KT suppots best partners in COMMUNIC ASIA 2024
Organized a local booth at ‘CommunikAsia’ to support 8 AICT partners in exhibiting and export consultation
Exhibited items in consideration of local culture and lifestyle
More than 100 buyer consultations and many export contracts and MOUs signed
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KT announced on May 5 that it has signed a number of export contracts and business agreements with small and medium-sized partners at the KT Pangyo Open Innovation Center to support their participation in global exhibitions to discover and foster promising ventures and startups in the AICT sector.
KT operated the ‘KT Partners Pavilion’ at ‘CommunicAsia 2024’, Asia’s largest telecommunications expo held in Singapore from May 29 to 31, and showcased the technology and competitiveness of the tenant companies.
As this year’s ‘CommunikAsia 2024’ expanded its exhibition fields to include new technologies such as AI and Cloud in addition to the existing telecommunications sector, startups in the center specialized in AICT were able to showcase their competitiveness and secure opportunities to make a global leap.
OneCup Coffee & Tea, an AI-based real estate fractional investment solution startup, signed two MOUs with global demand companies, including an agreement to use blockchain-based API services and an agreement to provide alternative investment services based on IP (intellectual property rights).
In addition, Otoo, which exhibited an AI-based media curation service, held concrete negotiations with buyers from the telecommunications and media sectors in Southeast Asia to enter the local market, and visualized its entry into the local market in Southeast Asia within the year.
Quanda, an AI-based math learning service venture in which KT invested KRW 10 billion in equity last year, received high interest from local students and parents in Singapore, where education is highly sought after, and discovered many joint business opportunities with local buyers.
In addition, five companies from the ICT sector, including GoKoRoAutron (optical connector), Marsys (integrated set-top box), Sungchang (ultra-compact UPS),
N-ITUS (network switch), and Uiro (optical splitter wafer), also achieved export contracts and global expansion cooperation agreements during the exhibition.
Meanwhile, the KT Partners Pavilion at CommunikAsia 2024 is an excellent example of mid-term export support for public-private partnerships, a program that was established using the Win-Win Cooperation Fund that KT contributed to the Foundation for Cooperation between Large, Medium and Small Enterprises and Agriculture and Fisheries. Kim Young-hwan, Secretary General of the Cooperation Foundation, the host organization, visited the site to encourage KT partners that have achieved export results and held a meeting to hear various opinions from SMEs and startups to promote exports.
“KT opened the KT Partners Pavilion to help SMEs, ventures, and startups in the AICT sector with innovative technologies and competitiveness to expand overseas, and achieved tangible results such as export contracts amid high interest from local buyers,” said Hyunkyu Lim, Vice President of KT Management Support Division. ”KT will actively support its partners to develop overseas sales and help them become global AICT companies.”
https://www.digitaltoday.co.kr/news/articleView.html?idxno=520268 
