Martial Arts, 'LS Electric Open Innovation Final Presentation' Held

Energy and Automation Future Startup Discovery
Plans to Discuss Joint Projects After Technology Verification (PoC)

The "Open Innovation Final Presentation" hosted by the Korea International Trade Association (Chairman Gu Ja-yeol) and LS ELECTRIC is taking place on the 31st at the COEX Startup Branch in Samseong-dong.

[Asia Economy Reporter Park Sun-mi] On the 31st, the Korea International Trade Association held the ‘Open Innovation Final Presentation’ at the COEX Startup Branch in Samseong-dong, jointly with LS Electric, the No. 1 domestic company in the power and automation sector, to discover future startups in energy and automation.

The startups that made it to the final presentation stage after overcoming a competition ratio of 18 to 1 are six companies: ▲Neurocle (AI deep learning vision inspection for non-experts), ▲DeepX (artificial neural network processing semiconductor for AI computation), ▲Pluglink (electric vehicle charging service for multi-family housing), ▲Ninewatt (urban energy map using public data), ▲Sizzle (process improvement solution for root companies), and ▲SNP Lab (MyData platform company).

In his congratulatory remarks, Koo Ja-yeol, Chairman of the Trade Association, said, “There are many differences between large corporations and startups in terms of work speed, business models, and organizational culture, but precisely because of that, there are opportunities for innovation through collaboration.” He added, “I hope that through communication and cooperation, these differences can be bridged and synergy can be created in the process.”

Koo Ja-gyun, Chairman of LS Electric, also stated, “LS Electric has grown into Korea’s leading energy industry company through continuous internal challenges and innovation.” He continued, “Now, through open innovation, we will respond agilely to changing market demands and actively discover future new growth engines to grow into a global No. 1 company.”

LS Electric plans to conduct on-site technical verification (PoC) with the companies finally selected as promising cooperative startups through the presentation, and later discuss joint projects and equity investment. The Trade Association and Seoul Startup Hub will jointly support PoC funding and overseas expansion. Jang Seok-min, Director of the Digital Innovation Headquarters at the Trade Association, said, “The association will continue to serve as a strong bridge connecting large corporations and startups, striving to enable collaboration in various ways regardless of company size or industry.”

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