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GDIN Successfully Supports Establishment of 10 New Joint Ventures in 2024 Alone

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GDIN Successfully Supports Establishment of 10 New Joint Ventures in 2024 Alone
Business

Business

GDIN Successfully Supports Establishment of 10 New Joint Ventures in 2024 Alone

2024-12-24 02:49 Last Updated At:03:05

GDIN CEO Jongkap Kim: "By matching technology needs with local markets, we create long-lasting joint ventures with multiple exit opportunities."

SEOUL, South Korea, Dec. 24, 2024 /PRNewswire/ -- Global Digital Innovation Network (GDIN), led by CEO Jongkap Kim, proudly announced the major achievements of its 2024 Joint Venture Program. This program, which supports the establishment of joint ventures between South Korean companies and international partners, is designed to lower market entry barriers and create sustainable growth opportunities through local collaborations.

Since the launch of the program in 2021, GDIN has supported the establishment of 44 joint ventures across various regions. This year alone, 10 joint ventures were successfully launched in 8 countries including the United States, Canada, Japan, India, Singapore, Vietnam, UAE, and Uganda.

The Joint Venture Program was created to address a common challenge faced by early-stage tech companies: while they may have products and services that meet market demand, they often lack the resources and workforce to enter international markets. Through this program, GDIN helps companies increase their chances of success by facilitating strategic market entry via local partnerships.

In addition to the 44 joint ventures established so far, 47 partnership agreements are in the pipeline for future joint ventures. The program's success is largely attributed to GDIN's extensive global network of partners, which includes government organizations, multinational corporations, and international agencies such as the World Bank, Central American Bank for Economic Integration (CABEI), Inter-American Development Bank (IDB), Investment Turkey etc. GDIN has organized multiple technology matching and investor relations events to introduce Korean companies and their innovative technologies to potential international partners.

At the year-end performance report event, held on December 19, GDIN recognized companies that successfully established joint ventures. Changsoft I&I, a digital construction management system company, was highlighted for its success in establishing joint ventures in Japan and Vietnam. CFO Jongeun Park of Changsoft I&I shared, "We were facing stagnating revenue growth, and expanding into new markets was critical. With GDIN's support, we were able to establish joint ventures in Japan and Vietnam, allowing us to tailor our products to local market needs."

Other companies that successfully established joint ventures in 2024 include Medicos Biotech, Bloomsbury Lab, Arbaim, Eucast, Pixelro, Hansol root one, Eco-Peace, and IESG.

GDIN CEO Jongkap Kim commented, "Unlike simple joint investments or distribution networks, these technology-driven joint ventures are based on market demand, ensuring their long-term sustainability. If these joint ventures achieve success in the local markets and even go public, they could offer multiple exit opportunities, creating a strong growth model for all involved."

About GDIN 

Global Digital Innovation Network (formerly known as Born2Global Centre), registered under the Ministry of Science & ICT, 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 over 160 international partnerships, supported over 3,000 tech companies, conducted over 20,000 consulting services, and helped companies raise $3.6 billion USD in investments.

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

GDIN Successfully Supports Establishment of 10 New Joint Ventures in 2024 Alone

GDIN Successfully Supports Establishment of 10 New Joint Ventures in 2024 Alone

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Denvix Set to Unveil Game-Changing PowerX Power Bank and MotorX Tire Inflator at CES 2025

2024-12-23 23:58 Last Updated At:12-24 00:15

LAS VEGAS, Dec. 23, 2024 /PRNewswire/ -- Denvix, an innovator in consumer electronics, is set to showcase its innovative products at CES 2025, the world's biggest electronics trade show, in Las Vegas from January 7-10. Visitors will be able to find Denvix at Booth South Halls #30835, where the company will demonstrate its newest breakthroughs: the PowerX Power Bank and the MotorX Tire Inflator.

Introducing the PowerX Power Bank and MotorX Tire Inflator

The PowerX Power Bank is not just a 25,000mAh power bank; it's a powerhouse of technology with five invention patents to its name. The MotorX Tire Inflator is a game-changing, compact device that not only inflates tires with unprecedented speed but also doubles as a robust power bank and versatile lighting solution, ideal for every adventure.

PowerX Power Bank Detailed Features:

Imagine being in a hotel where you can safely and continuously charge both your power bank and MacBook at the same time, avoiding unexpected shutdowns caused by overheating during bedtime. This makes it ideal for overnight use while traveling.

MotorX Tire Inflator Detailed Features:

During outdoor adventures, picture taking the MotorX on a road trip—it can inflate tires, charge your phone, and even serve as a camping light.

Commenting on the Power X, Chris Gallagher of USA Today said, "Ideal for travelers, tech enthusiasts, or anyone seeking convenience, the Denvix PowerX redefines what a power bank can do."

In addition, commenting on the company's dedication to innovation, Scott Kramer from Forbes said, "This company is dedicated to creating revolutionary products in the automotive and outdoor industries by applying cutting-edge technologies."

A Commitment to Innovation and Consumer Needs

Denvix's presentation at CES reflects its dedication to innovation, driven by consumer needs in the automotive and tech industries. The company has experienced rapid growth since its inception, thanks to its ability to innovate quickly while maintaining high-quality standards.

Attendees at CES 2025 will have the exclusive opportunity to experience these devices firsthand, gaining insights into future trends directly from one of the leading innovators in the field. For more information, visit Denvix's official website at www.denvix.com and their Amazon store at www.amazon.com/denvix.

About Denvix

Denvix is a technology company dedicated to pursuing excellence, with a complete value chain that includes capabilities in R&D, production, and independent brand sales. Since its establishment, it has experienced explosive growth, with a sustained annual growth rate of over 300%.

Denvix's consumer electronics redefine daily travel scenarios with advanced technology and innovation.

Guided by first principles, Denvix merges cross-industry demands with cutting-edge innovations to create truly revolutionary products.

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

Denvix Set to Unveil Game-Changing PowerX Power Bank and MotorX Tire Inflator at CES 2025

Denvix Set to Unveil Game-Changing PowerX Power Bank and MotorX Tire Inflator at CES 2025

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