Samyang Corporation Participates in ‘HI JAPAN 2022’
Samyang Corporation, a food and chemical affiliate of Samyang Holdings, recently participated in 'HI (Health Ingredients) JAPAN 2022', an exhibition of health functional ingredients and products held in Tokyo, Japan.
At this exhibition, Samyang Corporation focused on non-digestible maltodextrin (NMD), a material that can display functionality in general foods. Non-digestible maltodextrin, a water-soluble dietary fiber, is a functional ingredient that can help ▲ smooth bowel movements, ▲ suppression of postprandial blood sugar rise, and ▲ improvement of blood triglycerides. Currently, Samyang Corporation is producing powder and liquid non-digestible maltodextrin under the brand ‘Fiberest’.
‘Allulose’, which is specialized in reducing sugar, also received great coverage at the event. Allulose, a representative specialty ingredient of Samyang, is a sweet ingredient contained in figs and grapes, which has a sweetness similar to sugar, but has zero calories, thus it is called the best next-generation sweetener. Samyang Corporation recently built a specialty plant in Ulsan and is producing crystalline allulose that is easy to distribute.
In addition, Kestose, a type of fructooligosaccharide used as an ingredient for health functional food, was introduced. Samyang Corporation is conducting a human application test for Kestose to get it approved as a health functional food ingredient.
In Japan, where the exhibition was held, the use of functional ingredients has been prevalent in the development of various foods such as confectionery, bakery, beverage, and supplementary food. The general food functionality labeling system was introduced there in 2015, six years earlier than Korea. In particular, non-digestible maltodextrin is one of the most used ingredients in the Japanese functional food market among various functional ingredients.
In order to effectively promote these key specialty ingredients, Samyang displayed raw material samples as well as products with their actual ingredients such as beverages, processed sugar products, protein bars, and syrups by category. In addition, brochures and leaflets were provided along with tasting samples to help visitors understand and draw their attention.
Choi Nak-hyun, CEO of Samyang Food Group, said, “We participated in the exhibition to introduce Samyang’s specialty ingredients to potential customers, and it was so successful that more than 600 people visited and consulted for three days during the event.” He added, “We will continue to participate in functional-food-related exhibitions, and we will also actively take part in global food ingredient exhibitions outside of Japan to raise awareness of Samyang’s specialty ingredients and encourage the development of new products using them.”
Samyang Corporation plans to introduce Samyang's specialty ingredients to overseas markets by participating in 'Supply Side West (SSW) 2022' held in Las Vegas, USA in November after participating in 'HI JAPAN 2022'.
Emocog received approval for the IDE(investigational device exemption) for its Cogthera, digital therapeutics for people with mild cognitive impairment.
A digital healthcare startup, Emocog received approval for the IDE(investigational device exemption) for its Cogthera, a software to treat people with mild cognitive impairment, from the Ministry of Food and Drug Safety. Cogthera is the very first product among other Digital therapeutics for mild cognitive impairment to receive IDE approval.
Cogthera, developed by Emocog, is a mobile-based digital treatment that can help patients with mild cognitive impairment to improve long-term memory and cognitive function. In March 2022, it was officially recognized by the Ministry of Food and Drug Safety as a medical device of cognitive therapy software.
This IDE will end in 2024. In this clinical trial stage, there will be a randomized group, double-blind group, active-controlled group, parallel-group, and multi-center study with patients suffering mild cognitive impairment. If this clinical trial is successfully completed, it will be commercialized in Korea in 2024 and can be prescribed at hospitals nationwide.
Noh Yoo-heon, co-chairman of Emocog said "The approval of this confirmation clinical trial is more meaningful in that it is the very first digital treatment for mild cognitive impairment," "We are also planning clinical trials overseas, including pre-submission to the FDA along with domestic confirmation clinical trials."
Emocog is a startup developing digital treatments for cognitive impairment, and the co-founders of which are experts in the fields of treatment of mild cognitive impairment and dementia patients and research on brain function improvement for more than 20 years. In recognition of its professional capabilities and the possibility of digital treatments, it has attracted a cumulative investment of about 17.5 billion won from Naver D2SF, Kakao Ventures, Stone Bridge Ventures, Green Cross Corporation, and SV Investment.
Korea Deep Learning Forms Consortium with Bo-um Inc.
Korea Deep Learning Inc., an AI software company, has recently revealed that they are developing the ‘Medical Chart Image Data Processing and AI OCR Model’ in collaboration with Bo-um Inc.
The two companies were jointly selected for the ‘2022 Data Voucher Support Business’ and began working together, forming a consortium. The Data Voucher Support Business is a support system where the government gives vouchers so that data and technology needed by companies with demand are provided by companies with supply.
The consortium is set to showcase a solution where AI is used to analyze medical charts to claim insurance in a simple way. Users will be able to experience a simplified personal insurance claim through kiosks that will support video calls with consultants as well as automatically preparing documents for the corresponding insurance claims using AI.
Korea Deep Learning used their company’s core technology, ‘DEEP OCR’, for the ‘Medical Chart Image Data Processing and AI OCR Model’. This technology is an OCR (optical character recognition) solution that advocates for a ‘smart OCR that thinks like a human’.
As the technology allows easy access even for users with no working knowledge of AI, it is expected to be helpful in massively simplifying the complicated existing claiming process where people need to do things like checking documents on their own. If you make the claim after the 1st time, you can complete the insurance claim in around 10 seconds.
A spokesman for Bo-um Inc., an insurance claiming solution company, said that, “Existing insurance claiming solutions have noticeably low usage rates from the middle-aged and senior people,” and relayed that, “The quality of life of all generations will be improved with the ‘human-connected kiosk’, where you can talk directly with a consultant.”
Jihyeon Kim, the CEO of Korea Deep Learning, said that, “Our company’s DEEP OCR is a technology that can read everything from atypical documents like the details page of shopping malls, or large amounts of documents like in logistics documents,” and went on to say, “We will satisfy clients, insurance companies, and medical institutions with our solution which is more accurate and convenient than existing processes.”
Korea Deep Learning had the technical capacity of their ‘DEEP OCR’ recognized, receiving the tailored accelerating program after being selected for the 2022 KB Unicorn Club operated by G-HUB Pangyo and KB Bank, and they have been selected for 22 tasks in this year’s ‘2022 Data Voucher Support Business’.
Awarded Ministry of Science and ICT Minister’s Award for the Invigoration of IoT
AhnLab stated that NAONWORKS (CEO Junekyoung Lee), their subsidiary company, was awarded the ‘Ministry of Science and ICT Minister’s Award for the Invigoration of IoT’ at ‘AIoT Week Korea IoT Awards 2022’, which was hosted by the Ministry of Science and ICT and overseen by the Korea Intelligent IoT Association, on the 19th.
The ‘Ministry of Science and ICT Minister’s Award for the Invigoration of IoT’ is an award that is given to people or organizations who have contributed to policies, development of technology, or promoted the industry to invigorate the field of IoT to foster the growth of the Korean IoT industry.
NAONWORKS was given the award for contributing to the field of IoT by developing technologies for smooth communication between sensors and objects in an IoT environment and to collect and monitor data, as well as for developing solutions.
The IoT technology developed independently by NAONWORKS is currently being utilized in various fields that apply to the ‘Diagnostic Prediction Technology Based Smart Elevator Maintenance Service Verification’ tasks supported by the National IT Industry Promotion Agency.
Junekyoung Lee, the CEO of NAONWORKS, said that, “NAONWORKS has applied our IoT technology to the environments of various industries, including logistics, transportation, smart cities and factories, and charging stations,” and went on to say, “We will work hard to provide a more convenient and safer environment in the IoT market which is expanding with NAONWORK’s unique technology.”
AhnLab took over NAONWORKS last year in July to secure technical expertise in the field of OT security and business synergy. The two companies are continuing joint R&D, launching the OT visibility and risk detection monitoring solution, ‘CEREBRO-IDS’, which combines NAONWORKS’s OT protocol evaluation technology with AhnLab’s security risk evaluation technology, in October this year.
Quick News
Urban Sharing Economy – C∙Space Sign MOU to Establish Hybrid Convenience Stores!
Sharing Economy, which runs the unmanned convenience store, AISS Go 24, signed a contract to establish a hybrid convenience store with C∙Space, which would be staffed during the day, and unmanned during the night.
Through the signing of this contract, the two companies agreed to apply the unmanned sales system technology of Urban Sharing Economy’s AISS Go, where things like alcohol, cigarettes, or other things that need to be purchased at night can be sold, in 2 locations of existing C∙Space convenience stores as pilot projects, before they aim to expand nation-wide and get new franchisees.
By connecting Urban Sharing Economy’s technology and C∙Space’s product sourcing and the logistics of their affiliate, Woolin, they will be able to differentiate their convenience stores from those of large corporations, installing unmanned AI vending machines in places like hotels, golf courses, resorts, motels, camping grounds, apartments, and small stores, and establish a super short-distance retail tech platform with customers by targeting a niche market based on ‘customer flow’ that the two companies aim for.
Spring Cloud – Korea Automotive Technology Institute Work Together for Autonomous Driving Technology Support Business R&D!
Spring Cloud signed a contract with the Korea Automotive Technology Institute for the technical support and R&D of shuttle (KAMO) based autonomous driving technology.
The R&D contract of Spring Cloud, an autonomous mobility service company, and the Korea Automotive Technology Institute will focus on the development of KAMO-based autonomous driving shuttles and technical support. In addition, they plan to consistently continue to research how to teach and train how to control the shuttles, how to repair the shuttles, and how to maintain them.
NEOPIN Signs MOU with HAVAH… “Popularizing Blockchains!”
The open platform for blockchains, NEOPIN, signed a MOU with the non-fungible token (NFT) platform, HAVAH, for the mutual exchange of technology and the establishment of a joint ecosystem.
HAVAH is characterized by its ability to use NFT issued by various chains for purposes like games, art, and social, regardless of the chain. Users can use NFTs that are in chains like Binance or Klaytn on games or social activity through HAVAH and can even exchange NFTs regardless of the chains.
Source: Pangyo Techno Valley Official Newsroom