Kyowon Group Partners with AI Company Cleon for Technology Collaboration... "Joint Venture to be Established Next Year"

Kyowon Group announced on the 30th that it has signed a Memorandum of Understanding (MOU) for technical cooperation with AI specialist company Cleon. From the left in the photo: Shin Young-wook, CEO of Kyowon Edu, and Jin Seung-hyuk, CEO of Cleon.
[Photo by Kyowon Group]

[Asia Economy Reporter Junhyung Lee] Kyowon Group is partnering with an artificial intelligence (AI) specialist company to establish a joint venture (JV) next year.

On the 30th, Kyowon Group announced that it signed a memorandum of understanding (MOU) for technical cooperation with AI specialist company Cleon. Through this MOU, Kyowon Group plans to create a new business model based on AI. The approach involves combining Kyowon Group's educational business expertise and content with Cleon's technological capabilities to expand AI-centered edutech services. They will jointly develop AI services with Cleon and also promote the establishment of a joint venture next year.

Kyowon Group, with 36 years of experience in the education business, is building an AI and big data-based educational service platform and focusing on developing new content. Cleon will be responsible for developing AI application services such as 'DeepHuman' and will also work on AI technology development applicable to the education sector.

Cleon was the first-place winner of the '2021 Kyowon Deep Change Startup Prize.' It possesses 'DeepHuman' technology that creates video and audio through AI deep learning. With just one photo and about one minute of voice data, it can transform and generate the face and voice of a person in the video.

Kyowon Group and Cleon will continue strategic collaboration to establish the joint venture. Their strategy is to enhance virtual character services such as 'AI Tutor' and expand service areas beyond early childhood and elementary education markets to e-learning, online tutoring, and public education. Kyowon Group intends to continuously develop advanced technologies to secure a leading position in the future edutech market.

A Kyowon Group official said, “Kyowon and Cleon, which has expertise in deep learning, have combined their strengths to build an AI-based edutech platform,” adding, “We will create various edutech content using AI and introduce digital content that can be utilized throughout education to secure the future market.”

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