This week in New York, the KOREA-US Startup Summit was showing off innovative Korean companies created in partnership with Google, Naver Cloud and Hyundai.
The event itself is hosted by KISED, the Korea Institute of Startup & Entrepreneurship Development.
We spoke with Kim Yong-moon, the KISED president. He explained that KISED is a government organization that works to help promising Korean startups expand globally into new markets beyond activities in South Korea. In essence, KISED works much like a typical incubator program, supplying funding, marketing, and administrative resources to promising startups.
These days, KISED is working with a whopping 6000 startups, with the ultimate goal of helping grow the Korean economy by fostering these companies’ relationships and expansion to other countries.
Below is a rundown of the notable startups that were being showcased at the event.
StickyHands is a mobile game development company. The company’s games include Age of Solitaire, Solitaire Cooking Tower, Solitaire Farm Village, and Solitaire Cat Islands.
StickyHands says Solitaire Farm Village is the most popular game in the series. It features traditional solitaire gameplay and incorporates simulation elements like farm management, collecting cards with stories, collecting farm animals, and village expansion to induce continuous play without boredom.
#2. Space Oddity
Space Oddity’s “K-POP RADAR” is a K-Pop data gathering service that was created to gather information about K-pop markets, K-Pop artists and the size of their fandoms, historical trends, and the milestones achieved by 700 artists in Korea.
The data is analyzed and used to predict future trends and it makes it easy for fans to have the information they need. Some of the scheduling information provided by this service includes broadcast/radio/YouTube schedules, album/song releases and purchase availability dates, and concert dates.
PlayHard is a mobile game developer who has successfully launched 17 mobile games that have garnered more than 35,000,000 downloads to date. The company specializes in free hybrid casual games. PlayHard’s games include the popular Redbros, Factory Inc., and Hero Factory.
Mobiltech has developed a “Replica City” data solution that supplies realistic 3D spatial information, HW, and software solutions for smart cities.
Mobiltech says it solves the problem of outdated 3D city maps by using a device that can be attached to a vehicle and used to scan the city daily to detect and collect high-precision 3D data, which is then processed and used to update the database thanks to AI automation.
The 3D spatial information created by Mobiltech is currently being provided to an autonomous vehicle and delivery robot services in 30 domestic and foreign locations, including Silicon Valley.
MakinaRocks is an AI startup that provides AI implementation services for companies in manufacturing, energy, semiconductor, and EV batteries.
Their Runway product is an Enterprise MLOps solution that simplifies the process of operationalizing AI/ML models in industrial environments for businesses that require continuous performance improvements.
i-ESG is an AI/Big data-driven South Korean startup that has developed an ESG-specific B2B SaaS solution that empowers SMEs with tools to manage and improve their ESG footprint.
The data-driven integrated ESG management solution that i-ESG provides to SMEs allows them to learn, manage, and respond to ESG-related requirements from various stakeholders and helps save companies save up to 95% in costs.
FutureMain is an Engineering & IT company that uses optimal machine management and prediction technology to monitor machines in real-time and automatically diagnose problems.
Their technology monitors the condition of key components in machines, such as bearings, gears, pumps, fans, and belts, and automatically diagnoses faults to determine the cause and suggest proper countermeasures with 98.3% accuracy, effectively improving the maintenance and management of machines in manufacturing companies.
BlueSignum is a South Korean startup operating in the mental healthcare space. Its soon-to-be unveiled self-care service, called Lighthouse, is an AI-enabled mental-health solution for employees that personalizes self-care activities to boost the individual’s mental well-being, improving employee retention and job satisfaction.
Lawfully is an app designed to help U.S. immigrants by providing case tracking, case analysis, as well as mock interviews, and legal consultations. It also has a community of helpful users.
#10. The MORAI
The MORAI produces simulators for autonomous automobiles and airplanes, which allows companies to improve the safety and reliability of their autonomous vehicles.
Pikurate is a Knowledge Curation Platform that uses the collective intelligence from its users, along with AI to help share research and useful link collections with others. Its goal is to make it easier for users to research topics by discovering what other research others have already discovered and collected on the topic.
#12. ARIA Edge
ARIA Edge has combined augmented reality and AI to help increase efficiency and reliability in industrial factories.
Poen is a startup that takes used EV batteries and recycles them into a totally new energy source.
Testworks has developed an AI data crowdsourcing platform called aiworks that collects data and then processes, inspects, and delivers it. The system uses advanced computer vision and 3d data processing.
ARGOSDYNE has created an integrated operating platform for unmanned vehicles that is designed to be easy to utilize and flexible enough to work with many kinds of vehicles.
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