GDIN Support Strengthens South Korea's Digital Twin Industry

Investment results in 18 signed agreements and $17,210,000 in potential export deals

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ -- Global Digital Innovation Network (GDIN), the South Korean foundation formerly known as Born2Global Centre, is announcing the results of its investment in the overseas expansion of several digital twin technology companies.

Successfully fostering South Korea's digital twin industry

Focusing on their global competitiveness and growth, GDIN has aimed to bolster ten Korean companies innovating in digital twin technology:

These efforts resulted in a total of 18 signed agreements, including MoUs, NDAs, and business contracts. There were 733 total export consultation cases conducted, leading to potential export deals worth up to $17,210,000.

Ji Ryung Chung, CEO of Tilda, a machine learning-based business optimization solution company, stated, "With the support of GDIN's digital twin company assistance program, we were able to connect with potential business partners in the Middle East, including the UAE, and establish a collaborative relationship with a research institution in Luxembourg, laying the foundation for our entry into the European market."

GDIN CEO Jongkap Kim remarked, "Digital twin technology companies possess the capability to blur the boundaries between the digital and physical worlds. Similarly, we strive to ensure that national borders are not barriers for digital technology companies either." He emphasized that GDIN will continue to support these companies for their global success.

Incubating innovation

GDIN's support included a range of resources and assistance. Firstly, its professional consulting services assisted with analyzing the current status of each company's target markets, assessing the feasibility of market entry, and formulating market entry strategies.

To sharpen competitiveness in technologies offered, GDIN facilitated each company's efforts to evaluate, improve, and comply with the digital twin solution standard ISO 23247. The foundation also provided assistance to complete software quality certifications based on the ISO/IEC 25023 quality standard.

Finally, support covered promotional activities such as participation in international exhibitions—such as GITEX Expand North Star 2024—to assist with identifying potential customers and business partners.

To learn more about GDIN, please follow their LinkedIn page: https://www.linkedin.com/company/gdinfoundation/

Or visit: www.gdinfoundation.com

About Global Digital Innovation Network

Global Digital Innovation Network (formerly known as Born2Global Centre), registered under the South Korean Ministry of Science & ICT (MSIT), is an independent foundation that promotes and fosters collaboration between next-level innovative companies from South Korea and the world.

Since 2013, we have established 160 international partnerships, supported 3k tech companies, conducted 20k consultation sessions, and helped companies raise $3.6 billion USD in investments. We are passionate about becoming the global leader for digital transformation through international partnerships, and we strive to redefine the future of digitalization on a global scale.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

GDIN Support Strengthens South Korea's Digital Twin Industry

SINGAPORE, Dec. 23, 2024 /PRNewswire/ -- Siraj Finance PJSC, a leading Islamic Finance Company in the UAE, has signed an agreement with Azentio, a pioneer in the core banking technology service provider. The agreement represents the collaboration for implementation of the core and digital banking solution to further enhance the operational capabilities and digitization of Siraj Finance's product and service offerings. The step is directly in line with Siraj Finance's goal of providing diversified Islamic financial products and services via channels that are innovatively utilizing latest technology while remaining customer centric and regulatory compliant.

Mr. Amjad Hijazi - Chief Operating Officer, Mr. Joseph Daniel - Chief Business Intelligence & Strategy Officer, Mr. Syed Moosa Kaleem Al Falahi - Chief Business & Investment Officer and Mr. Fazal Nassim - Chief Governance & Compliance Officer represented Siraj Finance, whereas Mr. Rahul Arora - Chief Sales Officer, Mr. Harkaran Singh - Senior Vice President, Middle East & Africa, Mr. Zaher El Khatib - Vice President Global Islamic Banking Sales, Mr. Alfred Quertier - Director Global Sales Engineering and Mr. Bhushan Kelkar - Vice President Sales represented Azentio, in the signing ceremony.

Commenting on the partnership, Mr. Amjad stated, "We are delighted to be working with Azentio as our technology partner of choice to empower our ongoing business growth. For us, iMAL and its comprehensive functionality coupled with the adherence to Islamic principles, align with our goals, allowing our team to streamline processes, enhance productivity and elevate the omnichannel customer journey."

Mr. Rahul added, "We are extremely pleased to partner with Siraj Finance to deliver a user-friendly digital financial services experience to both their retail and corporate customers. This partnership reflects our ongoing commitment to empowering financial institutions in the region with cutting-edge technology designed to meet both current and future needs."

About Siraj Finance

Siraj Finance is a private joint stock company based in Abu Dhabi and regulated by the Central Bank of the UAE. Established in 1999, it proudly offers a multitude of financial products, designed in compliance with the Sharia principles. It caters to Corporates, Small and Medium Enterprises (SMEs) and individuals, with the objective of providing a variety of tailored product and service options that are best fit for their aspirations and needs.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Siraj Finance PJSC signs an agreement with Azentio for iMAL core and digital financial services solution subscription optimization