Seoul’s Smart Tech Korea event attracts foreign buyers
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"Korea is a leading country in artificial intelligence (AI), and has quickly integrated AI technology into various industrial operations to achieve visible results to rival the United States and China," a visitor said. "We are here to explore business cooperation with Korea."
"Korea and Israel have been jointly investing in the R&D sector with funds over the last 20 years," Tamar Kosher Maron, head of the Israel Economic and Trade office to Korea, said. "With its solid technology infrastructure, Korea is an important market for Israel, and we will continue to support broader and stronger business cooperation between companies of both countries."
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They looked around the booths of innovative companies, seeking business opportunities.
“Korea is a leading country in artificial intelligence (AI), and has quickly integrated AI technology into various industrial operations to achieve visible results to rival the United States and China,” a visitor said. “We are here to explore business cooperation with Korea.”
The 13th Smart Tech Korea event is hosted and organized by Maeil Business Newspaper, MBN, and the Artificial Intelligence Industry Association. The annual event selects a leading technology country as the guest nation to facilitate the exchange of technologies and innovations between Korean companies and global leaders for each edition.
Israel was chosen as the guest nation for 2024, with Israeli cybersecurity companies setting up national pavilions and engaging in various programs to interact with Korean companies.
“Korea and Israel have been jointly investing in the R&D sector with funds over the last 20 years,” Tamar Kosher Maron, head of the Israel Economic and Trade office to Korea, said. “With its solid technology infrastructure, Korea is an important market for Israel, and we will continue to support broader and stronger business cooperation between companies of both countries.”
Representatives from the United Kingdom also visited the event to strengthen cooperation in the AI manufacturing sector with Korea. InnovateUK EDGE, a public institution supporting investments in small and medium-sized tech companies met with Korean robotics and AI companies as well as conducting technology seminars.
“We operate a program to connect British innovative companies wishing to collaborate with Korea, a manufacturing powerhouse,” Elizabeth Stanway, head of innovation at InnovateUK EDGE, said. “Through this event, we were able to discover more Korean AI manufacturing companies and expand our understanding of potential cooperation areas between the two countries.”
Overseas visitors at the event included Singaporeans who experienced body measurement solutions at healthcare company booths and an Indonesian web novelist discussing AI novel platform Story Nation’s overseas business.
The 4th Korea AI Industry Awards ceremony, which recognizes Korea’s top AI innovation companies, drew the crowd’s attention in the morning. AI virtual human developer ESTsoft and AI healthcare platform ACRYL, were the winners in 2023, and the number of competing companies increased from 1,600 to 2,000 in the 2024 edition as diverse companies vie to establish a Korean AI ecosystem.
“The winners play a pivotal role in Korea’s development as an AI-centered nation,” Maeil Business Newspaper chief executive officer Sohn Hyun-duck said. “We will continue to help cultivate the country’s AI competitiveness.”
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