FRIDAY, JULY 31, 2020 ADVERTISING SUPPLEMENT / LOS ANGELES TIMES AJ5 K-STARTUP Seoul Startup Hub plants 17 South Korean startups overseas Customized and untact matchmaking worked! “Seoul Startup Hub had to The Bell July 3. So we found and matched accord- Communications, and the Min- matchmaking, untact consulting taste many a bitter cup over series ingly and both parties are now istry of Science and Technology, is equally playing a role in this of failure in sending tech-creative Agency, the Hub has been build- enjoying what they needed.” eventually opened their hearts, time of virus spread. It is notable Korean startups overseas at the ing network-outposts at targeted Vietnam is most active and are now in close contact and that the impending entrance of initial phase of its services. Real- regions of Asian countries includ- player of the Hub. Back then, cooperation. 30 startups to Vietnam this year izing the reason being mismatch- ing Vietnam and Singapore. however, their respond was “Korean startups’ overseas is being entirely made through es between the locally needed and “It is very important to study lukewarm as numerous MoUs advance has mostly been made to untact consulting showing 80% what we were available, the Hub signed between the two countries Vietnam so far. We are now giv- progress at the moment. changed localization strategies matchable startups. It is law of mostly remained paper works. from 2019. 17 startups made last demand and supply which we To turn lukewarm to enthusias- action plans to Singapore, Japan year, as a result, and 30 are ex- missed at the initial stage of our and China. It is encouraging that pected to be made this year” said services. Vietnam, for example, is on monthly basis with details 9 startups are already in line to Im Jeong-woon, director of Seoul in high demand for cooperation in and action plans. The Vietnam- make entrance to Singapore.” Startup Hub, at an interview with agriculture, e-commerce and bio. ese Ministry of Information and Alongside customized NuEyne brings new light to eyes Making supply chain aving made steady ad- a South Korean electroceuticals vestment & Securities. vancement from pace- startup NuEyne made impressive 20 experts mostly with mas- finance in South East Hmaker, and accelerated debut by winning the 1st Seoul ter’s and doctor’s degrees are by neuroscience, bioengineering Innovation QuickFire Challenge. pushing forward their creative and electronics, electroceuticals CEO Kim Do-hyung is a member zeal alongside a number of joint Asia simpler and is now received as new medical of the First Phase Electroceuticals researches with U.S. Mayo Clinic, applications to cure diseases such Research and Development Com- SurgiVision and Johnson & John- as asthma, dementia and chronic mittee and of the Insertion Type son Innovation, and also with efficient: Fin2B illness. If the existing drug thera- Medical Equipment Research Hanyang University Biomedical promptly proceeding businesses Society. NuEyne has recently Engineering and Seoul National of SMEs through SaaS (Software chemical substances, electroceu- invited 4.5 billion won ($3.7 mil- University Hospital Movement as a Service). ticals applies electric signals to lion) investment for series B from Disorder Center. Park Sang-soon, CEO of the desired part to create medici- Partners Investment and Medici NuEyne’s eye device is being Investment. Prior to this in 2018, on a clinical test at the Samsung year. chief of Boston Consulting Group showed 7.9% yearly growth, val- the company secured 3.5 billion Medical Center Seoul and a well- Seoul before launching his own ued $17.2 billion as of 2017, and Founded by a team of four won for series A from Hastings ness device is set to release by the creative minded September 2017, expected to see $25.2 billion next Asset Management and Korea In- end of 2020. beginning, Park focused on huge potential of Southeast Asian mar-

were, and are, still lag behind. He Twinstarfarm grows edible insects better mapped out his vision to grow soft has built partnership with a lighting, temperature and mois- number of companies in the US, in Asia, and in 2018 set up his ture control of the existing edible Europe and South East Asia, and - initial services in Vietnam for its insect farming systems. Driven recently signed a MoU worth $5 important role among the ASEAN by innovative ‘edible insect verti- million with Cricket One, a Viet- based FSCM (Financial members. cal farming tech’, Twinstarfarm is namese edible insect startup. F This year, he is set to push Supply Chain Management) solu- winstarfarm is a smart installed on smart phone to help tions to SMEs in South East Asia. his services forward in Indonesia insect farm system devel- farmers grow edible insects better The company is credited for suc- while also making himself busy Toped by a South Korean IT and easier. It can reduce labor by ceeding digital accounts receiv- expanding FSCM to more appli- startup Vandalsoft. A 2013 report half, increase output by 150% and cable areas. He points out digi- of the Food and Agriculture Or- protein and nutrition. Established its automated control system cuts Vietnam in 2019. Fin2B’s FSCM talized services in supply chain ganization pointed edible insects in 2017 as a smart farm, IoT and - as promising future food for rich app developer, Vandalsoft fo- - tant than ever especially in times - of the Southeast Asian market cantly reduced transaction coast Making pharma R&D smarter, faster and more effective: Syntekabio SNoW will free us from yntekabio is a bioinformat- lutions are being used for genome new checkpoint inhibitor STB- analysis, modeling and simula- C017 and to repurpose for a CO- Sin 2009. By using cutting tion of synthetic drugs and pro- VID-19 project. STB-C017 has possible infection by edge supercomputing and AI tein. Syntekabio is also working been developed as a checkpoint technology, the company makes on development of personalized inhibitor candidate substance, pharma R&D smarter, faster neoantigen algorithm that can be and the animal testing result was touching mask with used to develop cancer vaccine. presented at the AACR Annual DeepMatcherTM, the company’s Meeting 2020. STB-C017 showed driven drug discovery startup De- AI drug discovery platform, is a a considerable improvement in hands cember 2019, Syntekabio’s super- 3D virtual graphic simulation that molecules snap shots in order survival rate when injected along- next generation antimi- rial services is now being widely computing solutions with around simulates protein-ligand complex to predict HBQI (High Binding side existing checkpoint inhibi- crobial solutions com- received by many hospitals, 1,000 server computers performs interaction according to actual Quality Index) and RMSD (Root tors. Also, using the drug repur- pany SDLab Korea has banks, schools, restaurants and Mean Square Deviation). Deep- A physical environment (molecu- posing models can help search for succeeded development of next - making it around 340th of the lar structure, status and physi- MatcherTM is used for both new generation ‘spike non-woven dence, SDLab Korea is pushing TOP500 supercomputers of the cal property change). It analyzes drug deduction and repurposing, fabric (SNoW)’ after years of forward its global ambition with world. These supercomputing so- and measures the number of drug and has been used to deduce the passionate research. This next already secured exclusive busi- generation fabric can be used in ness license in Thailand, Viet-