Fursys Inc.

Fursys Inc., a for-profit Korean furniture manufacturer headquartered in Seoul, supplies commercial office furniture to U.S. military and federal agencies through the General Services Administration's Multiple Award Schedule, competing on full-and-open delivery orders with no set-aside designations. The vendor operates exclusively as a prime contractor (100% of recent awards) and does not subcontract.

Fursys manufactures office furniture—desks, chairs, modular systems, and tasking chairs—for federal customers, with work performed in South Korea and delivered to U.S. military installations worldwide, particularly in the Pacific region. Recent representative awards include a $169,453.60 delivery order from the U.S. Army Corps of Engineers for office furniture supporting the Engineering Division (awarded September 15, 2023, completion October 13, 2023); a $100,449.88 delivery order from the Department of Defense Pacific Region for the U.S. Army Garrison in Daegu, South Korea (awarded July 24, 2024, completion August 21, 2024); and a $47,443.20 delivery order from the Army Corps of Engineers for system office furniture under the Status of Forces Agreement acquisition program (awarded August 28, 2024, completion September 30, 2024). Fursys also holds a GSA Multiple Award Schedule contract that feeds the broader federal customer base, evident in a $24,175.58 purchase order from the Department of State's Bureau of East Asian and Pacific Affairs (awarded September 9, 2026).

Customer concentration is extreme and concentrated in the Pacific-region military footprint. The Army Corps of Engineers Engineering District Far East anchors the portfolio at 8 awards and $77.2 million in combined potential value (94% of all dollars), while the Army Installation Management Command Pacific Region (25 awards, $1.4 million) and the Army Pacific Command (14 awards, $882 thousand) comprise the remainder of the 75% coverage set. Across 16 distinct customer agencies, the top five account for 98% of combined potential value—a posture heavily tilted to a single customer and region. Award volume has flattened since 2021 (three awards annually in 2021–2022, declining to two in 2023–2024 and one in 2026), and only one award (combined potential value $24 thousand) matures in the next twenty-four months, indicating minimal near-term recompete exposure. The vendor's 88 awards over the period reflect consistent furniture-supply relationships with Defense and federal agencies, supported by 79 awards classified under office furniture manufacturing (except wood) NAICS code, with parent vehicles split between the GSA Multiple Award Schedule (38 task orders, $2.5 million) and the Federal Supply Schedule GS28F0021V (33 task orders, $1.5 million). Combined potential value sits at $82.8 million, though only $4.4 million (5%) has been obligated to date, indicating a vehicle portfolio with significant unrealized ceiling rather than active spend velocity.