Bit Corporation adopts co-CEO system... Accelerates technical special listing process

Jangrae Jo, Co-CEO of Bit Corporation.

Bit Corporation, a subsidiary of Danal, announced on the 28th that it will accelerate its technology-special listing by appointing Jangrae Jo as CEO and adopting a co-CEO system.

New CEO Jangrae Jo began his career as a journalist for a major daily newspaper and gained extensive experience in public relations and marketing through roles at CJ ENM's marketing department, the Blue House's public relations chief office, and the planning and management office. He also has rich experience in new technology fields such as cloud, AI, and cybersecurity, having served as an executive in the policy cooperation legal office at Microsoft Korea for 13 years.

CEO Jo plans to drive market expansion by strengthening the sales and marketing strategy of the AI robot coffee 'Bit (b;eat)'. In particular, he aims to promote sales growth and increase brand value by enhancing the market competitiveness of the unmanned store software (SW) 'i-MAD' installed in Bit.

Additionally, Bit Corporation will focus on promoting the technology-special listing, advancing core business and technology, and expanding overseas markets. Having received an A grade in the preliminary technology evaluation and a top grade 1 in the technology credit evaluation (TCB) last year for the i-MAD technology, the company expects its corporate value to increase in the mid to long term.

A Bit Corporation official stated, "This co-CEO system will be an opportunity to enhance corporate competitiveness and domestic and international market share," adding, "We will advance the listing schedule and establish a foundation for future growth as a food tech specialized company."

Meanwhile, Bit Corporation has been achieving over 20% annual sales growth thanks to demand from companies and residential facilities introducing AI robot coffee for general stores as well as employee and resident welfare. The company is also actively pursuing overseas market entry in countries such as Japan and Singapore.

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