Korean software maker relocates HQ to Chicago
The company, which has about 900 employees worldwide, most of them in Seongnam, South Korea, set up shop in Chicago about a year ago after opening offices in San Francisco and New York.
Chicago was the company's U.S. headquarters. Now it's the business address for the entire company, even though most of its staff and founder remain in South Korea.
TmaxSoft recently moved to 230 W. Monroe St., where it's building out 9,000 square feet, having outgrown a 2,000-square-foot space at 101 N. Wacker Drive. It now has about 20 employees, primarily in sales and marketing.
Yulish says he expects headcount to hit 50 to 100 within two years. Eventually, Tmax Soft will add engineering talent for support and training.
“We're always talking about whether we expand R&D,” Yulish says. “Chicago and Silicon Valley are the two places we'd look. But Chicago is by far the better option. Costs are definitely part of it. There's a lot more loyalty from a workforce perspective. The proximity to customers is also important. There are a lot of Fortune 500 companies here, but you can get to both coasts easily. And O'Hare is one of the most connected hubs globally.
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