#South Korea #Seoul #Digital Twin #GDIN

GDIN Strengthens South Korea's Digital Twin Industry

The Global Digital Innovation Network (GDIN), an influential force in South Korea's tech scene, particularly in the digital twin sector, has made headlines with its recent initiatives. On December 23, 2024, GDIN revealed remarkable outcomes from its efforts to enhance the global presence of South Korean digital twin technology firms. The organization announced that it had facilitated the signing of 18 agreements that could lead to potential export deals worth approximately $17.2 million.

The digital twin industry, which creates virtual replicas of physical systems, has seen a surge in interest and innovation. GDIN, formerly known as the Born2Global Centre, has been pivotal in promoting and fostering collaboration among innovative companies in South Korea and beyond. With their focus on internationalization, GDIN has successfully connected South Korean firms with potential clients and partners in various global markets through significant trade exhibitions including GITEX.

Among the 10 companies supported in this initiative were notable names like VEStellaLab, SIMACRO, and NAONWORKS, all dedicated to advancing digital twin technology. Maestro of the project, GDIN CEO Jongkap Kim, emphasized the importance of blurring the lines between digital and physical realms, a capability that digital twin technology boasts. He expressed optimism about the future, stating, “We strive to ensure that national borders do not hinder the progress of digital technology companies.”

One of the companies benefiting from GDIN's support is Tilda, a machine learning-based optimization solution provider. CEO Ji Ryung Chung spoke about the achievements made possible through GDIN’s digital twin support program. Not only did they manage to establish connections with potential partners in the UAE, but they also initiated a collaborative relationship with a research institution in Luxembourg which paves the way for their expansion into the European market.

The comprehensive support provided by GDIN didn’t stop at connection facilitation; it included a host of services designed to bolster the companies' competitive edge in overseas markets. This robust support encompassed professional consulting to analyze target market conditions, feasibility studies for market entry, and strategic planning for successful entry into those markets.

To enhance their technological competitiveness, GDIN also assisted these companies in assessing and improving compliance with the ISO 23247 standards for digital twin solutions. Moreover, support extended to achieving software quality certifications under the ISO/IEC 25023 quality standard, further ensuring that they meet international quality benchmarks.

Promotional services were also a core part of the GDIN strategy, which involved encouraging attendance at international exhibitions like the GITEX Expand North Star 2024. This provided invaluable opportunities for South Korean companies to network, showcase their innovations, and build relationships with potential clients and partners from around the world.

Since its establishment in 2013, GDIN has built a reputation as a key player in fostering international collaborations, with an impressive track record of establishing 160 global partnerships, aiding over 3,000 tech companies, and facilitating approximately 20,000 consultation sessions. Their commitment to nurturing the digital landscape and empowering South Korean firms to achieve global success remains unwavering.

In conclusion, GDIN's recent advancements in the digital twin field signal a transformative shift in South Korea’s tech industry, as these initiatives not only reflect current trends but also set an ambitious and promising trajectory for the future of digital advancements in the country. For more updates on GDIN's initiatives, follow their progress on LinkedIn or visit their official website GDIN Foundation.