Monoright Certified as Innovative Growth Type Venture Company... Achieves 'T4 Grade' for Excellence in Technology Evaluation
[Asia Economy Reporter Jang Hyowon] Monolight, a lifestyle commerce startup centered on fandom content, led by CEO Kim Seongsu, announced on the 10th that it has simultaneously obtained the 'T4' grade, awarded to top technology companies by the Technology Credit Rating Agency (TCB) Korea Enterprise Data, along with the Innovative Growth Venture Company certification hosted by the Ministry of SMEs and Startups.
The ‘Innovative Growth’ venture company certification, for which Monolight was selected this time, is granted to companies with promising future growth based on various indicators such as dedicated research organizations and personnel expertise, service competitiveness, growth potential, and sustainable management. It is awarded after a rigorous evaluation process including multifaceted assessments of business and organizational aspects.
Additionally, the ‘Technology Capability Excellence Certification’ is evaluated by Korea Enterprise Data (KED)’s Technology Credit Rating Agency (TCB), which comprehensively analyzes the economic value of a company’s technology based on technological capability, marketability, and business feasibility, calculating credit scores and evaluation amounts. The T4 grade Monolight obtained this time is a rating given to companies possessing excellent technological capabilities, sufficient to meet the conditions for KOSDAQ technology special listing, thereby proving that Monolight is a company equipped with innovative technological capabilities.
Currently, Monolight was founded in 2017 by CEO Kim Seongsu, an expert in content and media commerce, and provides product planning based on the lifestyle of the middle-aged and older generation centered on content and celebrities, along with systematic commerce and brand management.
Kim Seongsu, CEO of Monolight, said, “The acquisition of the T4 technology evaluation grade and venture company certification is a meaningful achievement that recognizes Monolight’s innovation, creativity, and business growth in expanding commerce by combining content, fandom, and technology.” He added, “Based on our technology and core competencies, we aim to provide a unique digital lifestyle experience that satisfies creators, brands, and consumers alike through the experience we have accumulated.”
He continued, “Going forward, we will focus more on diversifying the media commerce business and growing the brand business based on creator IP, leading the content-based media commerce industry.”
Monolight has shown outstanding results not only in influencer management and advertising but also launched IP products linked to creator content last year. It has launched its own brand in various manufacturing sectors including kitchenware and meal kits, and has excelled in the goods business. In response to the upheaval in the content commerce market, Monolight plans to significantly expand its B2C live commerce projects that can provide creators, content, and services, with the successful domestic and international launch of its private brand as a key goal.
Hot Picks Today
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Meanwhile, Monolight Co., Ltd. is expanding its activities by connecting creator IP and fandom centered on human IPs of popular lifestyle celebrities such as Bae Dongsung, Jeon Jinju, Jeong Riwang, Bae Yeonjeong, Moms Recipe, and No Janggeum, leading various commerce businesses.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.