[PANGYO ISSUE] Pangyo Technovalley Weekly News, News from the first week of August

– OneWeb-Hanwha Systems provides satellite communications service in South Korea

OneWeb, a global satellite communication company, will launch satellite communication services in the Korean market in 2023 in partnership with Hanwha Systems. OneWeb is targeting the market focusing on B2B services.

It has been confirmed that OneWeb and Hanwha Systems in the UK have started preparing related administrative procedures and infrastructure with the aim of launching services in South Korea in 2023. The two companies are preparing technical and administrative procedures for the launch of Korean services at the same time. OneWeb will launch a total of 648 low earth orbit (LEO) communication satellites in the global market by the first half of next year, and will prepare South Korea to be included in the 24-hour satellite communication range. The selection of gateway operators to connect to the ground Internet network using satellites as a repeater will also be completed within 2023 and technical preparations will be completed to enable Korean services by the second half of the year.

Hanwha Systems, which owns a stake in OneWeb as a domestic corporation related to administrative procedures, is preparing to register with the Ministry of Science and ICT as a “a telecommunication company that owns line equipment for the wireless business for a certain term.” OneWeb uses Ku bandwidth (12~18GHz) and Ka bandwidth (26.5~40GHz) as its satellite communications frequency bandwidth. For Korean services, it is necessary to check concerns over confusion and interference with other satellite broadcasting and communication services and obtain permission to use them. Hanwha Systems plans to register as a telecommunications business operator for a certain term by next year and run the service in South Korea.

OneWeb and Hanwha Systems are expected to target the B2B satellite communication market. While SpaceX is strengthening general users (B2C), OneWeb is focusing on the B2B market including providing mobile backhaul for mountainous and remote areas, and satellite Internet for deep-sea fishing vessel and aircraft.

OneWeb is providing low earth orbit (LEO) satellite by launching 428 satellites, which are about 70% of the target, at an altitude of 1,100 to 1,200 kilometers above the ground. Hanwha Systems invested $300 million in OneWeb. Recently, it has decided to merge with Eutelsat, a French low-Earth orbit (LEO) satellite company, and is expanding its entry into global markets competing with SpaceX. Amid the global satellite communication market which is divided into a two-way race between SpaceX, OneWeb, as opposed to Eutelsat, both companies have begun practical preparations to enter the South Korean market in 2023, and the South Korean market is emerging as a key testbed as well as a competitive arena for global satellite communication.

Compared to SpaceX, which is a major shareholder of Tesla in the U.S., OneWeb in which the British government holds a stake is close to a multinational company jointly invested by Hanwha, Japan’s Softbank, and India’s Bharti Airtel. As a partner equipped with communication satellite manufacturing technology such as Payload and end terminal, Hanwha Systems plans to promote joint business with OneWeb which can help with its global expansion.

– WeMade starts ESG management in earnest

WeMade reported that it has begun ESG management in earnest. WeMade established an ESG committee chaired by CEO Jang Hyun-guk in July last year to promote systematic ESG management.

ESG Committee is responsible for establishing mid- to long-term strategies, making major decisions, and monitoring implementation tasks across the enterprise. The relevant information is reported to the board from time to time.

In January, a dedicated department to ESG management established to carry out activities for ESG management practice and internalization. A compliance team and internal accounting management team were also created to strengthen the compliance system.

Under the ESG Committee, there are five working groups: environmental management, human rights/compliance, social contribution, governance, and information protection. The working group is a consultative body of related departments by area. After working with ESG team to establish specific plans for major issues, they are carrying out tasks accordingly.

WeMade plans to accelerate ESG management around three key objectives: responsible practice of environmental management, inclusive growth for future generations, and transparent governance.

Responsible environmental management practice is adopted through efforts such as reducing greenhouse gas emissions, reducing waste, saving water resources, and efficient use of resources. Education and participatory activities are also carried out with the aim of improving employees’ awareness of the environment.

It also strives for inclusive growth for future generations. It supports the growth of members and implements a safe and great place to work. It supports the education and cultural development of the local community, and protects consumer rights through responsible marketing and personal information protection.

In order to maintain transparent governance, efforts to disclose reliable information, promote shareholder value, organize and operate efficient boards, and strengthen compliance systems will also be continued.

“WeMade will practice exemplary ESG management that meets the status of leading companies in the blockchain market,“ said Jang Hyun-guk, CEO of WeMade. “We will show the growth of a company that eventually meets social expectations.”

Meanwhile, details on ESG management promoted by WeMade can be found on the official website.

– MOPIC enters the German microscope market

MOPIC, a childcare company nurtured by Gyeonggido Business & Science Accelerator, announced on the 3rd that it will provide key technologies to Germany’s “Solectrix.”

MOPIC is a metaverse startup that has ‘light field 3D display technology’ that allows users to see stereoscopic images without wearing VR (virtual reality) devices or 3D glasses. Following the recent selection of related technology suppliers such as Samsung Electronics and LG U+, it attracted investments from Samsung Electronics and Samsung Venture Investment.

Solectrix is a German company that provides digital transformation solutions which convert analog optical microscopes into digital microscope systems. In order to reflect “Binocular Parallax” that can be felt in analog microscopes exactly into a digital screen, MOPIC’s light field 3D technology was adopted and applied to Solectrix’s “sinaSCOPE” lineup.

Bilateral parallax refers to the parallax between the two eyes that observe slightly different images when looking at the same object because the left and right eyes are in different positions, and it helps people recognize the exact three-dimensional effects and depth. MOPIC’s light field 3D technology uses this principle to be implemented as it is on a flat display.

In addition to light field 3D technology, MOPIC will provide a customized total solution optimized for customer needs by combining software algorithms that provide consistent three-dimensional effects at any location with optical technologies that show clear high-resolution stereoscopic images without afterimage.

Solectrix’s primary goal is achieving 1% of the German microscope market. It is a business that generates more than 15 billion won in annual sales,” a MOPIC official said. “We are being well-received by customers engaging in microscope digital transformation business in the U.S. and the U.K.”

Meanwhile, MOPIC was spun off from Samsung Electronics in 2015 and was selected for the 2020 Startup Leap Package Jungle Program of the Ministry of SMEs and Startups and Korea Institute of Startup & Entrepreneurship Development and is receiving customized support such as commercialization support and mentoring of managing organization the Gyeonggi Center for Creative Economy & Innovation.

– Krafton reveals the worldview of Generation Z influencer virtual human “ANA”!

Krafton Co., Ltd. released short-form content including a virtual human Ana’s unique worldview and daily life on the 4th.

Ana is a ‘positive energy evangelist’ who delivers positive influence to the world through music and entertainment. It is a Generation Z influencer who likes games, songs, dance, and fashion and is interested in creating a sustainable society such as protecting animals and the environment.

The full body image and shortform content, which were released additionally, show Ana’s future moves as a virtual human being along with her natural daily life.

In the first teaser image released in June, the identity of the green crystal ring on Ana’s finger, which drew curiosity, was also revealed. The green crystal ring gives Ana the ability to teleport the various real worlds and interact with the world in new ways. In addition, it was also revealed that Ana has a special ability to make people around her feel better by shooting a pink bubble gun with the word “FIZZ.”

Ana, who arrived in the real world to spread positive influence around the world, will grow into a virtual influencer representing Generation Z around the world with unique stories and worldviews,” Krafton said. “This content will help you meet Ana’s hip visuals and energetic aspects.”

Meanwhile, Ana is a virtual human that Krafton first unveiled in June, and is created using Krafton’s unique technology such as hyperrealism, rigging, and deep learning technologies. Activities in various areas, including the release of the original piece of music and the release of the music video, will be released in a consecutive order.

Quick News

– Biocenter at Gyeonggido Business & Science Accelerator identifies antiviral effects based on oriental medicine on grape stalks

Gyeonggi-do announced on the 3rd that researchers led by Choi Chun-hwan, a doctor at Gyeonggido Business & Science Accelerator, and Choi Jang-gi, a doctor at Korea Institute of Oriental Medicine Application Center, have confirmed the antiviral efficacy of Vitisin B, an ingredient contained in vine stems.
Using Vitisin B ingredients found in vine stems, the research team has found out the following results such as reduced mortality and weight loss due to viruses, reduced lung inflammation due to influenza viruses, antiviral efficacy against oseltamivir-resistant influenza, and reduced immune overreaction due to inflammation for the first time.

– Work out to earn coins… WEMADE makes strategic investments in M2E Sneakers

Sneakers added the concept of land (LAND) combining reality maps with the existing M2E business model, which allows users to purchase sneaker NFTs and receive coin rewards when they work out. These coins can then be used to conduct NFT repair or to level up. It pursues a sustainable business model by generating profits through marketing strategies of companies.
Sneakers has already secured 100,000 users and is growing into the largest scale among NFT projects that have started in South Korea. It is a global project with more than 70% of overseas users such as Japan. WEMade will cooperate to further accelerate the global expansion of Sneakers.

– “Check your pregnancy test results using AI”… NHN Edu launches AI Pinkbot Pregnancy Test

“AI Pinkbot Pregnancy Test” is a service that deciphers a picture of a pregnancy test taken by a user based on deep learning technology for image data and informs of the result. It is expected to increase the accuracy of the test by analyzing the blurred result lines usually displayed in the pregnancy test machine.
NHN Edu said, “As the largest FemTech (women’s healthcare and medical technology) service platform in South Korea, it has developed AI Pinkbot pregnancy test functions based on its own technology,” adding, “We will continue to provide various useful services specialized in women’s health.”

Source: Pangyo Techno Valley Official Newsroom