SK Shielders invests in AI-based startup 'Lululab'

Customized Unmanned Automation Solution Supply Plan

[Asia Economy Reporter Kim Cheol-hyun] SK Shieldus (CEO Park Jin-hyo) announced on the 2nd that it has made an equity investment worth 3 billion KRW in AI beauty solution startup Lululab (CEO Choi Yong-jun).

Lululab is an AI-based health and beauty startup spun off from Samsung Electronics' in-house venture incubation program, C-Lab. Their solution analyzes human skin using AI and recommends optimal products, earning the Innovation Award for four consecutive years since 2019 at CES, the world's largest IT and electronics exhibition. The company is recognized for its products and technology not only domestically but also internationally.

This investment was made to expand SK Shieldus's safety and care business, a core pillar of its new growth strategy. By investing in innovative startups specialized in AI technology, SK Shieldus aims to strengthen its AI technological competitiveness and expects to create business cooperation and synergy using this technology. The most notable focus area is the unmanned business. Leveraging this investment, SK Shieldus plans to further expand its AI-based unmanned store business and lead the ecosystem of unmanned solutions.

SK Shieldus plans to apply Lululab’s AI-based skin analysis and product recommendation technology to its integrated unmanned store solution, 'Caps Unmanned Safety Zone.' This is expected to provide new opportunities for stores previously considered difficult to automate due to the essential need for human product recommendations. In particular, SK Shieldus intends to expand its business scope by supplying customized unmanned solutions to over 130,000 stores nationwide, including cosmetics, health and beauty stores, and pharmacies that relied on human product recommendations.

Beyond unmanned solutions, by integrating Lululab’s AI skin analysis-based disease prediction solution into SK Shieldus’s senior care business, it is expected to extend services to include emergency response and health management. The company also plans to expand its business with SK Shieldus’s mobile care service, 'Mobile Guard.' A representative from SK Shieldus stated, "Through cooperation with Lululab, we anticipate expanding our service scope to health care through AI-based disease prediction solutions."

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