Supporting startups' overseas expansion, global achievements are expected through product and service demonstrations to international buyers.

KT and the Gyeonggi Center for Creative Economy Innovation (Director Lim Deok-rae, hereinafter the Gyeonggi Center) announced on the 29th that they will support the participation of domestic startups and partners with excellent technological capabilities in the fields of 5G and IoT in the 'Mobile World Congress Shanghai 2016' (hereinafter MWC Shanghai 2016), the largest mobile telecommunications industry exhibition in Asia held in Shanghai, China.

KT and the Gyeonggi Center are supporting the global business expansion of startups by providing a space at MWC Shanghai 2016 for startups and partners to exhibit and promote their products and services, and by providing professional interpreters for business cooperation with local Chinese companies.

The three companies participating in this exhibition are SpringWave, ESMLab, and MiscoNCT, which were selected from among KT partners and Gyeonggi Center startups for their technological capabilities and global business potential. At MWC Shanghai 2016, these companies will hold meetings with buyers and investors from around the world, including India, Singapore, and China, to discuss business cooperation and product exports.

Among the participating companies, Springwave, a KT partner, showcased a 'time synchronization communication device'. This product is currently being applied to Korea's national safety network pilot project in 2016. It is an innovative product that can reduce construction costs by more than 30% compared to existing methods because it synchronizes time information from one device to multiple other devices via the internet network without the need to install multiple GPS satellite antennas on every base station device.

Mirae NCT, one of the startups nurtured by the Gyeonggi Center, garnered significant attention from visitors by showcasing a service that collects parking lot information through its self-developed IoT sensors and provides drivers with real-time information on available spaces. The company plans to use its participation in the exhibition as an opportunity to 본격화 (intensify) its global expansion, including holding meetings with VCs to present its business during MWC Shanghai 2016.

ESM Lab, another company nurtured by the Gyeonggi Center, demonstrated figure skating jump movements to the audience using a 4D 'Time Slice' solution, a high-capacity content technology that will be active in the 5G era. In particular, during the event, we met with Shanghai Media Group to discuss business cooperation plans and had active global networking opportunities with new global clients from India, Singapore, and other regions.

Jeong Hong-su, CEO of ESM Lab, said, “Time-slice technology is currently being applied in domestic professional baseball broadcasts and is a world-class technology that produces 4D video in the shortest possible time. By shooting 4K video, you can experience multi-angle shots that make you feel like the protagonist of The Matrix,” adding, “We will create a new world of video that changes the filming paradigm in the existing broadcasting industry.”

Kim Young-myung, Head of KT’s Creative Economy Promotion Team, stated, “At MWC 2016 Shanghai, we are exhibiting startup products that are linked to commercialization with KT or have the potential for global expansion,” adding, “KT and the Gyeonggi Center will continue to support startups so that they can achieve results in exports and attracting investment through overseas exhibitions.”