Micro Medical Robot System

October 24, 2024 by Leave a Comment
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[INQ. NO. 2410E03] Established in 2019, IMsystem Co., Ltd. has developed Korea’s first micro medical robot system for precision vascular interventional procedures, and is currently commercializing it.
Currently, IMsystem has completed the prototype production of a remote magnetic micro medical robot system for vascular intervention procedures, and the licensing process is in progress.

Micro medical robot system for precision vascular intervention procedures
Unlike existing vascular intervention procedures in which the operator manually manipulates surgical tools, the micro medical robot system for precision vascular intervention (IM_SuperMag_Clinic) uses a magnetic field control system installed at the bottom of the patient’s bed. It is a remote surgery system using a magnetic guide wire/catheter microrobot attached to a microrobot fitted at the end of the existing guide wire/catheter.
Existing procedures have limitations in that it is difficult to insert surgical tools into narrow blood vessels of complex shapes due to manual manipulation by the operator, so the results of the treatment depend on the operator’s skill level. In addition, in the case of complex procedures, not only does exposure to radiation from X-rays, etc., increase due to increased procedure time, but the number of patients who can receive the procedure is also limited due to operator fatigue.

IM_SuperMag_Clinic controls remote surgical tools through magnetic field control, and the operator performs the procedure using a joystick/3D mouse while viewing X-ray images in a separate space rather than inside the operating room.
By reducing fatigue and radiation exposure and improving the convenience of the procedure, the success rate of the procedure, the speed of patient recovery, and the number of daily patients can be increased. It can thus meet the needs of patients, operators, and hospitals, respectively.
Following the completion of prototype development has been completed, and domestic GMP and licensing are currently in preparation. The acquisition of a domestic license is expected by the end of 2025. For overseas, IMsystem is aiming for CE and FDA approval in 2028. And it is expected that it will be able to quickly advance into overseas markets after being exempted from clinical trials by receiving 510k equivalent recognition from the FDA.


 
 
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Eco-Friendly SES Smart Water Meter

October 24, 2024 by Leave a Comment
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[INQ. NO. 2410E02] ShinDongA Electronics Co., Ltd. is the first Korean manufacturer to produce fluid vibration electronic water meters, and is taking the lead in making 21st-century smart meters based on the outstanding performance of its own brand, the ‘SES water meter.’
Unlike the previous mechanical water meter that detects flows through the internal impeller’s rotation, this manufacturer’s SES smart water meter measures flows through the Coanda Effect: fluid vibration electronic system.
As there is no separate driving part inside, the smart water meter has relative advantages in improving durability degradation caused by component wear and tear, and increasing measurement accuracy and is safer as there is no degradation in comparison with the mechanical water meter.
There is a stark difference when looking at the material used for the new product. While the existing product is made of brass (low-leaded/unleaded) from which a certain amount of harmful substances are emitted, the SES water meter is an eco-friendly product that does not generate harmful substances such as lead, zinc and formaldehyde as it uses Polyketone that is an engineering plastic material developed by Hyosung Chemical.
Moreover, the water meter is equipped with NB-IoT, Bluetooth and LoRa modules, making it unnecessary to attach additional devices, and comes in a compact size for anyone to easily install even in a narrow space.

Advanced Metering Infrastructure and Automatic Meter Reading
Such modules work together to transmit flow data that is collected through wireless AMI/AMR methods and saved in the server. And the data can be checked through the website and mobile application to immediately uncover any abnormalities.
As the mobile application is divided for managers/officers and users, a user is able to directly ascertain the amount consumed in his/her home.

  
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AI-powered Medical Software

October 24, 2024 by Leave a Comment
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[INQ. NO. 2410E06] Waycen is an AI meditech specialized company. It was founded in 2019 and is developing medical AI software essential for the healthcare industry based on collaborative research with medical institutions.
Waycen possesses proprietary technology in artificial intelligence-based real-time image analysis, and medical big data analysis. Building upon this, it has developed innovative medical AI software, and achieved a remarkable feat by winning four CES Innovation Awards at CES 2023, the world’s largest IT exhibition, making Waycen the first medical AI company to do so.

AI-powered medical software for stomach and colon abnormalities
WAYMED Endo is AI-powered medical software that analyzes endoscopic images in real-time to detect abnormalities in the stomach and colon, and examines the characteristics of these abnormalities. It can seamlessly integrate with existing endoscopy equipment from various manufacturers, without disrupting the conventional endoscopy workflow, thus making it highly preferred by endoscopy practitioners.

Winning the Innovation Award at recent CES for two consecutive years
Recognized for its innovative capability to detect abnormal lesions in real-time during endoscopy without delays, WAYMED Endo has won the Innovation Award at the world’s largest IT exhibition, CES, for two consecutive years.
In South Korea, it has obtained Class-3 clearance for stomach applications and Class-2 clearance for colon applications. Recently, it has been designated as the 37th most innovative medical device by the Korean Food and Drug Administration, especially for its groundbreaking early detection of stomach cancer.

Growing its brand awareness, especially for Southeast Asian markets
Internationally, the product has been installed at Saint Paul Hospital in Hanoi, Vietnam, with plans to expand its reference hospitals to Hanoi and Ho Chi Minh City later this year. It is currently installed in hospitals in Cambodia and Thailand, where the incidence of stomach and colon cancer is relatively high, generating significant interest in this innovative solution throughout Southeast Asia.


 
 
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Global Markets

October 24, 2024 by Leave a Comment
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Korean Exporters’ Continuing Dominance
Of Global Markets

Maintaining a 12-month positive export trend

Korea’s September exports, based on data released by the Ministry of Trade, Industry and Energy (MOTIE), recorded $58.77 billion ― the highest performance ever for September, and the highest performance this year. The average daily exports in September were recorded at $2.94 billion, the highest performance ever, increasing by 12.9%.

Semiconductor exports, the largest export item, increased by 37.1% to $13.6 billion. These broke the record for the first time in three months since June and continued the 11-month consecutive increase.

Computer exports increased by 132% to $1.5 billion, growing for nine consecutive months; and exports of wireless communication devices increased by 19% to $1.9 billion, rising for seven consecutive months.

Automobile exports, the second largest export item, recorded $5.5 billion, up 4.9% year-on-year despite a decrease in the number of operating days (-1.0 days). They turned positive for the first time in four months, achieving the highest performance as of September.

Ship exports increased by 76.2% to $2.4 billion, and the growth rate exceeded 50% for the second consecutive month. Bio-health exports also grew by 9.9% to $1.2 billion, increasing for the third consecutive month.


 
 
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Medical-Image AI Reading Assistance Solutions

September 26, 2024 by Leave a Comment
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 DEEPNOID, Inc. aims for a future where anyone can easily understand and utilize artificial intelligence (AI).
Deepnoid services include digitalization of analog hospitals; smart healthcare for a healthier life for everyone; and non-face-to-face treatment through medical AI; and industrial AI technologies and solutions. Deepnoid is expanding its business in the field of AI.
Deepnoid, a 1st-generation domestic medical AI company, has joined hands with K-Bio Healthcare with the goal of developing customized digital healthcare for personal health management.
Deepnoid’s CEO Woo-sik Choi explained, “KBio Healthcare has ideas for utilizing data, and we have the technology to utilize data based on AI. We will contribute to improving the health and quality of life of many people through innovative medical solutions based on AI.”

 
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AI Chips for Visionaries

September 26, 2024 by Leave a Comment
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FuriosaAI is a semiconductor leader in sustainable AI computing, enabling universal access to powerful AI and its transformative potential.
Led by pioneering experts in silicon hardware engineering and computer vision applications, FuriosaAI is developing the world’s first futureproof AI hardware for data centers and enterprises.
With its innovative software stack and hardware, FuriosaAI’s ambitious AI chip is tackling the persistent industry challenge of optimizing efficiency, programmability, and ease of use.
“Our mission is to build AI chips capable of running the world’s most advanced models efficiently. We believe this is a critical lever in making AI computing more sustainable for the next generation,” commented the company’s CEO.

 
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AI-based Simple Entry-level Lung-Function Checker

September 26, 2024 by Leave a Comment
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TR Corporation is a digital healthcare company that strives to develop technologies and services for a better life for everyone.
With innovation, expertise, trust, and service as its core values, all TR’s executives and employees strive to fulfill their responsibility for customer satisfaction. TR has thus been recognized for its business potential by being selected for various national projects, including projects by the Ministry of SMEs and Startups, the Ministry of Science and Technology, and the Ministry of Foreign Affairs.
Furthermore, as a company specializing in healthcare, TR is a company that fulfills its social responsibilities, faithfully fulfills the basic values of the company, continuously improves corporate value, and strives to provide a comfortable life to many people through innovative technology.
TR’s AI-based simple entry-level lung-function checker ‘THE SPIROKIT’ has high precision, and it is an AI-based chronic respiratory disease checker with S/W that can be tested within five minutes using data stored in the DB platform and AI. It is an entry-level lung-function checker that can be easily possessed and operated at a low cost – even in primary medical institutions, which were difficult to access due to various problems with existing diagnostic spirometers.
TR is also preparing to unveil its advanced IoT-based nebulizer ‘THE NEB’ at the upcoming Big Data & AI World. It is an IoT-based nebulizer that can be linked with dedicated applications using Bluetooth, which allows users to record usage, control usage, and alarm functions. These functions enable accurate diagnosis by medical staff suitable for the current situation, and reduce the risks of drug overuse and misuse. It is also a next-generation nebulizer that can be used more cleanly as it can disinfect areas that are difficult to clean by applying UV-C LED.
“We are pursuing our core values of innovation, professionalism, trust and service to make customer satisfaction the highest priority. In addition, we have been selected for many projects by the Ministry of SMEs and Startups, Ministry of Science and ICT, Ministry of Foreign Affairs, in recognition of our achievements and potential,” a spokesperson for the company remarked.

 
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Enterprise-Centric Generative AI Solutions

September 26, 2024 by Leave a Comment
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Sionic AI is accelerating its efforts to diversify its customer base and expand globally with its enterprise-optimized generative AI middleware platform.
The company recently secured KRW 5.5 billion in seed funding from major domestic investors, which has validated its exceptional technology and growth potential.
Founded in May last year, Sionic AI specializes in providing solutions that optimize large-scale AI, including large language models (LLMs), for enterprise environments. While there are only about five companies globally developing AI technologies, thousands are providing AI services, positioning Sionic AI as a crucial bridging platform between these two domains.
Despite its relatively short history, Sionic AI has become a leader in industry innovation due to its emphasis on human resources, technological expertise, and the innovation of its solutions.
The startup was established by experts from leading IT companies such as Naver, Toss, and Line, who bring substantial experience in AI B2B consulting and sales. Sionic AI focuses on practical, not speculative, AI technologies, and its AI models have been recognized for their superior performance, often ranking first in industry evaluations, surpassing global competitors.
Sionic AI’s key products include the generative AI-based enterprise optimization solution ‘STORM Platform,’ which includes ‘STORM Answer’ for answering various queries, and ‘Analyze’ for providing analytical results such as summarization and sentiment analysis. The platform allows users to focus on specific roles rather than just selecting AI models, thereby enhancing practical utility for users.
Ko Seok-hyun, CEO of Sionic AI, commented, “We are planning to expand into the Japanese and Southeast Asian markets. Our goal is to maximize customer value through our enterprise-centric AI solutions.”
Sionic AI aims not only to advance generative AI technology, but also to increase accessibility and usability so that all companies can freely utilize AI. Sionic AI offers solutions that allow users to design Large Language Models (LLMs) in various corporate environments without restrictions, enabling even non-experts to easily and quickly operate, manage, and control it.

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All-in-one Platform for AI

September 26, 2024 by Leave a Comment
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Backend.AI is an all-in-one platform that integrates the entire process of researching and developing AI and creating services, and is an enterprise solution that specializes in the fields of super large-scale AI, high-performance computing, and supercomputing.
It is installed in on-premises servers and cloud environments, and is responsible for smooth distributed execution and management of deep-learning model design and training processes. Based on Linux container and VM technology, it securely distributes and executes AI and high-performance computing code on various platforms, and automates complex AI development processes that mobilize thousands of computers with GUI and MLOps functions without complex settings.
Backend.AI integrates the latest storage and AI acceleration hardware technologies on top of its proprietary orchestrator and scheduler, along with its own patented GPU partitioned virtualization technology that significantly reduces the costs of GPU usage. This enables the company to achieve industry-leading performance, efficiently reducing the cost of massive and costly AI training and the rapidly growing number of AI services.
Backend.AI is open-sourced so that anyone can develop AI without barriers; and Backend.AI Enterprise, an enterprise version with many features for enterprises and institutions, is recognized as an AI platform that integrates high performance and convenience. It is used by more than 70 enterprises and institutions, including Korean conglomerates such as Samsung Electronics, KT, and LG Electronics, as well as the Bank of Korea, the Health Insurance Review and Assessment Service, and GIST. It was also selected as the only DGX-ready software in the Asia-Pacific region that is optimized to operate NVIDIA’s AI supercomputer, DGX, and is currently exporting Backend.AI Enterprise to countries in Latin America and Europe.
Founded in 2015, Lablup secured a Series-A investment of 10.5 billion won earlier this year. “Backend.AI technically solves various reliability problems that occur in the process of AI development and operation.

 
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2024 Big Data & AI World

September 26, 2024 by Leave a Comment
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Korean Companies Tapping Southeast Asia’s Big Data & AI Market


 The 2024 Big Data & AI World, which will be held at the Singapore Marina Bay Sands Exhibition Center from October 9 to 10, is Southeast Asia’s largest big data and AI exhibition.
This year’s exhibition also includes various international conferences, exhibitions, workshops, and networking events on innovative technologies such as artificial intelligence (AI), big data, the Internet of Things (IoT), cloud computing, and cybersecurity.
Through the Korea Pavilion jointly organized by the Korea Artificial Intelligence Association (KORAIA) and KOTRA, seven companies armed with innovative solutions related to big data and AI, and showing considerable competitiveness in the global market, will settle in and start global marketing.

Singapore’s AI industry is achieving steady innovation and development, led by public-private sector cooperation. With active support and investment from the government and companies, the application of AI is expanding, which is driving innovation and efficiency improvements in various sectors.
In particular, healthcare, finance, and education are expected to fulfill more important roles as key areas where AI can be applied, and the Singapore government is expected to act as a key player in global AI innovation by strengthening regulations and guidelines on AI technology and its ethical use.


 
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