[100 Companies in Pangyo, the Silicon Valley in Asia] ③AlphaBit, an encryption solution company receiving spotlight in data security era

-Alpha SmartGuard uploaded in PPS’s Nara Market online shopping mall
-Greater market demand expected by implementing three data laws

According the survey conducted on the resident companies in Pangyo, 70% were non-manufacturers, and IT accounted for 74% of the technology sector. The most types of technologies of the companies were software development, manufacturing services, big data and data technology. This ecosystem uplifted Pangyo as the Silicon Valley in Asia, and many companies are using Pangyo as the bridgehead for entering the domestic and foreign markets. Here is AlphaBit, a security software specialist. As the three data laws that are the basis for industrial and commercial use of big data have been revised recently, AlphaBit is receiving attention from public and financial institutions, and also private companies that need to implement data security.

Targeting the encryption market for data protection, AlphaBit is a data security startup company established in 2014. In line with the rapidly changing IT environment, it is leading IoT security, big data security, database security, and security authentication. This company supplies Alpha SmartGuard, an unstructured data encryption solution, and Alpha TKMS, an exclusive solution for HSM key management, to the public institutions and financial markets.

[100 Companies in Pangyo, the Silicon Valley in Asia] ③AlphaBit, an encryption solution company receiving spotlight in data security era

Alpha SmartGuard is a solution that can protect customer information safely with fast performance and security from personal information leakage accidents which a series of them had recently occurred, fundamentally blocking the leakage of personal information by encrypting personal information included in unstructured data such as files or images and providing fast and safe storage environment in a smart environment. Also, Alpha TKMS helps key managers maintain a robust security environment by providing a convenient and intuitive management environment.

“Our company is receiving better reviews than other foreign competitors in the unstructured data security market because of our superior encryption and visualization capabilities and partial encryption being possible,” says CEO Jeon Tae-yeol of AlphaBit. He explained, “In encrypting and visualizing passports –users would have to descramble to see for sure–encryption done by users without authorization have unrecognizable values. But, we improved the visualization of the pages like the passport images, and rather an encrypting the entire passport, you can selectively encrypt only the important information like personal information with our product.”

AlphaVipa, which holds patents related to security software that supports encryption visualization and image encryption, has obtained Class 1 GS certification from TTA in 2017. It has recently uploaded Alpha SmartGuard in PPS’s Nara Market online shopping mall, so more financial, private, and public sectors can purchase this easily.

(사진 설명: 전태렬 알파비트 대표 )

Saying, “Pangyo provides start-ups with tremendous advantages in terms of facilities to support product development, infrastructure, and geography,” Jeon knows why Pangyo is called the Silicon Valley in Asia. In addition, Jeon said, “Especially in Pangyo, various data security-related companies are located, creating the best data security ecosystem in Korea. I think there will be many opportunities to cooperate for developing various technologies or platform solutions that integrate data security with non-face-to-face solutions.”

He ended the interview by saying, “We are designing an unstructured data protection encryption integrated management system in a third-party format and analyzing the requirements as we are making the products. I am looking forward to seeing the global network of Pangyo making new opportunities in creating new markets in Korea and entering the overseas market.”