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[Today's Economy] Preview: CES _ 'Most Innovative' K-Startups show off their tech prowess

Today's Economy  03-01-2023

[CES preview] 'Most Innovative' K-Startups show off their tech prowess



CES [Image source: Yonhap News]

[Today's Economy = Sooyeon Kang].

More than 700 domestic companies and organisations will participate in the world's largest consumer electronics and information technology (IT) exhibition, 'CES 2024', which kicks off on the 9th (local time) in Las Vegas, USA.


They are expected to show off their technological competitiveness at CES, which is called the "place of innovation," after receiving the most CES Best Innovation Awards and Innovation Awards among all participating countries in the preliminary count.


According to the CES official website on Wednesday, the number of Korean companies and organisations participating in CES 2024 was 751 as of the end of December last year. That's about 17 per cent of the total 4,231 companies and organisations participating.


In addition to large companies such as Hyundai Motor and SK, the number includes universities, government agencies, and related organisations, but the majority are classified as SMEs and startups.


In particular, at Eureka Park, where startups gather, 530 to 540 domestic companies are expected to compete with promising companies from around the world.


Korean companies swept eight CES Best of Show awards and 143 innovation awards, the most of any participating country, in the first tally announced last November.



유레카 파크 [사진출처=연합뉴스]

A standout among them is blockchain startup zkrypto, which won the CES Best Innovation Award for the second year in a row, a rare feat for a startup.


The company, co-founded by Oh Hyun-ok, a professor of information systems at Hanyang University, and Kim Ji-hye, a professor of electronic engineering at Kookmin University, won the Best Innovation Award for the "JK Voting Pole Station," which applies the blockchain voting system "JK Voting" to the offline voting environment.


JKVoting was also mentioned as "one of the three technologies that will solve the problems facing humanity" by the US Consumer Technology Association (CTA) last year.


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