Yulho, Enters Non-Face-to-Face Finance and Bio Big Data New Business Sector

[Asia Economy Reporter Eunmo Koo] Yulho, a KOSDAQ-listed company, is advancing into the non-face-to-face finance business and the public bio big data new business.

Yulho, a data storage specialist company, announced on the 4th that it will enter the government-led non-face-to-face finance business and public bio big data business.

Yulho will start its entry into the non-face-to-face business sector by investing 2 billion KRW in a domestic company excelling in the non-face-to-face finance business field. A company official stated, “Yulho’s main clients are domestic banks and public institutions, with data and server computerization work as its core business. Based on accumulated know-how, we plan to collaborate with the invested company to materialize the non-face-to-face finance business.”

The company will also participate in the “National Bio Big Data Construction Pilot Project,” a research program that collects and analyzes citizens’ genetic information data for medical purposes. Since storage devices that aggregate various data are essential for the production and utilization of big data, it is expected to create synergy with Yulho’s existing business.

Park Sang-bae, CEO of Yulho, said, “Yulho is a partner company of Dell Technologies, a global leader in data storage devices and server markets, possessing diverse experience and technological capabilities, making it a suitable company for this business. We will form a consortium with genome big data analysis companies to expand the storage supply chain.”

He added, “Bio big data is a new blue ocean market with high potential for innovative technological development. We aim to pioneer the new market through the infrastructure the company possesses.”

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