[PANGYO ISSUE] Pangyo Technovalley Weekly News, News from the second week of September

-Naver to present HyperCLOVA thesis at the EMNLP


Naver announced on Sep. 3 that it will present a core research paper on its super-scale AI HyperCLOVA at EMNLP 2021, an international natural language processing (NLP) conference.

EMNLP is considered one of the most prestigious academic societies in the field of natural language processing along with ACL. It will be held from Nov. 7th to the 11th in the Dominican Republic.

Naver’s HyperCLOVA research paper was selected for the main conference presentation. The purpose of this study is to introduce the super-scale Korean language model HyperCLOVA and the data used for its learning, and to verify the performance of the models of different sizes.

Naver will also present six papers of collaborative research with KAIST, Korea University, and Seoul National University at the conference.
The Naver AI Lab head Ha Jung-woo said, “The publication of this paper is a meaningful achievement in the sense that this time, the value of Korean language AI was recognized in the global natural language processing academia that had been centered around English.”

-Nexon’s core title Project Magnum goes to PlayStation

Nexon’s new project Project Magnum will be released on the PlayStation platform. The PlayStation version teaser video was first released on Sep. 2, and surpassed 500,000 views in just one day of its release.

Project Magnum is a new game in the looter shooter genre developed by Nexon’s subsidiary, Nat Games. It was one of the seven key projects announced by Nexon on Sep. 5.

Project Magnum is in a genre that Nat Games is trying for the first time. The looter shooter is a genre that mixes RPG elements with a point-and-click style shooting game. RPG Elements. Like a first-person or third-person shooter game, players go in battles and defeat enemies to acquire items and develop their characters.

Especially, it is going to display fast-speed battles by using high-quality graphics that are close to real life, various skills, and special movement using wires and various firearms. It will also add elements that will continuously motivate players, such as cooperative play to attack bosses with other players, item farming, and character growth.

Nexon plans to release Project Magnum as a PC and console platform simultaneously in domestic and global markets except in China.

-Kakao Entertainment turns key to realize its dream of becoming a global entertainment company


Kakao Entertainment is taking a leap forward to become a global entertainment company. On Sep. 1, it ended the merger with Melon Company, which operates Melon, the largest music streaming platform operator in Korea, and fired the signal for a leap forward. By merging Melon Company, CISs (company-in-company) like KakaoPage and Kakao M were integrated into the music, story, and media sectors.

Through integration, Kakao Entertainment is aiming for a stronger synergy effect among it’s subsidiaries. One official from Kakao Entertainment said, “We are considering various ways to provide benefits to platform users in the Kakao community.”

In terms of content planning and production, an improvement in the intellectual property (IP) value chain can be expected. A web novel or webtoon IP can be used as a reference to produce dramas or films. Kakao Entertainment currently has 8,500 original IPs.

In terms of sectors, the story division stood out the most in the global market. Kakao Webtoon, which launched in Thailand last June, ranked first in sales just three months after the platform was launched. Piccoma, which launched a webtoon service in Japan in 2016, has been ranked first in monthly sales since July of last year. Based on this overseas advancement know-how, Kakao Entertainment is planning to expand in Europe, Greater China, and Southeast Asia within this year.

-Pangyo Startup Zone recruiting 3rd new tenant companies until Sep. 17

The Gyeonggi Center for Creative Economy & Innovation is recruiting 3rd new tenant companies in 2021 for the Pangyo Startup Zone until Sep. 17.

The Pangyo Startup Zone is the largest startup support space in Korea established by the the Ministry of SMEs and Startups, and it is operated by the Korea Institute of Startups & Entrepreneurship and the Gyeonggi Center for Creative Economy & Innovation. It focuss on fostering promising startups in new industries, and it’s located on the 6th to 8th floors of the Corporate Support Hub in Pangyo Technovalley 2. It has about 130 dedicated office spaces for companies and 33 meeting rooms, supported by around five venture capital and investment companies, plus around eight supporting organizations.

In addition, it provides support service by sectors needed for corporate operation with △a Global test bed that can implement an overseas mobile communication environment △a 3D production developing room where prototypes can be designed and manufactured △A four-language interpretation and translation service in English, Chinese, Japanese, and Spanish, and △ a KT cloud open space that supports technology through collaboration.

This time, it will recruit eight companies, and it is open for prospective entrepreneurs and companies in business for seven years or less on the date of the recruitment announcement. The companies should be in △Data △Network △AI △System semiconductors △Future cars △Biohealth, and △IoT.

Pangyo Technovalley is an innovation hub for global companies comparable to the Silicon Valley in the US, Zhongguancun in China, and STATION F in France. It is an Asia tech hub with 1,259 IT, BT, CT, and NT companies that possess innovative products and technologies. Located just south of the metropolitan area, it provides the best environment for Korean companies to do business with great transportation access and infrastructure.

Various high-tech companies are located in Pangyo Technovalley, and it is occupied by 64,000 full-time employees, many in their 20-30s. In terms of industry, the companies are engaged in information technology, contents technology, biotechnology, and nanotechnology.

With the support of innovative companies with global capabilities such as Kakao, Naver, AhnLab, Krafton, NCSoft, Nexon, and Hancom, companies in Pangyo Technovalley recorded 107 trillion won in sales last year. Investment and infrastructure growth in Pangyo is expected to continue, with the Metaverse hub entering Pangyo this year.

Source: Pangyo Techno Valley Official Newsroom

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