOFT and FPT plan to begin their first joint overseas project within 2025, moving beyond the MoU into operational collaboration.

As low-code adoption rises worldwide, the results of this partnership will provide an important case study on how Korean platform companies can scale internationally by combining technical expertise with multinational service networks.

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