WiseAITech Launches 'Hanyangdoseong Time Machine' Project

[Asia Economy Reporter Hyunseok Yoo] Wiseye ITEC announced on the 4th that it has won the contract for the '2021 Hanyangdoseong Time Machine' project organized by the Cultural Heritage Administration. The project period is from this month until December.

The 'Hanyangdoseong Time Machine' is a project to build big data related to Joseon Dynasty cultural heritage within the Hanyangdoseong area centered around Gwanghwamun, and to restore it by integrating digital technologies such as augmented reality (AR) and virtual reality (VR). Through the production of immersive content, it is expected to foster creative understanding of cultural heritage, raise awareness of the importance of preservation and succession, and establish a new culture of viewing and experiencing.

This project was selected as one of the 'Three Major Innovation Strategies for the Content Industry' by the government to foster the content industry as a key sector for innovative growth, and was planned as a three-year project from 2020 to 2022. A total budget of 30 billion KRW will be invested.

Wiseye ITEC, as the leading contractor who successfully carried out the first-year project last year, digitized data from Gwanghwamun, Sajikdan, Jongchinbu Yukjo Street, Gyeongbokgung Palace, and others into big data. In this second phase, the current status of cultural heritage such as Deoksugung Palace, Jeongdong, Sungnyemun, Seoul Station, Hwangudan, and Seodaemun will be surveyed, and literature data will be collected to build big data. Using AI technology, they plan to restore and reproduce relics and buildings and construct a virtual 4-dimensional space.

Lee Jedong, Vice President of Wiseye ITEC, said, "Digital transformation integrating IT technologies such as AI, AR, and VR is accelerating to convey the value and meaning of cultural heritage and to revitalize the Korean economy through cultural heritage," adding, "We will support this project through AI and big data technologies so that it can become a major driving force for innovative growth in the content industry."

Meanwhile, Wiseye ITEC has continued to grow this year by diversifying its client base. It has signed contracts for projects including the Bank of Korea's foreign exchange examination automation system, as well as with the Korea Forest Service, Korea Gas Corporation, Nara Marketplace, and the National Information Society Agency. Recognized for its proprietary AI and big data capabilities, its operating profit in the first quarter of this year increased by 96% compared to the same period last year.

This content was produced with the assistance of AI translation services.