'Legal Tech Startup' Elbox Secures 20 Billion KRW Series B Investment

The Nation's Largest Legal Data Service
Participation by Korea Development Bank, KB Investment, Samsung Ventures, and More

[Asia Economy Reporter Lim Jeong-su] Legal tech company LBox announced on the 22nd that it has secured an additional investment of 2 billion KRW from Samsung Venture Investment.

Last December, LBox received a total investment of 18 billion KRW from SV Investment, KB Investment, Korea Development Bank, Daol Investment, AJU IB Investment, and Partners Investment. With this additional investment from Samsung Venture, the entire Series B round totaling 20 billion KRW has been completed.

LBox was founded in 2019 by CEO Lee Jin, who worked as a corporate specialized lawyer at Kim & Chang law firm for five years. It provides the largest legal data search service in Korea, allowing integrated searches from court rulings at all levels nationwide to news and reference materials.

LBox holds the largest database (DB) in Korea with a total of 2 million registered precedents. AI technology has been applied to its search capabilities. It has secured 12,000 lawyer users, accounting for more than one-third of all lawyers (30,000) in Korea, including major domestic law firms such as Kim & Chang, Kwangjang, and Taepyungyang. Major corporations such as LG, SK, Samsung C&T, as well as public institutions including the High-ranking Officials’ Crime Investigation Unit and the Korea Financial Telecommunications & Clearings Institute are also key clients.

Hyun-jung Lee, director at Samsung Venture, stated, "While the legal market is expanding, access to research and legal information remains difficult, making it hard for litigation parties to obtain even basic information. LBox’s long-accumulated legal data processing will enable it to provide innovative legal services to legal professionals and consumers alike," explaining the investment background.

CEO Lee Jin of LBox said, "To achieve our vision of providing optimal legal information in the desired form to everyone who needs legal information, we will focus more on recruiting talented personnel and pursue solid growth based on financial stability."